Crime Bribery

  • RIO DE JANEIRO, July 6- Brazilian police arrested 19 people on Wednesday as part of a probe into a graft scheme at a nuclear power plant owned by state-led utility Eletrobras that has allegedly paid out more than 200 million reais in bribes. The alleged bribes were paid to senior executives of Eletronuclear, the nuclear power unit of Centrais Eletricas...

  • SEOUL, July 4- South Korean prosecutors conducting a bribery investigation on Monday requested a detention warrant for the daughter of the founder of South Korea's Lotte Group conglomerate, Yonhap News Agency reported, citing the prosecutors' office. Prosecutors have been investigating whether Shin Young- ja, who is also a director of Lotte Group's hotel unit,...

  • NEW YORK, June 28- Investors suing Brazil's state-run oil firm Petrobras to recoup billions of dollars in losses argued on Tuesday that the arrests and plea deals of top company executives prove that it knew of a massive bribery and political kickback scheme. District Judge Jed Rakoff in Manhattan to rule, ahead of a trial set for Sept. 19, on claims that the company...

  • SAO PAULO, June 22- Several graft and bribes probes into Centrais Elétricas Brasileiras SA could delay asset sale plans at Brazil's state-controlled power holding company, analysts and lawyers said on Wednesday, underscoring mounting caution among potential buyers. The asset sale plan is seen as key to help rebalance the finances of Eletrobras after the...

  • Roberto Rincon, 55, pleaded guilty in federal court in Houston to two counts including conspiracy to violate the Foreign Corrupt Practices Act over his role in a scheme involving officials at Petroleos de Venezuela S.A.. Rincon, who was president of Texas- based Tradequip Services& Marine, was arrested in December along with another Venezuelan businessman,...

  • BRASILIA, June 16- Brazil's tourism minister resigned on Thursday, less than two months before the country hosts the Olympics, as the government of interim President Michel Temer lost its third minister in a month to a sweeping graft probe of state oil company Petrobras. Tourism Minister Henrique Alves was one of two dozen officials named in plea bargain...

  • Roberto Rincon, 55, pleaded guilty in federal court in Houston to two counts including conspiracy to violate the Foreign Corrupt Practices Act over his role in a scheme involving officials at Petroleos de Venezuela S.A.. Rincon, who was president of Texas- based Tradequip Services& Marine, was arrested in December along with another Venezuelan businessman,...

  • Roberto Rincon, 55, pleaded guilty in federal court in Houston to two counts including conspiracy to violate the Foreign Corrupt Practices Act over his role in a scheme involving officials at Petroleos de Venezuela S.A..

  • VENEZUELAN BUSINESSMAN ROBERTO RINCON PLEADS GUILTY TO CHARGES RELATED TO BRIBERY SCHEME INVOLVING PDVSA- U.S.

  • NEW YORK, June 14- U.S. hedge fund Platinum Partners is returning the majority of its assets to clients following the arrest of a longtime associate on allegations he orchestrated a $60,000 cash bribe to secure an investment from a New York city union. New York- based Platinum told investors on a conference call on Tuesday that recent negative media attention and...

  • *Hotel Lotte cuts IPO price, pushes back listing. *Hotel Lotte earns 86 pct of revenue from duty free. SEOUL, June 10- For investors eyeing Hotel Lotte's $4.6 billion IPO, the clearest risk posed by a bribery investigation that forced it to delay and cut the price of its deal is the potential harm to its bid for a coveted duty free retail license in downtown Seoul.

  • *Hotel Lotte cuts IPO price, pushes back listing. *Hotel Lotte earns 86 pct of revenue from duty free. SEOUL, June 10- For investors eyeing Hotel Lotte's $4.6 billion IPO, the clearest risk posed by a bribery investigation that forced it to delay and cut the price of its deal is the potential harm to its bid for a coveted duty free retail licence in downtown Seoul.

  • NEW YORK, June 9- Valeant Pharmaceuticals International Inc will pay $54 million to settle civil charges that its Salix unit paid illegal kickbacks to induce doctors to prescribe seven of its products, causing the submission of thousands of fraudulent reimbursement claims to the U.S. government. The accord announced on Thursday by the U.S. Department of...

  • NEW YORK, June 9- The United States has joined a whistleblower lawsuit accusing the Salix unit of Valeant Pharmaceuticals International Inc of paying illegal kickbacks to doctors and submitting fraudulent reimbursement claims to the government. In a complaint made public on Thursday in the U.S. District Court in Manhattan, the government said Salix...

  • 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...