LatiNode CEO Pleads Guilty to Foreign Bribery Conspiracy

Jorge Granados, the former chief executive of telecommunications company Latin Node Inc., or LatiNode, pleaded guilty Thursday to conspiring to bribe officials in Honduras….

Between September 2006 and June 2007, according to court documents, LatiNode executives paid more than $500,000 in bribes to Honduran officials, concealing many of the payments by laundering the money through subsidiaries in Guatemala and through accounts controlled by the Honduran officials. Granados admitted to authorizing those payments.

Read more: LatiNode CEO Pleads Guilty to Foreign Bribery Conspiracy — WSJ Corruption Currents