About The Individuals Mentioned In The Comcel Enforcement Action
This prior post went in-depth into the recent $118.2 million FCPA enforcement action against Comcel (doing business as TIGO Guatemala – a mobile and fixed telecommunications service provider with its principal place of business in Guatemala).
There are two specific individuals mentioned in the DOJ charging documents: Acisclo Valladares Urruela (“Valladares” pictured) (a citizen of Guatemala and TIGO Guatemala’s Chief Corporate Affairs Officer and Head of Legal in or around and between 2008 and 2015 and again serving as Chief Corporate Affairs Officer in or around 2017) and Alvaro Estuardo Cobar Bustamante (“Cobar”) [a Guatemalan citizen and director of a Guatemalan bank] who facilitated the bribery scheme by providing Valladares with cash in order to pay bribes to Guatemalan officials and reimbursements for bribes TIGO Guatemala executives had already paid.