Slush funds, front companies and billions in secret payments. Correspondent Lowell Bergman follows a tale of international bribery that leads to some of the world's most powerful companies and governments.
As the global financial downturn continues and pressure for profits increases on corporations across the world, a small group of lawyers in the U.S. Justice Department is pursuing an aggressive crackdown against an international business tactic -- bribery -- which the World Bank says amounts to as much as a trillion dollars a year in payments.
"Over the past two years, the U.S. government has collected almost a billion and a half dollars in fines in foreign bribery cases," says Mark Mendelsohn, the Department of Justice prosecutor in charge of more than 100 ongoing cases, one of which culminated in a record seven-year prison term for the former CEO of a subsidiary of the Halliburton Corp., and another which ended in a record $800 million fine against the German giant Siemens. "There's a whole world of conduct that rarely sees the light of day."
In Black Money, FRONTLINE correspondent Lowell Bergman investigates this shadowy side of international business, shedding light on multinational companies that have routinely made secret payments -- often referred to as "black money" -- to win billions in business.
Format : AVI
Length : 524 MiB for 56mn 23s 316ms
Codec : XviD
Source : HDTV
Video #0 : MPEG-4 Visual at 1 180 Kbps
Aspect : 688 x 384 (1.792) at 29.970 fps