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Crime Bribery

  • LIMA, Feb 24- Grana y Montero's shares closed down about 33 percent on Friday after a local magazine reported that the Peruvian construction group knew about $20 million in bribes paid to a former president by its partner, scandal-tainted Brazilian firm Odebrecht SA. Hildebrandt en sus trece said the former head of Odebrecht Peru, Jorge Barata, told prosecutors...

  • LIMA, Feb 24- Grana y Montero shares fell more than 30 percent on Friday on a report the Peruvian builder knew about $20 million in bribes paid to former President Alejandro Toledo by scandal-tainted Brazilian firm Odebrecht SA. Hildebrandt en sus trece, a local magazine, said the former head of Odebrecht Peru, Jorge Barata, told a prosecutor the firm's three...

  • Piwowar's comments come at a time when many on Wall Street have been questioning whether the Justice Department and the SEC will ease enforcement of the FCPA. In addition, Trump's pick to lead the SEC, attorney Jay Clayton, previously chaired a committee at the New York City Bar Association which drafted a paper that was somewhat critical of how the law was being...

  • NEW YORK, Feb 23- A former Valeant Pharmaceuticals International Inc executive and the former chief executive of mail order pharmacy Philidor Rx Services pleaded not guilty on Thursday to charges they orchestrated a multi-million dollar fraud and kickback scheme. Federal prosecutors accused Gary Tanner, who was a senior director at Canadian drugmaker...

  • SAO PAULO, Feb 22- Brazil's Braskem SA is trimming investments this year as it winds down spending on a new plant in Mexico and cuts back strategic new projects after a bribery settlement hammered earnings last year, according to a Wednesday securities filing. Latin America's largest petrochemical company plans to invest 1.814 billion reais in 2017, down from...

  • The agreement was signed on Thursday by top prosecutors from Brasil, Argentina, Chile, Colombia, Ecuador, Mexico, Peru, the Dominican Republic, Venezuela, Panama and one European country, Portugal. Odebrecht said it paid $439 million outside Brazil, with the largest bribe admissions abroad in Venezuela, the Dominican Republic and Panama. Brazilian prosecutors...

  • LIMA, Feb 17- Peru is seeking 200 million soles from former government and company officials accused of involvement in bribes distributed by Brazilian builder Odebrecht to secure public works contracts in the country, authorities said on Friday. Former President Alejandro Toledo and the former head of Odebrecht in Peru, Jorge Barata, are among eight people...

  • Prosecutors believe Lee Jae-yong, 48, a vice chairman at Samsung Electronics and the only son of the ailing Samsung chairman, gave bribes worth $36 million to President Park Geun-hye and her close friend to help win government support for a smooth company leadership transition, including a contentious merger of two Samsung companies. "What would affect its...

  • *Lee sought over bribery scandal involving President Park. SEOUL, Feb 17- Samsung Group chief Jay Y. Lee was arrested on Friday over his alleged role in a corruption scandal rocking the highest levels of power in South Korea, dealing a fresh blow to the technology giant and standard-bearer for Asia's fourth-largest economy. The 48- year-old Lee, scion of the...

  • SEOUL, Feb 17- The arrest of Samsung Group scion Jay Y. Lee on bribery charges could hamper decisions on strategic investments and acquisitions at the sprawling conglomerate, insiders and former executives say, even with strong leadership at its many businesses. Although business at flagship Samsung Electronics is humming along, big calls will need to be made...

  • SEOUL, Feb 17- South Korea's special prosecutor's office said it is planning to indict Samsung Group chief Jay Y. Lee on charges that go beyond previously cited bribery allegations surrounding government backing of a 2015 merger of two group affiliates. The charges against Lee relate to the broader process of leadership succession at Samsung, the prosecution...

  • SEOUL, Feb 17- The arrest of Samsung Group scion Jay Y. Lee on bribery charges could hamper decisions on strategic investments and acquisitions at the sprawling conglomerate, insiders and former executives say, even with a strong leadership bench at its many businesses. Although business at flagship Samsung Electronics is humming along, big calls will need to...

  • BOGOTA, Feb 16- Colombian regulators ordered the nullification of a major road construction contract that had been awarded to Brazilian engineering firm Odebrecht and local partners, amid a Latin America- wide bribery scandal. Odebrecht pleaded guilty in U.S. court and agreed to a $3.5 billion penalty for paying hundreds of millions of dollars in bribes in...

  • SEOUL, Feb 17- A South Korean court on Friday ordered the arrest of Jay Y. Lee, the 48- year-old head of the Samsung Group, on suspicion of bribery and other charges in a corruption scandal that led parliament to impeach President Park Geun-hye. Prosecutors accuse Lee in his capacity as head of South Korea's largest conglomerate, or chaebol, of pledging 43 billion won...

  • BOGOTA, Feb 16- Colombian holding company Corficolombiana said it had no knowledge of bribes paid by Brazil's Odebrecht engineering firm in connection with a joint highway project suspended amid a Latin America- wide bribery scandal. Odebrecht pled guilty in U.S. court and agreed to a $3.5 billion penalty for paying hundreds of millions of dollars in bribes in...

  • BOGOTA, Feb 16- Colombian holding company Corficolombiana said it had no knowledge of bribes paid by Brazil's Odebrecht engineering firm in connection with a joint highway project suspended amid a Latin America- wide bribery scandal. Odebrecht pled guilty in U.S. court and agreed to a $3.5 billion penalty for paying hundreds of millions of dollars in bribes in...

  • SEOUL, South Korea— The billionaire heir to Samsung, South Korea's most successful and best known conglomerate, made his second attempt Thursday to block efforts by prosecutors to arrest him on bribery and other charges in connection with a corruption scandal that has engulfed the country's president. A court hearing on whether to issue an arrest warrant for...

  • Samsung Electronics Vice Chairman Lee Jae-yong walked into the Seoul Central District Court without speaking to the pack of reporters. They accuse him of giving bribes worth $36 million to President Park and her long-time friend in order to win government favors for a smooth company leadership transition. The approval would also help bring bribery charges...

  • NEW YORK, Feb 15- A Florida software engineer and a New Jersey pastor engaged in lies and corruption to facilitate an illegal bitcoin exchange business whose operators wanted to take over a small credit union to evade scrutiny, a federal prosecutor said on Wednesday. Attorney Won Shin told jurors that programmer Yuri Lebedev schemed with others to bribe Trevor...

  • JERUSALEM, Feb 15- The chief executive of Paz Oil, Israel's largest distributor of refined oil products, has been questioned by police over allegations he bribed public officials, the company said on Wednesday. In a brief statement to the Tel Aviv Stock Exchange, Paz said it learned this week that CEO Yona Fogel had been questioned in connection with an ongoing...