Dallas Airmotive Inc., a provider of aircraft engine maintenance, repair and overhaul services based in Grapevine, Texas, has admitted to violations of the Foreign Corrupt Practices Act (FCPA) and will pay a $14 million criminal penalty to resolve charges that it bribed Latin American government officials in order to secure lucrative government contracts.
Federal officials said that the company entered into a deferred prosecution agreement, although no such agreement was made public or filed with the court.
[Update December 11, 2014 2:22 pm: The Justice Department just did release the deferred prosecution agreement to Corporate Crime Reporter. The agreement apparently has not yet been filed with the court. The attorney representing Dallas Airmotive is Karen Patton Seymour, a partner at Sullivan & Cromwell in New York.]
Federal officials did file a 14 page criminal information with the court.
Between 2008 and 2012, the company bribed officials of the Brazilian Air Force, the Peruvian Air Force, the Office of the Governor of the Brazilian State of Roraima, and the Office of the Governor of the San Juan Province in Argentina.
Dallas Airmotive used various methods to convey the bribe payments, including by entering into agreements with front companies affiliated with foreign officials, making payments to third-party representatives with the understanding that funds would be directed to foreign officials, and directly providing things of value, such as paid vacations, to foreign officials.