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 | Investigations Dataset

Stanford Foreign Corrupt Practices Act Clearinghouse a Collaboration with Sullivan & Cromwell LLP

Investigations Dataset

 
Investigation into The AES Corporation's Activities in Uganda · The AES Corporation

Information & Summary

Investigation into The AES Corporation's Activities in Uganda

Related FCPA Matter:   AES Corporation's Involvement in Uganda Information

Information & Summary

Investigation Name:    Investigation into The AES Corporation's Activities in Uganda

Trend:    None

Type of investigation:    Internal, DOJ

Other Agencies Investigating/Assisting with DOJ Investigation:    Unknown

Whistleblower:    Unknown

Summary

The AES Corporation (AES) is a Fortune 500 company that generates and distributes electrical power. Operating in 15 countries, AES is headquartered in Arlington, Virginia, and its stock is traded on the NYSE.

According to its August 6, 2004 10-Q filing, AES disclosed that the DOJ was conducting an investigation into allegations that persons and/or entities involved with the Bujagali hydroelectric power project, which AES was constructing and developing in Uganda, made, or agreed to make, certain improper payments in violation of the FCPA. AES conducted its own internal investigation and cooperated with the DOJ in the investigation.

AES terminated the Bujagali project in question, according to its March 30, 2005 10-K filing, and there is no further disclosure regarding the investigation.

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