Haiti TELECO Bribe - Miami Businessman Sentenced to 57 Month in Prison

Bribery in Teleco Haiti

Hey... Making phone calls to Haiti is big business... You didn't know?

According to a press release by the Juan Diaz pleaded guilty in Miami before U.S. District Judge Jose E. Martinez to a one-count information charging him with conspiring to make corrupt payments to a foreign government official for the purpose of securing business advantages for three different Miami-Dade County telecommunications companies from the Republic of Haiti's state-owned national telecommunications company, Telecommunications D'Haiti [TELECO], in violation of the Foreign Corrupt Practices Act (FCPA) and money laundering laws.

According to plea documents, Diaz paid and concealed $1,028,851 in bribes to former Haitian government officials while serving as an intermediary for the three private telecommunications companies during the entire conspiracy.

If you need more info about the investigation and all the parties involved, read the full press release on the website of the United States Attorney's Office for the Southern District of Florida here.

New Facts About TELECO... In case you did not "SAVOIR..."

1 - The Haitian government sold a 60% share of TELECO a vietnamese Telecom Company, known as Viettel, for 59 Million Dollars.

2 - In April 2010, TELECO's names was officially changed to NATCOM

3 - NATCOM (TELECO) is now a private company and they own all of Haiti's land-lines.

4 - I have a feeling that Haitians will call it TELECO for a very long time...

5 - Since a "NAT" is way cheaper in Haiti than a "MATLA" I hope "NAT COM" and make the phone calls to haiti cheaper... LOL...

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