In late December 2010, the US Department of Justice (the “DOJ”) announced the unsealing of a criminal indictment against Jorge Granados and Manuel Caceres, former officials of Latin Node, Inc. (“Latin Node”); in 2009, Latin Node, a telecommunications company in Miami, had pleaded guilty to violating the FCPA by bribing foreign officials in Honduras and Yemen.  

The recent indictment centers on an “interconnection agreement” between Latin Node and a state-owned telecommunications authority in Honduras. The indictment alleges that after this agreement was executed, bribes were paid to secure for Latin Node preferred telecommunications rates and to retain the interconnection agreement, despite late contract payments by Latin Node. According to the indictment, Latin Node paid more than $500,000 in bribes, often laundering funds through subsidiaries in Latin America.