Federal Probes Target Lucent Technologies (Saudi Arabia & Bribery)

TRENTON, N.J. -- Telecommunications gear maker Lucent Technologies is being investigated by two federal agencies for possible violations of U.S. bribery laws in its operations in Saudi Arabia.

In a brief document filed Friday evening with the Securities and Exchange Commission, the company said it had been informed by the SEC and the Department of Justice that they are investigating whether it violated the Foreign Corrupt Practices Act.

Murray Hill-based Lucent has been accused of bribing a Saudi official with cash and gifts worth $15 million in an effort to gain business from the Saudi Telecommunications Co., the country's monopoly wireless provider.

The allegations were made by the National Group for Communications and Computers Ltd., a telecom company that provides Internet service in Saudi Arabia, in a lawsuit. The civil suit against Lucent was filed Aug. 8 in U.S. District Court for the Southern District of New York.

more..................

http://www.newsday.com/business/nationworld/wire/sns-ap-lucent-bribes,0,1603235.story?coll=sns-ap-business-headlines

for this company in the last few years and it keeps getting worse. there`s really nothing left of the company anymore.
how the mighty have fallen....

Dean or Kerry ?

Would be interesting to know.

That this would not go on. Or is it thought that with the idiot son in the WH that they can do anything with no consequences?