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Bribery

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  • Former Czech politician gets prison term for corruption Thursday, 23 Jul 2015 | 8:38 AM ET

    PRAGUE— A Prague court has convicted a former prominent member of the ruling Social Democrats of corruption and sentenced him to eight and a half years in prison in a high profile trial. Judge Robert Pacovsky of the Central Bohemia's regional court said Thursday that David Rath had accepted bribes and was responsible for manipulating public contract bids...

  • SAO PAULO— Three top officials of Brazil's Camargo Correa construction company have become the first business executives to be convicted in the corruption-kickback scandal engulfing state-run oil company Petrobras. Dalton Avancini, Camargo Correa's chief executive officer; Eduardo Leite, the company's vice president; and Joao Auler, the company's...

  • China's new President Xi Jinping (R) talks with former President Hu Jintao (L) on March 14, 2013 in Beijing, China.

    A top aide to China's ex-president has been arrested and stripped of Communist party membership amid Beijing's anti-corruption purge. The Financial Times reports.

  • RIO DE JANEIRO, July 20- Three executives of Brazil's Camargo Correa group were convicted on Monday of money laundering, corruption and other charges, the first construction-industry executives to be sentenced in a giant price fixing and bribery scandal involving state-run oil company Petrobras. The ruling was handed down by Judge Sergio Moro of Brazil's...

  • EXCLUSIVE-SEC BEGINS CIVIL PROBE IN FIFA CORRUPTION CASE TO SEE IF COMPANIES VIOLATED U.S.

  • WASHINGTON, July 17- Louis Berger International Inc, a New-Jersey- based construction management company, will pay a $17.1 million criminal fine to resolve charges that it bribed officials to win government contracts abroad, the U.S. Justice Department said on Friday. According to prosecutors, the company and its employees bribed officials in India, Indonesia,...

  • NEW YORK, July 10- A U.S. judge has rejected Brazilian state-run oil producer Petrobras' effort to dismiss a lawsuit claiming that years of corruption, including bribery, caused more than $98 billion of its stock and bonds to be overvalued. Shareholders led by England's Universities Superannuation Scheme Ltd alleged that Petrobras, whose formal name is...

  • OSLO, July 7- A Norwegian court sentenced four former top executives at Yara, the world's biggest nitrate fertiliser maker, to prison on Tuesday for paying bribes in Libya and India, in one of Norway's biggest corruption scandals. Prosecutors had accused the men of paying around $8 million in bribes to officials in India and Libya- including to the family of former...

  • SAO PAULO, July 2- Brazilian police arrested Jorge Zelada, former head of Petrobras' international division, as part of an ongoing investigation into bribery and corruption at the state-run oil producer, prosecutors said on Thursday. Prosecutors said Zelada, who led the international division from 2008 to 2012, was suspected of receiving bribes on a drillship...

  • SAO PAULO, July 2- Brazilian police have arrested Jorge Zelada, former head of Petrobras' international division, as part of an ongoing investigation into bribery and corruption at the state-run oil producer, a local newspaper reported on Thursday. He was taken into custody early Thursday as part of the graft probe centered on Petrobras that has already...

  • BRASILIA, July 1- Brazilian police on Wednesday raided the offices of the federal tax agency and national mint as part of an investigation in a fraud scheme that allegedly channeled 100 million reais in bribes to finance ministry officials. Public servants from both entities linked to the finance ministry were allegedly paid bribes to give the company SICPA a...

  • *Hong Kong corporate governance ranking fell in 2014. HONG KONG, June 29- Missing executives, bribery probes, workers suspected of pilfering company documents- not the plot for a thriller, just regular reading for a Hong Kong stock trader. Puzzling company statements that would raise eyebrows in most financial centres have become increasingly common in Hong...

  • NEW YORK, June 25- Brazil's state-run oil company, Petroleo Brasileiro Petrobras SA, urged a U.S. judge on Thursday to throw out an investors' class action lawsuit claiming a multibillion-dollar bribery scandal overvalued it for years. Speaking at a hearing in federal court in New York, Petrobras lawyer Roger Cooper said the company itself was a victim of the...

  • NEW YORK, June 25- Brazil's state-run oil company, Petroleo Brasileiro Petrobras SA, urged a U.S. judge on Thursday to throw out an investors' class action lawsuit over its multibillion-dollar bribery scandal. Speaking at a hearing in federal court in New York, Petrobras lawyer Roger Cooper blamed the fraud on a handful of individuals and said the company could...

  • CURITIBA, Brazil, June 24- Brazilian federal police are investigating foreign companies that may have paid bribes to obtain contracts with state-run oil firm Petrobras but were not part of a suspected cartel of local engineering firms, an agent said on Wednesday. A lead prosecutor in the case, Carlos Fernando dos Santos Lima, told Reuters on Tuesday more than a...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. Police also apprehended Otavio Marques Azevedo, CEO of Andrade Gutierrez,...

  • CURITIBA, Brazil, June 23- Brazil's biggest corruption investigation could spread to its largest electric utility, Eletrobras, and more than a dozen foreign companies, a lead prosecutor said on Tuesday, in a sign of further turbulence for the country's business and political establishment. Carlos Fernando dos Santos Lima said a scheme similar to one set up as...

  • Earlier in the day, Brazilian police arrested Marcelo Odebrecht, the company's chief executive officer, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras.

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. In pre-dawn raids that netted 12 arrests in four states, police also...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. In pre-dawn raids that netted 12 arrests in four states, police also...