Crime Bribery

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  • AMSTERDAM, July 20- A Dutch court has ordered the confiscation of 123 million euros in assets from a Dutch-based company that prosecutors alleged was used by two telecoms companies to bribe Gulnara Karimova, the elder daughter of Uzbekistan's president, to secure local operating licenses. The Amsterdam court said in a ruling it had found that the company,...

  • SAO PAULO, July 15- Brazil's federal prosecutors and state-controlled oil company Petroleo Brasileiro SA said they signed a leniency deal on Friday with Netherlands shipleasing firm SBM Offshore NV aimed at obtaining more evidence in the South American country's widest-ever corruption probe. SBM, which has been accused of paying bribes to executives of...

  • Johnson Controls is the third company to publicly settle with the Justice Department under that agency's pilot program to encourage companies to report bribery violations, in return for reduced penalties. According to the SEC, from 2007 to 2013 roughly 19 workers at Johnson Controls' Chinese marine subsidiary used sham vendors to make roughly $4.9 million...

  • According to the SEC, from 2007 to 2013 roughly 19 workers at Johnson Controls' Chinese marine subsidiary used sham vendors to make roughly $4.9 million of improper payments. The SEC said Johnson Controls improperly recorded the payments on its books and lacked sufficient controls to detect the payments. Without admitting wrongdoing, Johnson Controls...

  • July 8- Two former executives at New Jersey- based construction management company Louis Berger have been sentenced for their roles in a scheme to secure government contracts by bribing foreign officials, U.S. prosecutors said. Their sentencing capped an investigation into what the U.S. Justice Department called a long-running bribery scheme at Louis...

  • July 8- Two former executives at New Jersey- based construction management company Louis Berger have been sentenced for their roles in a scheme to secure government contracts by bribing foreign officials, U.S. prosecutors said. Their sentencing capped an investigation into what the U.S. Justice Department called a long-running bribery scheme at Louis...

  • RIO DE JANEIRO, July 6- Brazilian police arrested 19 people on Wednesday as part of a probe into a graft scheme at a nuclear power plant owned by state-led utility Eletrobras that has allegedly paid out more than 200 million reais in bribes. The alleged bribes were paid to senior executives of Eletronuclear, the nuclear power unit of Centrais Eletricas...

  • SEOUL, July 4- South Korean prosecutors conducting a bribery investigation on Monday requested a detention warrant for the daughter of the founder of South Korea's Lotte Group conglomerate, Yonhap News Agency reported, citing the prosecutors' office. Prosecutors have been investigating whether Shin Young- ja, who is also a director of Lotte Group's hotel unit,...

  • NEW YORK, June 28- Investors suing Brazil's state-run oil firm Petrobras to recoup billions of dollars in losses argued on Tuesday that the arrests and plea deals of top company executives prove that it knew of a massive bribery and political kickback scheme. District Judge Jed Rakoff in Manhattan to rule, ahead of a trial set for Sept. 19, on claims that the company...

  • SAO PAULO, June 22- Several graft and bribes probes into Centrais Elétricas Brasileiras SA could delay asset sale plans at Brazil's state-controlled power holding company, analysts and lawyers said on Wednesday, underscoring mounting caution among potential buyers. The asset sale plan is seen as key to help rebalance the finances of Eletrobras after the...

  • Roberto Rincon, 55, pleaded guilty in federal court in Houston to two counts including conspiracy to violate the Foreign Corrupt Practices Act over his role in a scheme involving officials at Petroleos de Venezuela S.A.. Rincon, who was president of Texas- based Tradequip Services& Marine, was arrested in December along with another Venezuelan businessman,...

  • BRASILIA, June 16- Brazil's tourism minister resigned on Thursday, less than two months before the country hosts the Olympics, as the government of interim President Michel Temer lost its third minister in a month to a sweeping graft probe of state oil company Petrobras. Tourism Minister Henrique Alves was one of two dozen officials named in plea bargain...

  • Roberto Rincon, 55, pleaded guilty in federal court in Houston to two counts including conspiracy to violate the Foreign Corrupt Practices Act over his role in a scheme involving officials at Petroleos de Venezuela S.A.. Rincon, who was president of Texas- based Tradequip Services& Marine, was arrested in December along with another Venezuelan businessman,...

  • Roberto Rincon, 55, pleaded guilty in federal court in Houston to two counts including conspiracy to violate the Foreign Corrupt Practices Act over his role in a scheme involving officials at Petroleos de Venezuela S.A..

  • VENEZUELAN BUSINESSMAN ROBERTO RINCON PLEADS GUILTY TO CHARGES RELATED TO BRIBERY SCHEME INVOLVING PDVSA- U.S.

  • NEW YORK, June 14- U.S. hedge fund Platinum Partners is returning the majority of its assets to clients following the arrest of a longtime associate on allegations he orchestrated a $60,000 cash bribe to secure an investment from a New York city union. New York- based Platinum told investors on a conference call on Tuesday that recent negative media attention and...

  • *Hotel Lotte cuts IPO price, pushes back listing. *Hotel Lotte earns 86 pct of revenue from duty free. SEOUL, June 10- For investors eyeing Hotel Lotte's $4.6 billion IPO, the clearest risk posed by a bribery investigation that forced it to delay and cut the price of its deal is the potential harm to its bid for a coveted duty free retail license in downtown Seoul.

  • *Hotel Lotte cuts IPO price, pushes back listing. *Hotel Lotte earns 86 pct of revenue from duty free. SEOUL, June 10- For investors eyeing Hotel Lotte's $4.6 billion IPO, the clearest risk posed by a bribery investigation that forced it to delay and cut the price of its deal is the potential harm to its bid for a coveted duty free retail licence in downtown Seoul.

  • NEW YORK, June 9- Valeant Pharmaceuticals International Inc will pay $54 million to settle civil charges that its Salix unit paid illegal kickbacks to induce doctors to prescribe seven of its products, causing the submission of thousands of fraudulent reimbursement claims to the U.S. government. The accord announced on Thursday by the U.S. Department of...

  • NEW YORK, June 9- The United States has joined a whistleblower lawsuit accusing the Salix unit of Valeant Pharmaceuticals International Inc of paying illegal kickbacks to doctors and submitting fraudulent reimbursement claims to the government. In a complaint made public on Thursday in the U.S. District Court in Manhattan, the government said Salix...