Titan to pay $28.5m in foreign bribery case
By Andrew Parker and Christopher Bowe in New York
Financial Times
Published: March 2 2005 00:30
Titan Titan, the US military communications company, is to pay $28.5m in fines after pleading guilty to criminal charges that it violated legislation banning the bribery of foreign officials.
Titan on Tuesday settled charges brought by prosecutors and regulators who accused the company of wrongly channelling $2m to the 2001 re-election campaign of Mathieu Kerekou, president of the west African state of Benin.
http://news.ft.com/cms/s/5891c8ae-8ab1-11d9-9059-00000e2511c8.html
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