Crime Bribery

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  • BRASILIA, June 9- Brazil has banned the local unit of Swedish construction company Skanska AB from doing government work for at least two years, having accused it of involvement in a bribery and kickback scandal, the Ministry of Transparency said on Thursday. Skanska said it had pulled out of Brazil, indicating the ban will not impact its business.

  • BRASILIA, June 9- Brazil has banned the local unit of Swedish construction company Skanska AB from doing government work for at least two years as a result of alleged in involvement in a bribery and kickback scandal, the government said on Thursday. The Ministry of Transparency and Control said Skanska Brasil Ltda belonged to a cartel that fixed prices on...

  • June 7- Akamai Technologies Inc and Nortek Inc, which voluntarily disclosed to U.S. prosecutors that their units in China had paid bribes, will not be charged because the U.S. companies turned themselves in, U.S. officials said on Tuesday. For firms under investigation for bribery, a written confirmation from the Justice Department declining to prosecute is...

  • SEOUL, June 7- South Korea's Hotel Lotte Co Ltd on Tuesday cut the value of its planned IPO to a maximum 5.26 trillion won and pushed its stock exchange listing to July, after prosecutors opened a bribery investigation into a director. In the prospectus, Hotel Lotte said the bribery probe could harm its reputation and business. Hotel Lotte said it now expects its...

  • SEOUL, June 7- South Korea's Hotel Lotte Co Ltd on Tuesday cut the value of its planned initial public offering, now worth up to 5.26 trillion won, and said a bribery investigation of a company director could affect its business. The company delayed an investor roadshow that was due to begin on Monday after Seoul prosecutors on Thursday raided the offices of its...

  • NEW YORK, June 3- Banco Bradesco SA was sued on Friday in a U.S. court by shareholders who accused it of concealing its involvement in a bribery scheme, an effort to avoid a 3 billion Brazilian reais tax fine, and weaknesses in its internal controls. The lawsuit was filed in the U.S. District Court in Manhattan on behalf of holders of its American depositary shares, and...

  • LONDON, June 2- The global pharmaceuticals industry remains open to corruption abuse, despite a raft of scandals in recent years, with both companies and governments failing to tackle the issue adequately, according to Transparency International. GlaxoSmithKline, for example, paid a record fine of nearly $500 million in 2014 for bribery in China and many...

  • BRASILIA, June 1- Brazil's economy shrank for a fifth straight quarter in early 2016 as a political crisis and sweeping bribery scandal weighed on activity, but the decline was smaller than expected. Brazil's economy shrank 0.3 percent in the first quarter, compared with the fourth quarter, statistics agency IBGE said on Wednesday. Brazil's gross domestic...

  • SAN FRANCISCO, May 31- A former chief officer of Calpers, the nation's largest public pension fund, was sentenced by a federal judge in San Francisco on Tuesday to 4-1/ 2 years in prison on a bribery conviction. Federico Buenrostro, who served as chief executive officer of the California Public Employees' Retirement System from 2002 to 2008, had admitted to...

  • MILAN, May 30- Italian defense company Leonardo Finmeccanica has threatened to reassess its business in India, a few days after New Delhi said it would blacklist the company over the alleged payment of bribes to win a large helicopter contract. Former executives of the state-controlled conglomerate were found guilty last month after being tried in Italy on...

  • BRASILIA, May 30- Brazil's interim President Michel Temer was under pressure on Monday to drop his anti-corruption minister, the second top official in his new government accused of trying to derail a sprawling bribery and kickback probe before taking office. Transparency Minister Fabiano Silveira, the man charged with fighting corruption, and Senate...

  • Below are foreign companies that have appeared in Brazil's largest-ever corruption case named "Operation Car Wash" for a Brasilia gas station where some of the alleged money laundering took place. Petrobras wrote off $2.1 billion in graft losses, though federal police and prosecutors believe the amount siphoned from the company for more than a decade could...

  • ODESSA, Ukraine, May 27- The head of customs at the Black Sea port of Odessa says her job used to be such a money-spinner the going bribe for securing it was $5 million. "I talked to officials who worked at the Odessa customs before... and I heard that the bribe to be a chief of Odessa customs was about 5 million dollars," she said. Her account points to a delicate balance of...

  • MONROVIA, May 25- A grand jury in Liberia has indicted government officials, including the speaker of parliament and the head of the ruling party, along with London AIM-listed Sable Mining on charges including bribery. In a statement released on Thursday, Sable Mining said it had noted "the recent media comment and speculation regarding allegations of bribery...

  • RIO DE JANEIRO/ SAO PAULO, May 24- Brazilian police said on Tuesday they investigated local units of three international steelmakers in a second-straight day of raids probing graft at the country's state-controlled oil producer, Petroleo Brasileiro SA. Police and prosecutors allege that Apolo Tubulars, which is 50 percent owned by United States Steel, and...

  • BRASILIA, May 23- Brazilian federal police on Monday arrested a former treasurer of one of the parties in the country's ruling coalition as part of a wide-ranging graft probe centered on state-run oil company Petrobras, prosecutors said. João Cláudio Genu, a former treasurer of the Progressive Party, is accused of receiving about 1 million reais in bribes to...

  • *Guinea, Liberia launch probes into allegations. CONAKRY, May 20- Guinea will work with Global Witness to gather evidence for a judicial investigation into allegations by the watchdog group that Sable Mining Africa Ltd provided money used for bribes to further its business interests, a government spokesman said. Global Witness said in a report last week that...

  • LONDON, May 19- Britain's Serious Fraud Office has widened its investigation into Rolls-Royce to examine allegations of suspected bribery in Nigeria, the Financial Times reported on Thursday. The FT said on Thursday this had now spread to examine Rolls-Royce's former energy operations in Nigeria. The FT cited people familiar with the situation as saying the...

  • LONDON, May 19- Britain's Serious Fraud Office has widened its investigation into Rolls-Royce to examine allegations of suspected bribery in Nigeria, the Financial Times reported on Thursday. The FT said on Thursday this had now spread to examine Rolls-Royce's former energy operations in Nigeria. The FT cited people familiar with the situation as saying the...

  • SAO PAULO, May 18- A one-time chief of staff for former Brazilian President Luiz Inacio Lula da Silva was sentenced to 23 years in prison on Wednesday for corruption, money-laundering and conspiracy in a vast bribery scandal at the state-run oil company. Jose Dirceu, a top power broker in the leftist Workers Party that governed Brazil from 2003 until last week,...