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Crime Bribery

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  • COLUMBUS, Ohio— A former Ohio deputy treasurer who fled to Pakistan in the face of a 15- year prison sentence for a kickback scheme delivered a public apology before a federal judge on Friday and was sent to begin his time in U.S. prison. Shackled and in prison khakis, Amer Ahmad appeared before Judge Michael Watson two days after he was extradited from Pakistan.

  • SAO PAULO, Aug 21- Construction and engineering group Camargo Corrêa SA has agreed to pay 700 million reais to compensate state-run companies for damages related to bribery and price-fixing, prosecutors said on Friday. The funds will mostly go to public companies that were victims of Brazil's largest ever corruption scheme, prosecutors said.

  • District Judge Naomi Reice Buchwald sentenced Charles Antonucci Sr. in Manhattan, where he was president of The Park Avenue Bank before his arrest in a fraud prosecutors said included bank bribery, self-dealing, embezzlement of bank funds and a failed effort to fraudulently get more than $11 million worth of taxpayer rescue funds from the Troubled Asset...

  • Karen Finley, a longtime executive at Phoenix- based Redflex Traffic Systems Inc., looked calm as she pleaded guilty in U.S. District Court in Chicago, telling Judge Virginia Kendall she understood she now faced the possibility of spending up to five years behind bars. Chicago awarded its first contract to Redflex in 2003 and signed others later as it expanded...

  • NEW YORK/ BEIJING, Aug 20- On China's version of Valentine's Day, big international chocolate makers like Hershey are not feeling the love. The Chinese market is "a challenging one and we're certainly finding that out," the chief financial officer of Hershey Co said on a recent conference call. "People used to buy expensive chocolate as gifts, but now they no longer do...

  • BERLIN— An anti-corruption watchdog says only four of 41 countries that signed an anti-bribery convention 16 years ago are actively investigating and prosecuting companies that bribe foreign officials to win contracts, or dodge taxes and local laws. Transparency International, which annually assesses compliance with the OECD anti-bribery convention,...

  • The Supreme Court rejected the appeal by Han Myung- sook, who was sentenced to two years for taking about $758,850 in kickbacks from a businessman in a 2013 ruling by the Seoul High Court, according to court officials and Han's office. Han, 71, served as South Korea's first female prime minister in 2006 and 2007 under former liberal President Roh Moo-hyun, who...

  • NEW YORK/ BEIJING, Aug 20- On China's version of Valentine's Day, big international chocolate makers like Hershey are not feeling the love. The Chinese market is "a challenging one and we're certainly finding that out," the chief financial officer of Hershey Co said on a recent conference call. "People used to buy expensive chocolate as gifts, but now they no longer do...

  • NEW YORK, Aug 18- Avon Products Inc is seeking approval of a $62 million settlement of a U.S. lawsuit accusing the cosmetics company of defrauding shareholders by concealing its failure to stop workers from bribing officials in China to win business. The proposed settlement was filed on Tuesday with the U.S. District Court in Manhattan and requires a judge's...

  • Petrobras facing heat from Feds Tuesday, 18 Aug 2015 | 6:00 AM ET
    Petrobras facing heat from Feds

    Brazil's Petrobras under investigation for alleged violations of the U.S. Foreign Corrupt Practices Act. May face $1.6 billion in fines. - Reuters.

  • RIO DE JANEIRO/ NEW YORK, Aug 18- Brazil's Petrobras may need to pay record penalties of $1.6 billion or more to settle U.S. criminal and civil probes into its role in a corruption scandal, a person recently briefed by the company's legal advisors told Reuters. State-run Petroleo Brasileiro SA, as the company is formally known, expects to face the largest penalties...

  • SAO PAULO, August 17- A Brazilian judge sentenced Nestor Cervero, former international chief of state-run oil firm Petrobras, to just over 12 years in prison on Monday for corruption and money laundering related to a bribe allegedly paid to the speaker of Brazil's lower house of Congress. Cervero and two other defendants are accused of organizing bribes from...

  • SAO PAULO, Aug 14- More defendants are negotiating and signing plea bargain deals in a massive bribery case focused on Brazil's state-run oil firm Petrobras as federal prosecutors prepare charges against higher-profile suspects, including politicians. Petrobras' former head of corporate services Renato Duque and Fernando Soares, a lobbyist who helped...

  • BEIJING, Aug 7- China's Communist Party has expelled a former official of the country's securities regulator after an investigation showed he had taken bribes, the anti-graft watchdog said on Friday.

  • SAO PAULO, Aug 6- Brazil's federal prosecutor on Thursday charged ex-Petrobras official Jorge Zelada and five others with taking $31 million to favor U.S. firm Vantage Drilling in a rig contract in an ongoing corruption scandal. The charges will still have to be reviewed and accepted by a judge before the accused can be officially charged and tried.

  • BRASILIA, Aug 5- Brazil's top prosecutor, who has put dozens of politicians under investigation for allegedly taking bribes in the Petrobras corruption scandal, has won the backing of his peers to stay on the job for two more years. Rousseff is expected to nominate Janot, but it is not clear whether he will win confirmation by the Senate because the head of the upper...

  • NEW YORK, Aug 3- PetroChina Co on Monday won the dismissal of a U.S. class-action lawsuit arising from an alleged bribery scheme at China's state-run oil company. District Judge Edgardo Ramos in Manhattan dismissed claims by PetroChina investors who accused the company and various officials, including former Chairman Jiang Jiemin, of deceiving them about its...

  • CURITIBA, Brazil, Aug 3- Brazilian federal police on Monday arrested former government minister Jose Dirceu, one of the most senior members of the ruling Workers' Party to be detained so far in a corruption scandal engulfing state-run oil company Petrobras. Federal prosecutor Carlos Fernando dos Santos Lima called Dirceu a key instigator of the Petrobras...

  • SHANGHAI, Aug 3- Britain's GlaxoSmithKline PLC said on Monday it had re-hired Vivian Shi, a former Chinese government affairs executive at the firm who was the focus of an internal probe into information leaks alleging bribery at the company's China unit. Shi was named in the internal investigation carried out on behalf of GSK China into a series of emails...

  • LONDON, July 29- Drugmaker GlaxoSmithKline, which was fined a record 3 billion yuan for corruption in China last year and is examining possible staff misconduct elsewhere, faces new allegations of bribery in Romania. The company is already probing alleged bribery in Poland, the United Arab Emirates, Lebanon, Jordan, Syria and Iraq. The company said it would look "...