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Crime Bribery

  • LIMA, Jan 5- Brazilian engineering conglomerate Odebrecht SA has agreed to pay Peru an initial 30 million soles as it prepares to divulge details on bribes it gave to local officials over a period spanning three presidencies, the attorney general's office said on Thursday. The cash will be deposited in coming days and is only part of what the family-owned...

  • ATHENS, Jan 4- Greek prosecutors have raided the Athens offices of Swiss drugmaker Novartis as part of a probe into bribery allegations, a court official told Reuters on Wednesday. In Switzerland, Novartis said it was aware of the reports from Greece and was seeking further information. In Turkey, an anonymous whistleblower has alleged the company paid bribes...

  • LIMA, Jan 2- Peru has demanded a "significant sum" of cash from Brazilian builder Odebrecht before starting talks toward a plea deal that would reveal the names of officials it bribed over a period spanning three presidencies, the attorney general's office said Monday. Hamilton Castro, lead prosecutor investigating the company, declined to specify how much Peru...

  • SHANGHAI, Dec 31- The chairman of China's Ying Kou Port Group was sentenced to 14 years in prison for accepting around 26.8 million yuan in bribes, said the official Xinhua news agency on Saturday. President Xi Jinping has waged a widespread campaign to wipe out systemic corruption since he came to power in late 2012.. On Friday, China's state prosecutor formally...

  • WASHINGTON, Dec 29- General Cable Corp, a Kentucky- based wire manufacturer, agreed to pay more than $75 million to resolve allegations that it had bribed officials in Angola, Bangladesh and China, the U.S. Justice Department and Securities and Exchange Commission said on Thursday. The company admitted its executives knew outside agents bribed officials in...

  • LIMA, Dec 28- Peru said on Wednesday that Odebrecht SA and other companies involved in corruption will not be able to bid on public work contracts, a week after the Brazilian builder acknowledged distributing $29 million in bribes in the Andean country. The announcement appeared to end Odebrecht's nearly four-decade role as a successful bidder on public work...

  • In a videotaped interview with financial daily Gestion posted online on Tuesday, Kuczynski said some of the $29 million in bribes that Odebrecht recently acknowledged distributing in Peru may have been used to win the pipeline contract in 2014, which would trigger "termination of the contract" if true. Kuczynski said he would apply a clause in the contract for...

  • MARACAIBO, Venezuela, Dec 23- A legal strategy switch by Venezuela's state-owned oil giant PDVSA to portray itself as a victim in a massive bribery scheme detected by the U.S. government is unlikely to lead to compensation and may even backfire. In a case that shook the local oil industry, two prominent Venezuelan oil businessmen were arrested last year in the...

  • LIMA/ QUITO, Dec 22- Politicians and investigators across Latin America demanded more information from Brazil- based construction company Odebrecht on Thursday after it admitted to a decade of immense bribe payments in the region. Guilty pleas on Wednesday from Odebrecht and Braskem SA, the petrochemical company it jointly owns with Brazil's state-run oil...

  • LIMA/ QUITO, Dec 22- Politicians and investigators across Latin America demanded more information from Brazil- based construction giant Odebrecht on Thursday after it admitted to a decade of immense bribe payments in the region. Guilty pleas on Wednesday from Odebrecht and Braskem SA, the petrochemical company it jointly owns with Brazil's state-run oil...

  • LIMA, Dec 22- Peru President Pedro Pablo Kuczynski on Thursday denied any involvement in $20 million in bribes that Brazilian construction giant Odebrecht SA said it paid to an unnamed official to win a public works contract in 2005, when he was prime minister. In a massive plea deal signed in the United States on Wednesday, Odebrecht said it distributed a total...

  • WASHINGTON, Dec 22- Teva Pharmaceutical Industries agreed to pay more than $519 million to settle U.S. criminal and civil allegations that the company bribed overseas officials to gain business for its medications, the U.S. Department of Justice said on Thursday. The company paid millions of dollars in bribes to officials in Mexico, Russia and Ukraine to...

  • The settlement with the Department of Justice and the Securities and Exchange Commission relates to conduct in Ukraine, Mexico and a guilty plea by a subsidiary in Russia, and followed a voluntary investigation, Teva said. Teva agreed to pay more than $236 million in disgorgement and interest to the SEC, in addition to a $283 million penalty in a deferred...

  • Dec 22- Israel's Teva Pharmaceutical Industries Ltd, said on Thursday it had agreed to pay $519 million to resolve charges related to the U.S. The settlement with the Department of Justice and the Securities and Exchange Commission relates to conduct in Ukraine, Mexico and a guilty plea by a subsidiary in Russia, and followed a voluntary investigation, Teva said.

  • Dec 22- Israel's Teva Pharmaceutical Industries Ltd, said on Thursday it had agreed to pay $519 million to resolve charges related to the U.S. The settlement with the Department of Justice and the Securities and Exchange Commission relates to conduct in Ukraine, Mexico and a guilty plea by a subsidiary in Russia, and followed a voluntary investigation, Teva said.

  • *Penalty latest fallout from Brazil's "Operation Car Wash". NEW YORK, Dec 21- Brazil- based construction colossus Odebrecht SA and affiliated petrochemical company Braskem SA agreed on Wednesday to pay at least $3.5 billion, the largest penalty ever in a foreign bribery case, to resolve international charges involving payoffs to Brazil's state oil company and...

  • NEW YORK, Dec 21- Brazilian construction firm Odebrecht SA and affiliated petrochemical company Braskem SA pleaded guilty in a U.S. court on Wednesday to violating American foreign bribery laws as part of a $3.5 billion deal resolving a sweeping corruption probe of Brazil's state oil company. The companies entered their pleas in federal court in Brooklyn in...

  • NEW YORK, Dec 21- Brazilian construction firm Odebrecht SA and affiliated petrochemical company Braskem SA pleaded guilty in a U.S. court on Wednesday to violating American foreign bribery laws as part of a more than $3 billion deal resolving a sweeping corruption probe of Brazil's state oil company. They are the first guilty pleas in the United States...

  • NEW YORK, Dec 21- Brazilian construction firm Odebrecht SA and affiliated petrochemical company Braskem SA pleaded guilty in a U.S. court on Wednesday to violating American foreign bribery laws as part of a deal resolving a sweeping corruption probe of Brazil's state oil company.

  • Two Brazilian companies to pay at least $2.6B in plea deal

    CNBC's Dominic Chu reports that two Brazilian companies are set to plead guilty in a criminal case involving bribery and corruption.