Titan Case Study- International business law
Titan set up a joint venture with a government company in the West of Africa, in Benin, in 1998 to build a wireless telephone network. The firm hired a man as its local agent, who was known as a business adviser to Benin's president, Mathieu Kerekou.
From 1999 to December 2001, Titan paid more than $3.5 million to this agent, including $2 million that was falsely billed as consulting services but actually was used for the president's re-election campaign. In 2000, Titan demanded an increase from 5% to 20% in the fees it charged for supervising the project, but this was turne…
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