Maryland company a fine of $2M for bribing Russian nuclear official

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.

Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.

Most popular