Engineering Exec Calls South Korean Fees Legit At SFO Trial

Law360, London (November 19, 2019, 6:22 PM GMT) -- Payments of more than $1 million to a South Korean public official were legitimate fees for “technical advice” and not bribes in exchange for helping the company secure contracts, the founder of a seismology instruments manufacturer told a London jury Tuesday.

Cansun Güralp, the founder of U.K. company Güralp Systems Ltd., took the witness stand in his defense at the Southwark Crown Court trial brought by the Serious Fraud Office. He and two other company employees are accused of giving corrupt payments to an employee with the Korea Institute of Geoscience and Mineral Resources, or KIGAM. In return, the public official...

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