Crime Bribery

  • Alex Wisidagama, 42, was sentenced in federal court in San Diego after pleading guilty to one count of conspiracy to submit false bills to the Navy. In January 2015, Francis pleaded guilty to bribing Navy officers with cash, prostitutes, luxury travel and high-end electronics for inside information, including ship scheduling, and to steer business to his...

  • March 18- U.S. prosecutors investigating allegations of bribery by Wal-Mart Stores Inc across the globe have found little evidence of corrupt practices in China, Bloomberg reported. The U.S. Department of Justice has been conducting a years-long investigation into potential misconduct by Wal-Mart in some overseas markets, including China, Brazil, India and...

  • March 17- A sales consultant told Brazilian prosecutors he believes planemaker Embraer SA's top officials, including Chief Executive Frederico Curado, knew of illicit payments related to the sale of military aircraft to the Dominican Republic, the Wall Street Journal reported. Embraer is under investigation by the U.S. and Brazilian authorities for...

  • *Andrew Witty to retire on March 31, 2017. LONDON, March 17- GlaxoSmithKline said on Thursday its Chief Executive Andrew Witty would retire in 12 months after leading the British drugmaker through a series of changes since 2008 that have failed to ignite the share price. His reputation was further tarnished by a damaging bribery scandal in China that landed GSK...

  • March 17- A sales consultant told Brazilian prosecutors he believes planemaker Embraer SA's top officials, including Chief Executive Frederico Curado, knew of illicit payments related to the sale of military aircraft to the Dominican Republic, the Wall Street Journal reported. Embraer is under investigation by the U.S. and Brazilian authorities for...

  • SAO PAULO, March 15- The testimony released on Tuesday of a prominent Brazilian senator is leading prosecutors in the widening corruption scandal beyond the graft-ridden oil and electric sector that have been their main focus and into the ethanol industry. The testimony says former chief executive of Petrobras, Philippe Reichstul helped direct funds from...

  • SAO PAULO, March 15- The testimony released on Tuesday of a prominent Brazilian senator is leading prosecutors in the widening corruption scandal beyond the graft-ridden oil and electric sector that have been their main focus and into the ethanol industry. The testimony says former chief executive of Petrobras, Phillipe Reichstul helped direct funds from...

  • NEW YORK, March 15- Anti-bribery groups are raising concerns about governments expanding the use of deals that let companies accused of crimes avoid prosecution if they promise to implement reforms and pay heavy fines, ahead of an OECD anti-bribery meeting in Paris on Wednesday. Transparency International, the London- based Corruption Watch and other groups...

  • SAO PAULO/ BRASILIA, March 14- Any decision to arrest Brazil's former President Luiz Inacio Lula da Silva will be made by Federal Judge Sergio Moro, who oversees a sweeping investigation into kickbacks at state-run oil firm Petrobras and approved the detention of dozens of senior executives, a Sao Paulo court ruled on Monday. State prosecutors in Sao Paulo filed...

  • BRASILIA, March 11- Graft money skimmed from overpriced contracts to build the Belo Monte hydroelectric dam in the Amazon funded President Dilma Rousseff's 2010 and 2014 election campaigns, a ruling Workers' Party senator has testified according to newsweekly IstoE. In plea bargain statements to prosecutors, Amaral said a graft scheme mounted during the...

  • BUENOS AIRES, March 9- Argentina is investigating whether the local unit of Odebrecht paid bribes to government officials, an Argentine prosecutor said on Wednesday, deepening the regional fallout from the biggest corruption scandal in Brazil's history. The probe laid out by Sergio Rodriguez, the lead prosecutor on public administration investigations, is...

  • Corruption probes eventually good for Brazil

    Brian Winter, AS/COA Vice President of Policy and Americas Quarterly Editor-in-Chief, discusses former Brazilian president Lula da Silva's detention, and the ongoing corruption probes in the country.

  • Lula's detention@ SAO PAULO, March 4- Brazil's stocks and currency looked set to end the week with their biggest gain in almost eight years after police detained former president Luiz Inacio Lula da Silva for questioning on Friday in an investigation of a bribery and money laundering scheme. "Maybe this is helping Brazilian assets because of the idea that it will...

  • NEW YORK/ LONDON, March 4- The arrest of former Brazilian president Luiz Inacio Lula da Silva fueled a massive market rally but once the euphoria fades, investors will still face concerns about political chaos and an economy mired in a deep recession. Lula's detention for questioning in a bribery and money laundering probe and the move's dire implications for...

  • detention@ NEW YORK, March 4- Brazil's stock market and currency surged to their highest in at least six months after police detained former president Luiz Inacio Lula da Silva for questioning on Friday in an investigation of a bribery and money laundering scheme. A London- listed Brazilian exchange traded equity fund jumped more than 11.0 percent to a...

  • BRASILIA, March 3- Brazilian President Dilma Rousseff lashed out on Thursday at the leaking of testimony to the media after a newsweekly published allegations linking her and her mentor, ex-President Luiz Inacio Lula da Silva, to a giant graft probe roiling Brazil. The magazine IstoE reported that ruling party Senator Delcidio Amaral, a key legislative ally...

  • BRASILIA, March 3- Brazil's Supreme Court voted 10-0 on Thursday to accept corruption and money laundering charges against lower house speaker Eduardo Cunha, putting him on trial for allegedly accepting bribes on contracts for two drill ships leased by state oil company Petrobras.

  • BRASILIA, March 3- Brazilian ruling party Senator Delcidio do Amaral has implicated President Dilma Rousseff and ex-President Luiz Inacio Lula da Silva in the Petrobras graft scandal as part of a plea bargain with prosecutors, local media reported on Thursday. Amaral was the leader of the Workers' Party in the Senate and Rousseff's point man on economic policy...

  • NEW YORK, March 3- A New Jersey pastor was indicted on Thursday for an alleged bribery scheme involving a bitcoin exchange owned by an Israeli man linked to cyber attacks on JPMorgan Chase& Co and other companies. Trevon Gross, the pastor and former chairman of the Helping Other People Excel Federal Credit Union of Jackson, New Jersey, was charged with receiving...

  • BRASILIA, March 3- Brazilian ruling party Senator Delcido do Amaral, arrested in November on obstruction of justice charges, has agreed to a plea bargain implicating President Dilma Rousseff and ex-President Luiz Inacio Lula da Silva in the Petrobras graft scandal, local media reported on Thursday. O Estado did not identify sources for its information but...