Former Exec at Manufacturer Sentenced on Foreign Bribery
Tuesday, December 18, 2012A former vice president of Control Components Inc. in Rancho Santa Margarita has been sentenced to four months in prison to be followed by four months of home confinement for violating a U.S. foreign bribery law.
David Edmonds pleaded guilty in June to a charge that he violated the Foreign Corrupt Practice Act by making a bribe to a government official in Greece in 2003.
An investigation has been ongoing into Control Components, which manufactures control valves used for oil, gas and other power-generating industries.
The company made voluntary disclosures to the Department of Justice in 2007 and pleaded guilty in 2009. Court documents state that the company made corrupt payments totaling about $6.85 million from 1998 through 2007 to officials in more than 30 countries. Those payments are said to have brought Control Components about $46.5 million in business. Eight former Control Components executives have been charged, and seven have pleaded guilty.
