Settlements

ST-360
Titan Corporation
Titan Corporation
United States
Department of Justice
Benin
2005
03/01
Unknown
Legal Person
Criminal
Guilty Plea
Criminal Fine
$13,000,000.00
$13,000,000
$0
Art.16, Art.26
Art. 1, Art. 2, Art. 8
Bribery of foreign officials, Falsification of books and records, Filing a false tax return
Bribery of foreign officials, Falsification of books and records, Filing a false tax return
Yes
According to the United States June 2011 Report to the OECD, "Titan Corporation (Titan), a Delaware Corporation headquartered in San Diego, CA, is a global provider of military intelligence and communications solutions. In October 1998, Titan established a joint venture with Afronetwork, a Benin telecommunications company, to build a satellite-based telephone system in Benin. In a November meeting between Titan and Afronetwork, Titan was introduced to a "business advisor" to the president of Benin. Titan subsequently hired the "advisor" to assist with the contract in exchange for 5% of the value of all equipment installed in Benin. Revenues from the contract were close to $100 million, and Titan subsequently made over $2.3 million in payments to the agent, including via offshore accounts in Monaco. Titan recorded the payments as "consulting services" in its corporate books and records and broke the payments into smaller increments to make them appear more reasonable." (Source: Report by the United States to the OECD, "Steps taken to implement and enforce the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions" (June 2011), Titan Corporation Case Summary at 116-117.) See also, US v. Titan Corporation, Case No. 05-cr-0314 (S.D. Cal.) documents listed in Sources field.