Associate Professor Mike Koehler discusses FCPA enforcement action against relatives of former UN Secretary General
February 06, 2017
The U.S. Department of Justice recently charged "four individuals for their roles in a scheme to pay $2.5 million in bribes to facilitate the $800 million sale of a commercial building in Vietnam to a Middle Eastern sovereign wealth fund." See DOJ press release.
Two of the individuals charged are relatives of former UN Secretary General and former South Korea Presidential Candidate Ban Ki-moon.
Associate Professor Michael Koehler was interviewed about the case on TBS eFM's "This Morning" English radio program in Seoul, Korea.
In his blog post about the case, Koehler refers to the enforcement action as "down right strange in that the bribery scheme was unsuccessful and the third party intended to facilitate the bribery scheme simply pocketed the money for himself."