Diebold Charged With Bribery, Falsifying Docs, ‘Worldwide Pattern of Criminal Conduct’

Excerpt :

The Plain Dealer reports that court documents filed this week by the U.S. Justice Department allege executive and company employees from Diebold’s Asia Pacific region paid “$1.75 million in bribes, gifts and trips to dozens of employees of banks in China and Indonesia”… The bribes were paid in order to secure and retain business with bank customers, including state-owned and state-controlled banks.

Diebold attempted to disguise the payments and benefits in various ways, including by making payments through third parties designated by the banks, and by inaccurately recording leisure trips for bank employees as “training.”

The court documents also accuse Diebold employees, over a four-year period, of creating and entering into false contracts with a distributor in Russia for services that the distributor was not performing. The distributor, in turn, used the Diebold funds to pay bribes to employees of Diebold’s privately-owned bank customers in Russia in order to obtain and retain ATM-related contracts with those customers.

Despite their years-long global crime spree, it seems Diebold will receive yet another slap on the wrist, and another polite request to please not to do that again. You and I should be so lucky next time we run into repeated trouble with the law.

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