Crime Bribery

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  • WILMINGTON, Del., May 13- A Delaware judge on Friday dismissed a lawsuit by Wal-Mart Stores Inc. shareholders who accused the board of the world's largest retailer of trying to cover up bribes paid by company executives in Mexico. Chancellor Andre Bouchard of the Court of Chancery in Wilmington said an earlier dismissal by an Arkansas judge of a nearly identical...

  • WILMINGTON, Del., May 13- A Delaware judge on Friday dismissed a lawsuit by Wal-Mart Stores Inc. shareholders who accused the board of the world's largest retailer of trying to cover up bribes paid by company executives in Mexico. Chancellor Andre Bouchard of the Court of Chancery in Wilmington said an earlier dismissal by an Arkansas judge of a nearly identical...

  • OTTAWA/ NEW YORK, April 29- Canada's top court ruled on Friday that the World Bank did not need to turn over documents sought in a case against former employees of SNC-Lavalin accused of bribery, finding the international organization had immunity from the request. The Supreme Court of Canada overturned a lower court order from 2014 that said the World Bank...

  • OTTAWA/ NEW YORK, April 29- The Supreme Court of Canada ruled on Friday that the World Bank did not need to turn over documents sought in a case against former employees of SNC-Lavalin Group Inc accused of bribery. The World Bank barred SNC from participating in World Bank- funded projects for 10 years after conducting an investigation into corruption...

  • BRASILIA, April 28- Brazil's comptroller general said it had barred builder Mendes Junior Engenharia from public tenders for at least two years on Thursday, making it the first engineering company to be penalized for involvement in the Petrobras corruption scheme. Mendes is one of about 30 companies implicated in the bribery and kickback investigation that...

  • NEW YORK, April 21- A Florida man was arrested on Thursday for participating in a bribery scheme aimed at supporting an illegal bitcoin exchange operated by his son and owned by an Israeli behind a series of hacking attacks on organizations such as JPMorgan Chase& Co.. Michael Murgio, who serves on a school board in Palm Beach County, was charged in an indictment...

  • NEW YORK, April 21- A Florida man was arrested on Thursday for participating in a bribery scheme aimed at supporting an illegal bitcoin exchange operated by his son and owned by an Israeli behind a series of hacking attacks on organizations such as JPMorgan Chase& Co.. Michael Murgio, who serves on a school board in Palm Beach County, was charged in an indictment...

  • ZURICH, April 21- Novartis Chief Executive Joe Jimenez said on Thursday bribery allegations against the drugmaker were legacy issues and it had set aside enough money to cover any penalties. The drugmaker has disputed the allegations, which were filed in 2013, but now faces an investigation in Turkey after an anonymous whistleblower alleged it paid bribes...

  • April 12- The U.S. Justice Department is in talks with hedge fund Och-Ziff Capital Management Group LLC over a possible criminal guilty plea in relation to a five-year international bribery investigation, the Wall Street Journal reported. Shares of the New York- based firm- one of the few publicly traded hedge fund firms, with $42 billion in assets under...

  • April 12- The U.S. Justice Department is in talks with hedge fund Och-Ziff Capital Management Group LLC over a possible criminal guilty plea in relation to a five-year international bribery investigation, the Wall Street Journal reported. Federal authorities are pushing the New York- based firm to plead guilty in what would be a rare move for a big financial...

  • MILAN, April 7- An Italian appeals court sentenced former Finmeccanica chief executive Giuseppe Orsi to four and a half years in prison on Thursday for corruption and falsifying invoices, overturning a previous lower court ruling. The trial concerned alleged bribes in a 560 million-euro contract awarded to Finmeccanica unit AgustaWestland in 2010 to...

  • The SEC official did not elaborate on what the agency was reviewing in the leaked documents of Panamanian law firm Mossak Fonseca. It also plays a lesser-known but critical role in many cases of bribery and corruption involving public officials and corporations subject to SEC oversight under the FCPA. "There will be much for the SEC to review" in the massive leak...

  • Global corruption crackdown

    Richard Bistrong of Front-Line Anti-Bribery, and Frank Vogl, author of "Waging War on Corruption," discuss the fight against corruption internationally in the wake of the scandal with Unaoil.

  • SAO PAULO, April 1- Brazilian police detained former leaders of the ruling Workers' Party over an allegedly fraudulent loan on Friday, the latest stage of a sweeping corruption investigation centered on state-run oil company with Petroleo Brasileiro SA. The two-year old investigation has uncovered systemic corruption across multiple companies and the...

  • BRASILIA/ SAO PAULO, March 31- Brazilian prosecutors on Thursday charged Joseph Safra, the world's richest banker, in connection with an alleged scheme to pay bribes to government officials in return for waiving tax debts. Safra, who alongside his family owns Banco Safra SA and a number of private-banking institutions including Switzerland's J Safra Sarasin,...

  • 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,...