On April 20, 2016, the Department of Justice (DOJ) announced that the former owner and president of Chestnut Consulting Group Inc., Dmitrij Harder, has pled guilty to two counts of violating the Foreign Corrupt Practices Act (FCPA) for allegedly bribing a European Bank for Reconstruction and Development (EBRD) official to direct hundreds of millions of dollars in business to clients. According to the admissions made in connection with his plea, Harder paid $3.5 million to the official in exchange for approving financing applications for two Chestnut Group clients. Harder's sentencing is scheduled for July 21, 2016. The United Kingdom's Crown Prosecution Service has charged the EBRD official, Andrey Ryjenko, and his sister, Tatjana Sanderson, with accepting bribes and money laundering.
To learn more, read The Wall Street Journal article and our January 2015 issue covering Harder's indictment.
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