FULTON, Md. – A Maryland company will pay $2 million criminal penalty for bribing a Russian nuclear official for uranium-shipping contracts.
The U.S. Department of Justice says in a Tuesday release, Transport Logistics International, Inc. entered into a dpa to resolve the case charging the company with conspiracy in violation of the Foreign Corrupt Practices Act the anti-bribery provisions.
TLI provides management services for the transport of nuclear cargo.
Court document say TLI a commitment to pay more than $1.7 million to offshore bank accounts related to shell companies in Switzerland, Cyprus and Latvia. The beneficiary was Vadim Mikerin, Maryland-based official with TENEX, a subsidiary of the Russian state-controlled nuclear energy agency Rosatom that delivers uranium products.
Mikerin and TLI former co-chairmen Daren Condrey and Mark Lambert were also charged in connection with the scheme. All involved TLI employees were fired.