Crime Bribery

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  • NEW YORK, Sept 25- The Bill& Melinda Gates Foundation Trust has sued Brazil's Petrobras to recoup stock losses stemming from a corruption scandal at the state-run oil company. According to a complaint filed late Thursday night in federal court in Manhattan, Petrobras' "pervasive bribery and money laundering scheme" caused the trust and another plaintiff, WGI...

  • NEW YORK, Sept 25- A billionaire Macau developer arrested for lying to U.S. customs officials about why he brought $4.5 million in cash into the United States was subpoenaed in 2014 as part of a separate foreign bribery investigation, a source familiar with the matter said on Friday. But Ng's name has repeatedly surfaced in a private lawsuit against billionaire...

  • Bill Gates' foundation sues Brazil's Petrobras Friday, 25 Sep 2015 | 10:55 AM ET

    NEW YORK, Sept 25- The Bill& Melinda Gates Foundation has sued Brazil's Petrobras to recoup stock losses stemming from a corruption scandal at the state-run oil company. According to a complaint filed late Thursday night in federal court in Manhattan, Petrobras' "pervasive bribery and money laundering scheme" caused the Gates Foundation and another plaintiff,...

  • SAO PAULO, Sept 21- A massive corruption and political kickback scheme at Brazil's state-run oil company Petrobras started with former president Luiz Inacio Lula da Silva's chief of staff, a lead prosecutor said on Monday. Prosecutor Carlos Fernando dos Santos Lima said the bribery scheme at Petroleo Brasileiro SA, as Petrobras is formally known, had the same...

  • BEIJING, Sept 18- A former general manager of Chinese energy giant Sinopec Group has been expelled from the Communist Party and will be prosecuted for crimes, including bribery and abuse of power, the party's anti-corruption watchdog said on Friday. Sinopec Group is the parent of Sinopec Corp, Asia's largest oil refiner. "Wang Tianpu was a senior leadership cadre...

  • MOSCOW, Sept 14- The chairman of Deutsche Bank's Russia unit will quit Moscow for Germany, the lender has announced, a high-profile departure against the backdrop of an ongoing bribery investigation. Joerg Bongartz, Deutsche Bank's management board chairman and head of global transaction banking in Russia since 2006, will move to Frankfurt to focus on...

  • WASHINGTON, Sept 10- The U.S. Navy has removed contracting suspensions imposed on two former senior executives with Italy's Finmeccanica SpA in February 2014, after they were cleared of bribery charges by an Italian court, according to an attorney representing the two men. Former Finmeccanica Chief Executive Giuseppe Orsi and Bruno Spagnolini, who headed the...

  • WASHINGTON, Sept 10- The U.S. Navy has removed contracting suspensions imposed on two former senior executives with Italy's Finmeccanica SpA in February 2014, after they were cleared of bribery charges by an Italian court, according to an attorney representing the two men. Former Finmeccanica Chief Executive Giuseppe Orsi and Bruno Spagnolini, who headed the...

  • SAO PAULO, Sept 1- The former chief executive of Brazil's nuclear power company was formally charged on Tuesday with accepting bribes in a corruption scheme to loot federal utility Eletrobras by the same kind of overbilling and bribery that occurred at state-run oil company Petrobras. The investigation first focused on price-fixing, bribery and...

  • SAO PAULO, Sept 1- Brazilian federal prosecutors on Tuesday presented formal corruption charges against the head of nuclear power utility Eletronuclear, a division of state-run energy company Centrais Eletricas Brasileiras SA, known as Eletrobras. Da Silva is accused of receiving 4.5 million reais in bribes from engineering firms Andrade Gutierrez and...

  • SAO PAULO, Aug 21- Construction and engineering group Camargo Corrêa SA has agreed to pay 700 million reais to compensate state-run companies for damages related to bribery and price-fixing, prosecutors said on Friday. The funds will mostly go to public companies that were victims of Brazil's largest ever corruption scheme, prosecutors said.

  • NEW YORK/ BEIJING, Aug 20- On China's version of Valentine's Day, big international chocolate makers like Hershey are not feeling the love. The Chinese market is "a challenging one and we're certainly finding that out," the chief financial officer of Hershey Co said on a recent conference call. "People used to buy expensive chocolate as gifts, but now they no longer do...

  • NEW YORK/ BEIJING, Aug 20- On China's version of Valentine's Day, big international chocolate makers like Hershey are not feeling the love. The Chinese market is "a challenging one and we're certainly finding that out," the chief financial officer of Hershey Co said on a recent conference call. "People used to buy expensive chocolate as gifts, but now they no longer do...

  • NEW YORK, Aug 18- Avon Products Inc is seeking approval of a $62 million settlement of a U.S. lawsuit accusing the cosmetics company of defrauding shareholders by concealing its failure to stop workers from bribing officials in China to win business. The proposed settlement was filed on Tuesday with the U.S. District Court in Manhattan and requires a judge's...

  • Petrobras facing heat from Feds Tuesday, 18 Aug 2015 | 6:00 AM ET
    Petrobras facing heat from Feds

    Brazil's Petrobras under investigation for alleged violations of the U.S. Foreign Corrupt Practices Act. May face $1.6 billion in fines. - Reuters.

  • RIO DE JANEIRO/ NEW YORK, Aug 18- Brazil's Petrobras may need to pay record penalties of $1.6 billion or more to settle U.S. criminal and civil probes into its role in a corruption scandal, a person recently briefed by the company's legal advisors told Reuters. State-run Petroleo Brasileiro SA, as the company is formally known, expects to face the largest penalties...

  • SAO PAULO, August 17- A Brazilian judge sentenced Nestor Cervero, former international chief of state-run oil firm Petrobras, to just over 12 years in prison on Monday for corruption and money laundering related to a bribe allegedly paid to the speaker of Brazil's lower house of Congress. Cervero and two other defendants are accused of organizing bribes from...

  • SAO PAULO, Aug 14- More defendants are negotiating and signing plea bargain deals in a massive bribery case focused on Brazil's state-run oil firm Petrobras as federal prosecutors prepare charges against higher-profile suspects, including politicians. Petrobras' former head of corporate services Renato Duque and Fernando Soares, a lobbyist who helped...

  • China's new President Xi Jinping (R) talks with former President Hu Jintao (L) on March 14, 2013 in Beijing, China.

    A top aide to China's ex-president has been arrested and stripped of Communist party membership amid Beijing's anti-corruption purge. The Financial Times reports.

  • 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.