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Crime Bribery

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  • FIFA official Valcke hits back over $10 mln transactions Wednesday, 10 Jun 2015 | 5:39 AM ET

    SAMARA, Russia, June 10- FIFA Secretary General Jerome Valcke Valcke on Wednesday dismissed allegations of wrongdoing over $10 million in bank transactions that are under investigation by U.S. authorities. The transactions are central to a U.S. bribery investigation against soccer's governing body. In an emotional appearance at a news conference in the...

  • SHANGHAI, June 9- A British corporate investigator linked to a bribery scandal in China involving drugmaker GlaxoSmithKline PLC is to be released early from a 2 1/ 2- year sentence in a Chinese jail, a source close to his family said on Tuesday. The case was intertwined with an investigation of GSK in China which rocked the country's pharmaceutical market and led...

  • HONG KONG, June 4- Hong Kong's banking regulator has said that banks in the city need to step-up anti-money laundering efforts, and has warned it would not hesitate to sanction lapses in detecting dirty money in the wake of the FIFA bribery scandal. The indictment specifically mentioned $1.2 million being wired to an unnamed bank account at HSBC in Hong Kong.

  • Singapore arrests match-fixers for SEA Games football Tuesday, 2 Jun 2015 | 12:45 AM ET
    Singapore arrests match-fixers for SEA Games football

    Jeffrey Seah, CEO - South East Asia at Starcom MediaVest Group, discusses news that four men were charged over the weekend for trying to manipulate a SEA Games football match.

  • FIFA's Blatter: I can't watch everyone all the time Thursday, 28 May 2015 | 12:12 PM ET
    FIFA President Joseph Sepp Blatter.

    Sepp Blatter insisted he cannot be responsible for keeping corruption from happening and said he should be re-elected as FIFA president.

  • FIFA officials corrupted hosting decisions: Lynch Wednesday, 27 May 2015 | 10:57 AM ET
    President of International governing body of association football FIFA Sepp Blatter.

    "They corrupted the business of worldwide soccer," AG Loretta Lynch said of FIFA officials charged in a 46-count indictment.

  • May 25- A labor-affiliated pension fund adviser is seeking an inquest into the auditor of Wal Mart Stores Inc, Ernst& Young LLP, accusing the auditing firm of knowing about possible bribery in Mexico long before the retailer disclosed it to U.S. authorities. CtW Investment Group, an adviser to union pension funds holding about 0.15 percent of Wal-Mart's shares,...

  • May 20- BHP Billiton has agreed to pay $25 million to settle U.S. regulatory charges that it improperly sponsored the attendance of foreign government officials at the 2008 Summer Olympics in Beijing. The U.S. Securities and Exchange Commission accused BHP of violating the Foreign Corrupt Practices Act, a U.S. anti-bribery law, by enabling foreign government...

  • SAO PAULO, May 7- German engineering firm Bilfinger has become the first international company to disclose to Brazil that it may have paid bribes as it seeks leniency under a new anti-corruption law, Comptroller General Valdir Simão said on Thursday. By reporting potential graft to the comptroller, known by the acronym CGU, Bilfinger hopes to continue...

  • Siemens, regulator deny China bribery report Tuesday, 5 May 2015 | 10:55 AM ET

    SHANGHAI, May 5- Siemens AG and China's State Administration for Industry and Commerce, a competition regulator, denied a Reuters report that the SAIC investigated the German group's healthcare unit and its dealers for "commercial bribery". "The SAIC has not launched a commercial bribery investigation into Siemens Healthcare Unit," a spokesperson for the...

  • SAO PAULO, May 4- Recent setbacks for prosecutors in a huge corruption scheme at Brazil's state-run oil company Petroleo Brasileiro SA suggest they will struggle to win as many convictions as they seek. The Supreme Court's decision last week to release from jail nine executives at construction companies suspected of paying bribes in the scheme, and put them...

  • NEW YORK, May 1- U.S. authorities said on Friday that a unit of Express Scripts Holding Co will pay $60 million to resolve claims that it participated in a kickback scheme with Novartis AG to boost sales of a drug that led to improper government reimbursements. Specialty pharmacy Accredo Health Group Inc has agreed to pay $45.1 million to the federal government...

  • NEW YORK, May 1- A unit of pharmacy benefits manager Express Scripts Holding Co will pay $45 million to resolve U.S. claims it participated in a kickback scheme with Novartis AG to boost sales of a drug that led to improper government reimbursements. The settlement with specialty pharmacy Accredo Health Group Inc was disclosed in court papers filed Thursday in...

  • BRASILIA, April 23- Royal Dutch Shell Plc has taken into account the risks presented by the Petrobras graft scandal to its expanding operations in Brazil and is confident the Brazilian state-run oil company will emerge stronger, Shell's CEO said on Thursday. Van Beurden briefed Brazilian President Dilma Rousseff for 1-1/ 2 hours on Thursday on his company's...

  • RIO DE JANEIRO, April 22- Brazilian state-run oil company Petrobras reported its biggest-ever loss on Wednesday, the result of a 50.8- billion-real write-down in the wake of a massive corruption scandal. A widening international probe of contract fixing, bribery and political kickbacks at the company, formally called Petroleo Brasileiro SA, led to lengthy...

  • Judge Sergio Moro also convicted black-market money dealer Alberto Youssef for laundering bribe money and sentenced him to nine years and two months in prison. It was initially the arrest of Youssef and then of Costa in March last year that set off the multibillion-dollar political kickback scandal, Brazil's biggest ever. Since the arrests of Youssef and...

  • Turmoil at Petrobras Wednesday, 22 Apr 2015 | 9:47 AM ET
    Turmoil at Petrobras

    Roughly 50 people have been arrested or charged in the Petrobras bribery scandal, reports CNBC's Michelle Caruso-Cabrera.

  • ITABORAÍ, Brazil, April 20- For the 20 men hanging on at the Pousada do Trabalhador, a 600- bed boarding house on the dusty outskirts of this boom town northeast of Rio de Janeiro, the dream that Brazil's oil wealth would bring a better life was over. The men are the latest victims of Brazil's biggest-ever corruption scandal, a multi-billion dollar graft scheme...

  • CURITIBA, Brazil, April 15- Brazilian police on Wednesday arrested the treasurer of the ruling Workers' Party Joao Vaccari, moving an investigation of graft and political kickbacks at state-run oil company Petrobras closer to President Dilma Rousseff's inner circle. He said all campaign donations to the Workers' Party from the construction and engineering...

  • BEIJING, April 13- The former head of CNPC, China's top energy group, on Monday admitted his guilt and asked for leniency at the opening of his trial on charges of bribery and abuse of power, the latest in a string of top officials caught in an anti-graft campaign. Scores of senior figures in the ruling Communist Party, the military and state-owned enterprises have...