The Swiss security multinational SICPA, leader in the production of special inks for banknotes and other documents, was sentenced this Thursday to pay 81 million francs (82 million euros) for its involvement in corruption cases in Brazil, Colombia and Venezuela. reported the National Prosecutor’s Office.
After eight years of investigation, it was concluded that employees of SICPA bribed public officials from the three countries, while the company “did not take reasonable and necessary organizational measures to prevent these payments”, according to the statement of the public prosecution.
Along with the fine, a sales director of the Swiss firm, whose name was not made public, has been sentenced to 170 days in suspended prison for paying bribes in Colombia and Venezuela between 2009 and 2011.
On the other hand, the investigation into the CEO of the company, Philippe Ammonwas archived, said the Prosecutor’s Office.
The Lausanne-based firm, which has a workforce of 3,000 employees and has a presence on five continents, said today in a statement that it takes note of the sanction issued, although it does not agree with its bases, “given the absence of sanctions in the countries where the infringements would have been perpetrated”.
“SICPA has equipped itself with one of the best management systems to guarantee that its activities respect business ethics and the highest degree of integrity.”, added the company in the statement.
Source: EFE
Source: Gestion
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