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Crime Bribery

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  • Brazil's Petrobras receives more than $20 million Friday, 31 Jul 2015 | 11:44 AM ET

    RIO DE JANEIRO— Brazil's state-owned oil company has received the equivalent of more than $20 million that was recovered as a result of an investigation into a corruption-kickback scandal engulfing Petrobras. The Federal Prosecutor's Office says in a statement that 69 million reals were returned to Petrobras on Friday. The statement says the amount...

  • NEW YORK— A former state Senate leader is set to go to trial this fall on charges he sold his office for the sake of his adult son. A federal judge in Manhattan scheduled a Nov. 16 trial date for Dean Skelos and his 33- year-old son, Adam, on Thursday at a hearing where the pair pleaded not guilty to a revised indictment adding new extortion and bribery charges alleging...

  • 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 "...

  • Brazil police arrest 2 for alleged bribery scheme Wednesday, 29 Jul 2015 | 12:46 PM ET

    The Federal Prosecutor's Office says in a statement that police on Tuesday detained Othon Luiz Pinheiro da Silva, president of Eletronuclear, a subsidiary of Brazil's electric utilities company, Eletrobras. According to the prosecutor's office, Silva, who is on leave as Eletronuclear's chief executive officer, received 4.5 million reals in bribes from...

  • Mead Johnson paying $12M to settle US bribery charges Tuesday, 28 Jul 2015 | 2:02 PM ET

    The Glenview, Illinois, company neither admitted nor denied SEC allegations that it violated the Foreign Corrupt Practices Act, which prohibits bribery of foreign government officials or company executives to secure or retain business. The improper payments totaled more than $2 million from 2008 to 2013 and generated about $7.8 million in profits for the...

  • The arrests come as federal police follow allegations that a price-fixing, bribery and political kickback scheme they discovered at Petrobras extends to other state-led firms, including Eletrobras, Brazil's largest utility. Federal prosecutor Athayde Ribeiro Costa told journalists that police also had arrested Andrade Gutierrez executive Flavio...

  • HACKENSACK, N.J.— A doctor who serves as mayor of a northern New Jersey town pleaded not guilty Monday to charges that he took cash bribes and other kickbacks for referring patients to a medical imaging company. West New York Mayor Felix Roque, 59, operates the Pain Relief Center medical practice. The attorney general's office alleges that between 2007 and 2012,...

  • July 24- Prosecutors and federal police in Brazil unearthed the country's largest-ever corruption scandal by tying a ring of black-market money changers to a price-fixing and political kickback scheme at state-run oil firm Petrobras. Executives from two dozen engineering firms are accused of inflating the value of service contracts and funneling the...

  • 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...

  • 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...