Subject category:
Strategy and General Management
Published in:
1999
Length: 4 pages
Data source: Published sources
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Abstract
Riga Corporation is a closely held New Jersey corporation with one shareholder, Waston Riga. The company had 15 employees and operated in the commodity brokering business. The case involves the 1989 sale of powdered milk to the Dominican Republic (DR) government and the problems related to the collection of the funds. Riga attempted to collect the money he was owed by writing to DR government officials and, subsequently, US Congressmen and the Ambassador. By 1992, over $163,000 remained uncollected and Riga was anxious to secure payment. Richard Logo, a commodities broker in the DR suggested that Riga pay a ''service fee'' to an unnamed Dominican official who would arrange payment. Against the advice of a Foreign Service officer in the US Embassy in Santo Domingo, Riga agrees to the ''service fee'' and is later accused of violating the Foreign Corrupt Practices Act. This case was sponsored by the Indiana University CIBER Case Collection.
Location:
Industry:
Size:
Small
Other setting(s):
1989
Subject category:
Strategy and General Management
Published in:
1999
Length: 8 pages
Data source: Published sources
About
Abstract
Riga Corporation is a closely held New Jersey corporation with one shareholder, Waston Riga. The company had 15 employees and operated in the commodity brokering business. The case involves the 1989 sale of powdered milk to the Dominican Republic (DR) government and the problems related to the collection of the funds. Riga attempted to collect the money he was owed by writing to DR government officials and, subsequently, US Congressmen and the Ambassador. By 1992, over $163,000 remained uncollected and Riga was anxious to secure payment. Richard Logo, a commodities broker in the DR suggested that Riga pay a ''service fee'' to an unnamed Dominican official who would arrange payment. Against the advice of a Foreign Service officer in the US Embassy in Santo Domingo, Riga agrees to the ''service fee'' and is later accused of violating the Foreign Corrupt Practices Act. This case was sponsored by the Indiana University CIBER Case Collection.
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Location:
Industry:
Size:
Small
Other setting(s):
1989
Related
Subject category:
Strategy and General Management
Published in:
1999
Length: 8 pages
Data source: Published sources