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You work for a seafood broker that buys and sells seafood products all over the

ID: 2441515 • Letter: Y

Question

You work for a seafood broker that buys and sells seafood products all over the world. This means that you have to deal with many different business customs, habit and laws from the U.S. and various other countries. About three or four months ago you sold six tons of row (fish eggs) also known as caviar to a despotic ruler in Terrabowlland. The value of the deal to your company was approximately $1.5 million and to date your company has not been paid. It's unlikely that your company can survive if you don't collect the account receivable and the pressure is starting to mount on you. Recently, you were speaking with another fish broker who is based outside of the U.S and does no business in the U.S. and therefore is not subject to U.S. laws. The broker told you about troubles he had collecting on a transaction with Terrabowlland and that eventually he had to pay a fee of 19% of the total transaction to an "administrator" in Terrabowlland. He said it was really a bribe but they called it a transaction fee. Under U.S. you are prohibited from paying bribes (see Foreign Corrupt Practices Act for example among other statutory provisions). In the terms of Star Trek this is your "Kobiyashi Maru" no-win scenario test. If you pay the bribe you could go to jail and if you don't the company probably goes bankrupt. What do you do?

Please fully explain your position and actions.

Explanation / Answer

According ,to me in ,this situation I will not pay the bribe of 19% in Terrabowlland as this is against the lawi Even if my company would be declared as BANKRUPT , I will not break any laws as it is against my country..

It's ok if my business will close but, I will be proud when I see my country is honest not corrupted. I don't care for my business as more of new business will enter and exist ,but the main thing is you should not be corrupted , and we should not think of things happened in past we should live in present and think ahead because somewhere somehow life will give you another chance if you are honest.

Thank you.

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