Arias Calls for Cuts In Weapons Spending
Christian Sapsizian, a French citizen and former executive of French telecom giant Alcatel, was sentenced this week in the United States to 30 months in prison, the U.S. Department of Justice said.
The U.S. Southern District Court of Florida in Miami also ordered Sapsizian to forfeit $261,000, serve three years of supervised release and pay a $200 special assessment, according to a DOP press release.
Until 2006, Alcatel’s American Depository Receipts (ADRs) were traded on the New York Stock Exchange (NYSE).
The Costa Rican Electricity Institute (ICE), the state-owned telecom authority, awarded Alcatel an almost $150 million mobile phone contract in August 2001.
Sapsizian, then an assistant to Alcatel’s Latin America vice president, appears to have had a behind-the-back hand in sealing the deal.
Sapsizian confessed to engaging in a $2.5 million bribery scheme started in 2000 to win ICE’s phone contract. He admitted to conspiring from February 2000 to September 2004 with Edgar Valverde Acosta, a Costa Rican who was Alcatel’s senior Costa Rica representative, and others to bribe officials here.
You may be interested
Twice as nice: Güity wins second gold at Grand PrixAlejandro Zúñiga - May 25, 2019
A day after he placed himself atop the world rankings with his time in the 200-meter T64 at the 2019…
Costa Rica obtains $500 million from CAF for fiscal supportAFP and The Tico Times - May 25, 2019
The Development Bank of Latin America (CAF) on Friday granted a $500 million credit to Costa Rica to support the…
Ballet Festival 2019 part of Costa Rica’s flourishing dance sceneJacob Spetzler - May 24, 2019
A convergence of international ballet classes, performances and meetings manifests this week in the form of the Costa Rican Festival…