US Executives Arrested for Bribing Honduran Officials
Wednesday December 22 Prensa Latina
Washington, Dec 21 (Prensa Latina) US Authorities arrested two executives of Latin Node Inc., a Miami-based telecommunications company, for bribing more with more than one million USD to Honduran officials for concessions with the Honduran Telecommunications Company.
Federal agents arrested in Miami its former chief executive officer Jorge Granados, 54, and vice-president of business development Manuel Cáceres, 64, according to a Justice Department statement.
Granados and Caceres are facing 19 counts for violating anti-bribery regulations of the Foreign Corrupt Practices Act, and money laundering to hide their actions, for which they are facing more than 20 years in prison if convicted, according to the official note.
The company Latin Node Inc. had an agreement in December 2005 with the Honduran government to operate between this country and the United States, but the US entrepreneurs sought a preferential treatment through bribes.