This is a story that’ll make movie studios and producers operating around the world shudder. The Financial Times (reg required) spotlights a fraud trial in Los Angeles “that could have repercussions across the entertainment sector”. An American film producer and his wife are alleged to have violated the U.S. Foreign Corrupt Practices Act by paying $1.7 million in bribes to a Thai tourism official in order to obtain contracts to run an international film festival in Bangkok. The couple have pleaded not guilty to the charges. This is the first FCPA case to involve the entertainment industry, and the newspaper says it won’t be the last. (Usually the pharmaceutical and energy industries have been targeted.) Here was the indictment. The FT story is here.
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