Naman Wakil Archives - FCPA Professor

Checking In On The Wakil Enforcement Action

By Mike Koehler on August 24, 2022 in Corrupt Intent, Facilitating Payments, Naman Wakil, Obtain or Retain Business, Statute of Limitations

As highlighted in this prior post, in August 2021 the DOJ announced that Naman Wakil, a Syrian national and U.S. lawful permanent resident, was “arrested in Miami on charges related to his alleged role in a scheme to bribe Venezuelan officials and launder funds to obtain contracts from Venezuela’s state-owned and state-controlled energy company, Petróleos de Venezuela S.A. (PDVSA), and Venezuela’s state-owned and state-controlled food company that purchased food for Venezuela, Corporación de Abastecimiento y Servicios Agrícola (CASA).”

Recently, Wakil (through his attorneys Stephen Binhak and Black Srebnick attorneys Howard Srebnick and Jackie Perczek) filed three motions.

The first motion is a motion to dismiss the indictment for failure to state an offense and states in summary:

Wakil Enforcement Action – Obtain Or Retain Business?

By Mike Koehler on August 6, 2021 in Governments Refusing To Pay, Naman Wakil, Obtain or Retain Business

This previous post summarized the DOJ’s criminal charges against Naman Wakil regarding an alleged bribery scheme in Venezuela.

Should the case be litigated, there will be some interesting legal issues to consider including “obtain or retain” business.

The FCPA’s anti-bribery provisions are not an all-purpose corporate ethics statute, but rather a limited statute with specific elements that must be met for there to be a violation.

Same General Script, As DOJ Charges Individual In Connection With Alleged Bribes In Venezuela

By Mike Koehler on August 5, 2021 in 2021 Enforcement Actions, DOJ Enforcement Action, Food Industry, Individual Enforcement Action, Naman Wakil, Oil and Gas Industry, Venezuela

You have likely read the script many times in the last several years.

An individual associated with small privately-held companies does business in Venezuela and paid alleged bribes (and/or laundered money) in connection with the bribery scheme.

The script repeated itself yesterday as the DOJ announced that Naman Wakil (pictured), a Syrian national and U.S. lawful permanent resident, was “arrested in Miami on charges related to his alleged role in a scheme to bribe Venezuelan officials and launder funds to obtain contracts from Venezuela’s state-owned and state-controlled energy company, Petróleos de Venezuela S.A. (PDVSA), and Venezuela’s state-owned and state-controlled food company that purchased food for Venezuela, Corporación de Abastecimiento y Servicios Agrícola (CASA).”

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Checking In On The Wakil Enforcement Action

Wakil Enforcement Action – Obtain Or Retain Business?

Same General Script, As DOJ Charges Individual In Connection With Alleged Bribes In Venezuela

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