x
Optical/IP

Costa del Kickback?

Alcatel SA (NYSE: ALA; Paris: CGEP:PA) has been implicated in corruption allegations involving Costa Rica's former president Miguel Angel Rodriguez, and it has set up an internal team to investigate the matter.

Rodriguez pocketed at least $140,000 of a $2 million payment allegedly made by Alcatel after the vendor was awarded a deal worth $149 million for GSM mobile network equipment in 2001, according to a claim made by a former presidential aide. Alcatel announced the deal in March 2002.

Costa Rica's current president, Abel Pacheco, says Rodriguez should quit his current role as secretary general of the Organization of American States ("the region's premier forum for multilateral dialogue and concerted action") because of allegations that he received kickback payments from the French vendor.

Alcatel is horrified by the claims. In a prepared statement, it "stresses that the company conducts its business with transparency, following laws and regulations, both locally and internationally," and says it has established an "internal team to analyze this information."

It adds: "If necessary, Alcatel will take appropriate measures in accordance with its statement on business practices, and in any case will fully and openly collaborate with the local authorities."

— Ray Le Maistre, International News Editor, Light Reading

hyperunner 12/5/2012 | 1:11:40 AM
re: Costa del Kickback? But isn't this par for the course? Politician, bribery. It happens all over the world - including the US. The current administration is a shining example of vested interest.

The guy got caught. That means he's careless, or someone in Alcatel's "Exceptional Payments" department is careless because they left a paper trail.

Maybe somebody could remind me. Did the former Alcatel CEO ever actually go to jail because of the way they allegedly ripped off France Telecom? I mean, there were formal charges right?

hR.
gardner 12/5/2012 | 1:11:37 AM
re: Costa del Kickback? Maybe somebody could remind me. Did the former Alcatel CEO ever actually go to jail because of the way they allegedly ripped off France Telecom? I mean, there were formal charges right?

I don't believe he ever actually went to jail. According to L'Humanite (yeah I know, its the commie paper--bug somebody who cares about your Foxed up politics 'cause I don't) he was given 2 years suspended sentence and 2 Million FF of fine. I think he also had to pay back the money in question. But no, he never actually had to serve any time. I suppose he might have spent a night or two in the Sante--I seem to remember a picture from L'expresse of him riding in the back of a police car. ;-)
HOME
Sign In
SEARCH
CLOSE
MORE
CLOSE