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Alcatel Lucent settles US bribery case

corporate

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Telecoms equipment company, Alcatel Lucent, has agreed to pay a 103 million euros to settle a bribery case.

US authorities claimed the French-based firm paid millions of euros to win contracts in South America and Asia. The charges relate to before Alcatel bought its American wing, Lucent.

The company admitted earning over 36 million euros profit through these improper payments.

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