Crime Bribery

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  • BRASILIA, March 31- Brazilian prosecutors charged Joseph Safra, ranked as the world's richest banker, in connection with an alleged scheme to pay bribes to government officials in return for waiving up to $500 million in corporate tax debts, the prosecutors' office said in a statement on Thursday. Safra, the majority owner of the Brazilian bank Banco Safra SA, was...

  • BRASILIA, March 31- Brazilian prosecutors charged Joseph Safra, the world's richest banker, in connection with an alleged scheme to pay bribes to government officials in return for waiving $500 million in corporate tax debts, the prosecutors' office said in a statement on Thursday. Safra, the majority owner of the Brazilian bank Banco Safra SA, was not directly...

  • *Whistleblower email alleges bribes paid to boost business. LONDON, March 29- An anonymous whistleblower has accused Swiss drugmaker Novartis of paying bribes in Turkey through a consulting firm to secure business advantages worth an estimated $85 million, according to a Feb. 17 email seen by Reuters. The anonymous sender's 5,000- word email to Novartis Chief...

  • If the Department of Justice determines that Biomet's activities in Brazil and Mexico breached the DPA, then it could bring further actions against the firm. In 2012, Biomet entered into the agreement with the Justice Department to resolve alleged violations of the Foreign Corrupt Practices Act according to which Biomet bribed government officials in...

  • The SEC said violations occurred from 2009 to 2013.. Novartis settled the charges of a U.S. law barring bribery of foreign officials without admitting or denying them, the SEC said. The SEC said that Novartis' China- based units tried to mask the bribes by recording them on the corporate books as legitimate expenses for travel and entertainment, conferences,...

  • NEW YORK, March 23- The U.S. Department of Justice is pushing to block the release of documents detailing how the German industrial conglomerate Siemens AG improved compliance in the wake of a sweeping bribery case, in the latest battle over how much information about corporate settlement agreements should be made public. The non-profit news organization 100...

  • March 23- Three former officials at Venezuela's state oil company have pleaded guilty to U.S. charges related to a scheme by two businessmen to corruptly secure energy contracts, the U.S. Justice Department said on Wednesday. The ex-PDVSA officials are Jose Luis Ramos Castillo, 38; Christian Javier Maldonado Barillas, 39; and Alfonzo Eliezer Gravina Munoz, 53..

  • March 22- A Venezuelan businessman accused by U.S. prosecutors of taking part in a $1 billion conspiracy to pay bribes to obtain contracts from Venezuela's state oil company pleaded guilty on Tuesday. Shiera and Roberto Rincon, president of Tradequip Services& Marine, were arrested in December on charges that they engaged in a corrupt scheme involving...

  • SAO PAULO, March 22- Grupo Odebrecht SA, the engineering firm at the heart of Brazil's biggest ever graft probe, on Tuesday agreed to cooperate with prosecutors, in a move likely to send shockwaves across political parties that for years illegally siphoned money from state contracts. The company said the decision was made to help "build a better Brazil."

  • Tuesday's operation, code-named "Xepa", uncovered a parallel bribe-payment scheme to siphon money from state-run oil company Petrobras led by Odebrecht SA, Latin America's largest engineering firm, police said in a statement without divulging names. It is the 26th raid in a two-year corruption probe that has put a number of Brazil's top executives and...

  • BRASILIA, March 22- Brazilian federal police were seeking to arrest 15 people on Tuesday as part of the corruption investigation centered on state-run oil producer Petroleo Brasileiro SA, police and federal prosecutors said. Tuesday's operation, codenamed "Xepa," uncovered a bribe-payment scheme led by Odebrecht SA, Latin America's largest engineering and...

  • Alex Wisidagama, 42, was sentenced in federal court in San Diego after pleading guilty to one count of conspiracy to submit false bills to the Navy. In January 2015, Francis pleaded guilty to bribing Navy officers with cash, prostitutes, luxury travel and high-end electronics for inside information, including ship scheduling, and to steer business to his...

  • March 18- U.S. prosecutors investigating allegations of bribery by Wal-Mart Stores Inc across the globe have found little evidence of corrupt practices in China, Bloomberg reported. The U.S. Department of Justice has been conducting a years-long investigation into potential misconduct by Wal-Mart in some overseas markets, including China, Brazil, India and...

  • March 17- A sales consultant told Brazilian prosecutors he believes planemaker Embraer SA's top officials, including Chief Executive Frederico Curado, knew of illicit payments related to the sale of military aircraft to the Dominican Republic, the Wall Street Journal reported. Embraer is under investigation by the U.S. and Brazilian authorities for...

  • *Andrew Witty to retire on March 31, 2017. LONDON, March 17- GlaxoSmithKline said on Thursday its Chief Executive Andrew Witty would retire in 12 months after leading the British drugmaker through a series of changes since 2008 that have failed to ignite the share price. His reputation was further tarnished by a damaging bribery scandal in China that landed GSK...

  • March 17- A sales consultant told Brazilian prosecutors he believes planemaker Embraer SA's top officials, including Chief Executive Frederico Curado, knew of illicit payments related to the sale of military aircraft to the Dominican Republic, the Wall Street Journal reported. Embraer is under investigation by the U.S. and Brazilian authorities for...

  • SAO PAULO, March 15- The testimony released on Tuesday of a prominent Brazilian senator is leading prosecutors in the widening corruption scandal beyond the graft-ridden oil and electric sector that have been their main focus and into the ethanol industry. The testimony says former chief executive of Petrobras, Philippe Reichstul helped direct funds from...

  • SAO PAULO, March 15- The testimony released on Tuesday of a prominent Brazilian senator is leading prosecutors in the widening corruption scandal beyond the graft-ridden oil and electric sector that have been their main focus and into the ethanol industry. The testimony says former chief executive of Petrobras, Phillipe Reichstul helped direct funds from...

  • NEW YORK, March 15- Anti-bribery groups are raising concerns about governments expanding the use of deals that let companies accused of crimes avoid prosecution if they promise to implement reforms and pay heavy fines, ahead of an OECD anti-bribery meeting in Paris on Wednesday. Transparency International, the London- based Corruption Watch and other groups...

  • SAO PAULO/ BRASILIA, March 14- Any decision to arrest Brazil's former President Luiz Inacio Lula da Silva will be made by Federal Judge Sergio Moro, who oversees a sweeping investigation into kickbacks at state-run oil firm Petrobras and approved the detention of dozens of senior executives, a Sao Paulo court ruled on Monday. State prosecutors in Sao Paulo filed...