On June 29, 2010, without admitting or denying the SEC’s allegations, Veraz Networks, Inc. consented to the entry of a final judgment permanently enjoining the company from future violations of the FCPA’s books and records and internal controls provisions. Veraz was ordered to pay a $300,000 civil penalty. The SEC alleged that Veraz made or offered improper payments to government officials in China and Vietnam following the company’s initial public offering in April 2007. The improper payments included gifts and entertainment promised to employees of state-controlled telecommunications companies and, in most cases, were offered through third party intermediaries.
The Compendium summary of this matter may be accessed here: https://secure.traceinternational.org/compendium/view.asp?id=233
