AML / FCPA : Bribe to the South Korean Navy and the Defense Acquisition Program Administration: Deck Won Kang (50)
Korean businessman: Deck Won Kang (50)
Deck Won Kang has given a $ 100,000 bribe to officials from the South Korean Navy and the Defense Acquisition Program Administration.
In return, the US Department of Justice announced on December 17 (local time) that it provided confidential information.
US Department of Justice:
The US Justice Ministry announced through its website.
Deck Won Kang has pleaded guilty to himself in an online trial with Englewood Cliffs, NJ.
Documents submitted to the court:
According to court filings, it operates two naval equipment-related businesses in New Jersey.
Deck Won Kang has promised to provide “something of value” to senior executives of the South Korean Navy and the Defense Acquisition Program Administration in order to sign a delivery contract.
Officials of the South Korean Armed Forces and the Defense Acquisition Program Administration:
An official from the South Korean military and the Defense Acquisition Program Administration confirmed to Deck Won Kang that he had “passed private information about the bidding contract and supported Mr. Kang’s company during the contract conclusion process.”
In return, Deck Won Kang sent a total of $ 100,000 between April 2012 and February of the following year.
New Jersey Man Deck Won Kang Pleads Guilty to Violating the Foreign Corrupt Practices Act
A New Jersey man who controlled two U.S.-based companies pleaded guilty today for paying a total of $100,000 in bribes
to a Korean government official in order to obtain and retain contracts with the Defense Acquisition Program Administration (DAPA),
Deck Won Kang (Kang), 50, of Englewood Cliffs, New Jersey,
pleaded guilty by videoconference before U.S. District Judge Claire C. Cecchi to an information charging him with one count of violating the anti-bribery provisions of the Foreign Corrupt Practices Act (FCPA).
Kang controlled two U.S.-based companies
that provided goods and services, including naval equipment and technology, to DAPA.
According to admissions made in connection with his guilty plea, from in or around January 2009 through in or around February 2013,
Kang engaged in a bribery scheme in order for his companies to obtain and retain business with DAPA.
Kang admitted that he promised to provide a high-ranking official in the Korean Navy and a procurement official for DAPA with something of value when the official left public office.
In exchange, the Korean official provided Kang with non-public information relating to the contracts in furtherance of Kang’s companies obtaining the contracts.
Kang admitted that in order to fulfill his corrupt promise to the Korean official, between in or around April 2012 and in or around February 2013, at the official’s direction following the official’s retirement from DAPA,
Kang caused a series of bribe payments totaling $100,000 to be wired from a bank account controlled by Kang in the United States to a bank account in Australia for the benefit of the Korean official.
OPA | Department of Justice
New Jersey Man Pleads Guilty to Violating the Foreign Corrupt Practices Act