NEW YORK-The Securities and Exchange Commission is considering recommending that civil actions be taken against three former employees of Lucent Technologies Inc., including former chairman and chief executive officer Richard McGinn, according to the company’s SEC filings.
John Heindel, its former head of Saudi Arabian operations, was also served a notice known as “Wells.” The third person was not named in the SEC filings.
“The allegations against these individuals include violations of the anti-bribery provisions of the Foreign Corrupt Practices Act and aiding and abetting the company’s alleged violations of requirements under the FCPA to keep accurate books and records and to maintain a proper system of internal accounting controls,” said the filing.
The SEC and the U.S. Department of Justice had previously disclosed they were investigating possible FCPA violations regarding the company’s operation in Saudi Arabia from 1997 to 2000.
Lucent, however, said it has not received a Wells notice, although the investigation is continuing.<
