DynCorp International And Bribery

[maddezmom]

DynCorp International And Bribery
By Matthew Potter | Nov 20, 2009

~snip~

DynCorp International (DCP) reported on itself yesterday to the U.S. Government that one of its sub-contractors may have been paid money and used it illegally. The company said the payments were related to securing visas and other work documents so that it might send workers overseas. DynCorp has several major contracts related to facility construction and support in Iraq and Afghanistan. The ability to quickly get permission for their workers to arrive in and function in these and other foriegn countries aids the company in its ability to meet contract goals and support the U.S. military.

The company’s self reporting may aid it in reducing the punishment it might receive from the Government. The worst possible case would be loss of the ability to bid on new work for a period of time but in many cases a fine is usually levied. Since it was a sub-contractor this may also limit it as well. DynCorp will have to wait and see what ultimately is handed down by the Departments of Justice and Defense.

The history of arms acquisition especially selling overseas is replete with tales of bribes to rulers and government officials at all levels. It is a good thing that the U.S. and other countries have been working hard over the last few decades to eliminate it as part of doing business. It protects the companies involved, the officials and the people of the countries doing the purchasing.

more:http://industry.bnet.com/government/10004157/dyncorp-international-and-bribery/

DynCorp Says It May Have Broken U.S. Law
Possible Breach of Foreign Corrupt Practices Act Involved Subcontractor Trying to Speed Up Visas, Licensing .ArticleComments (4)more in Business

Defense contractor DynCorp International Inc. has admitted that it may have violated the Foreign Corrupt Practices Act when it tried to speed up the issuance of visas and licensing related to work for the U.S. government overseas.

The company has thousands of workers in hot spots around the world providing services such as security for U.S. diplomats and building military bases in Afghanistan.

As much as $300,000 was questionably spent, according to the company. The disclosure was made in a Nov. 9 filing with the Securities and Exchange Commission.

In the SEC filing, DynCorp disclosed that the payments "were made to subcontractors in connection with servicing a single existing task order that the Company has with a U.S. government agency."

more: http://online.wsj.com/article/SB10001424052748704533904574543974050882150.html?mod=googlenews_wsj

[nc4bo]

1. Kicking! DU'ers who despise KBR, Halliburton, Blackwater/Xe should also despise these slimeballs.

So they ratted themselves out in a case of sudden honesty? There's more to this disclosure I'm sure.

The history of arms acquisition especially selling overseas is replete with tales of bribes to rulers and government officials at all levels. It is a good thing that the U.S. and other countries have been working hard over the last few decades to eliminate it as part of doing business. It protects the companies involved, the officials and the people of the countries doing the purchasing.

Surprise?

[Bitwit1234]

2. They did worst than that when they were in Iraq

during the so called building. The management there bought Iraqi children to be the sex slaves of the supervisors etc. There were pictures of one big fat slob with the child slave he bought a tiny little girl following after him. There was a stink raised, but because at the time this company was connected to the wonderful Halliburton, cheney's pride and joy, they didn't do anything. But they just said it stopped. Do you believe it?