Crime Bribery

More

  • Feb 16- Two units of Massachusetts- based software company PTC Inc will pay $14.5 million to resolve a probe into whether they improperly provided recreational travel to Chinese officials, the U.S. Department of Justice said on Tuesday. The penalty is part of a non-prosecution agreement the company reached with the Justice Department to resolve possible...

  • *Company sets aside $245 m for settlement in Brazil. The company reached a record $240 million settlement in November 2014 with Dutch and U.S. authorities relating to corruption charges in Angola, Brazil and Equatorial Guinea, over an estimated $200 million in bribes paid between 2007 and 2011.. The company, which generates roughly 60 percent of revenue in...

  • RIO DE JANEIRO, Feb 10- A group of international investors and law firms are seeking compensation from Brazil's state-led oil company Petrobras under European law for losses allegedly suffered as the result of a giant price-fixing, bribery and political kickback scandal. SPCF believes it has a claim against Petrobras under European securities law because...

  • NEW YORK, Feb 4- A suspended deputy United Nations ambassador from the Dominican Republic cannot claim diplomatic immunity to avoid U.S. charges that he participated in a vast bribery scheme, a U.S. judge ruled on Thursday. District Judge Vernon Broderick in Manhattan ruled that as a naturalized U.S. citizen, neither treaty obligations nor federal law entitled...

  • NEW YORK, Feb 4- A suspended deputy United Nations ambassador from the Dominican Republic cannot claim diplomatic immunity to avoid U.S. charges that he participated in a vast bribery scheme, a U.S. judge ruled on Thursday. District Judge Vernon Broderick in Manhattan ruled that as a naturalized U.S. citizen, neither treaty obligations nor federal law entitled...

  • SAO PAULO, Feb 1- An overwhelming majority of Brazilians want an investigation into a sprawling kickback scheme at state-controlled oil producer Petrobras to continue despite concern it is hurting the nation's ailing economy, according to a poll released on Monday. That makes Rousseff the most unpopular president since Brazil's return to democracy three...

  • Federal judge Sergio Moro said Jorge Zelada had unduly awarded U.S. company Vantage Drilling a 2009 contract with Petrobras for the drillship Titanium Explorer in exchange for bribes stashed in undeclared accounts in Monaco and Switzerland. Prosecutors said together Zelada and Musa took $31 million in bribes from Padilha and Hsin Chi Su, chief executive of...

  • RIO DE JANEIRO, Jan 28- Brazil's Petrobras said on Thursday it will cut about one in five management jobs, streamline operations and boost oversight as the state-led oil company adapts to low oil prices and tries to boost confidence after a corruption scandal. Bendine and Petrobras are struggling with a nearly 50 percent decline in the price of oil in the past...

  • SAO PAULO, Jan 27- Beach-side apartments in Brazil may have been used as bribes and to launder money for members of the ruling Workers' Party, police and prosecutors said on Wednesday after ordering six arrests and 15 search warrants. The apartments were held in the name of front companies, such as Murray Holdings LLC that was registered by Panama- based Mossack...

  • KIEV, Jan 26- The manager of Danone Nutricia in Ukraine cannot for legal reasons say whether the Ukrainian tax authorities demanded bribes to drop an audit into his business. Though it has been in Ukraine since 2001, the company, a subsidiary of French food group Danone, was handed a 15-20 percent higher tax bill after auditors spent five weeks looking for minor...

  • The office of Preet Bharara, U.S. attorney of the Southern District of New York, shown here in September, is leading an investigation that centers on alleged bribery by Chinese business people, according to people familiar with the matter.

    U.S. Federal law-enforcement authorities are investigating an alleged bribery scheme tied to the United Nations, the WSJ reported.

  • 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.

  • 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

    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 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.

  • 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.

  • Turmoil at Petrobras

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

  • Alstom to pay $772 million in bribery settlement: Report

    The Justice Department is expected to announce Alstom will plead guilty and pay $772 million in a bribery settlement, reports CNBC's Eamon Javers.

  • Alstom to settle bribery charge: Report

    Alstom is close to settling a bribery charge for more than $500 million with the U.S. Justice Department, reports CNBC's Dominic Chu.

  • corporate bribes, bribery, corporate corruption

    Bribery is alive and well in the developed world, as completion for contracts remains fierce among large global companies.