Crime Bribery

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  • BRASILIA, May 23- Brazilian federal police on Monday arrested a former treasurer of one of the parties in the country's ruling coalition as part of a wide-ranging graft probe centered on state-run oil company Petrobras, prosecutors said. João Cláudio Genu, a former treasurer of the Progressive Party, is accused of receiving about 1 million reais in bribes to...

  • *Guinea, Liberia launch probes into allegations. CONAKRY, May 20- Guinea will work with Global Witness to gather evidence for a judicial investigation into allegations by the watchdog group that Sable Mining Africa Ltd provided money used for bribes to further its business interests, a government spokesman said. Global Witness said in a report last week that...

  • LONDON, May 19- Britain's Serious Fraud Office has widened its investigation into Rolls-Royce to examine allegations of suspected bribery in Nigeria, the Financial Times reported on Thursday. The FT said on Thursday this had now spread to examine Rolls-Royce's former energy operations in Nigeria. The FT cited people familiar with the situation as saying the...

  • LONDON, May 19- Britain's Serious Fraud Office has widened its investigation into Rolls-Royce to examine allegations of suspected bribery in Nigeria, the Financial Times reported on Thursday. The FT said on Thursday this had now spread to examine Rolls-Royce's former energy operations in Nigeria. The FT cited people familiar with the situation as saying the...

  • SAO PAULO— A federal judge in Brazil on Wednesday sentenced a former presidential chief of staff to more than 20 years in prison for involvement in a massive corruption-kickback scheme at state-owned oil company Petrobras. Prosecutors say that more than $2 billion was paid in bribes and other funds by Brazil's biggest construction and engineering firms in...

  • SAO PAULO, May 18- A one-time chief of staff for former Brazilian President Luiz Inacio Lula da Silva was sentenced to 23 years in prison on Wednesday for corruption, money-laundering and conspiracy in a vast bribery scandal at the state-run oil company. Jose Dirceu, a top power broker in the leftist Workers Party that governed Brazil from 2003 until last week,...

  • WILMINGTON, Del., May 13- A Delaware judge on Friday dismissed a lawsuit by Wal-Mart Stores Inc. shareholders who accused the board of the world's largest retailer of trying to cover up bribes paid by company executives in Mexico. Chancellor Andre Bouchard of the Court of Chancery in Wilmington said an earlier dismissal by an Arkansas judge of a nearly identical...

  • WILMINGTON, Del., May 13- A Delaware judge on Friday dismissed a lawsuit by Wal-Mart Stores Inc. shareholders who accused the board of the world's largest retailer of trying to cover up bribes paid by company executives in Mexico. Chancellor Andre Bouchard of the Court of Chancery in Wilmington said an earlier dismissal by an Arkansas judge of a nearly identical...

  • OTTAWA/ NEW YORK, April 29- Canada's top court ruled on Friday that the World Bank did not need to turn over documents sought in a case against former employees of SNC-Lavalin accused of bribery, finding the international organization had immunity from the request. The Supreme Court of Canada overturned a lower court order from 2014 that said the World Bank...

  • OTTAWA/ NEW YORK, April 29- The Supreme Court of Canada ruled on Friday that the World Bank did not need to turn over documents sought in a case against former employees of SNC-Lavalin Group Inc accused of bribery. The World Bank barred SNC from participating in World Bank- funded projects for 10 years after conducting an investigation into corruption...

  • BRASILIA, April 28- Brazil's comptroller general said it had barred builder Mendes Junior Engenharia from public tenders for at least two years on Thursday, making it the first engineering company to be penalized for involvement in the Petrobras corruption scheme. Mendes is one of about 30 companies implicated in the bribery and kickback investigation that...

  • NEW YORK, April 21- A Florida man was arrested on Thursday for participating in a bribery scheme aimed at supporting an illegal bitcoin exchange operated by his son and owned by an Israeli behind a series of hacking attacks on organizations such as JPMorgan Chase& Co.. Michael Murgio, who serves on a school board in Palm Beach County, was charged in an indictment...

  • NEW YORK, April 21- A Florida man was arrested on Thursday for participating in a bribery scheme aimed at supporting an illegal bitcoin exchange operated by his son and owned by an Israeli behind a series of hacking attacks on organizations such as JPMorgan Chase& Co.. Michael Murgio, who serves on a school board in Palm Beach County, was charged in an indictment...

  • ZURICH, April 21- Novartis Chief Executive Joe Jimenez said on Thursday bribery allegations against the drugmaker were legacy issues and it had set aside enough money to cover any penalties. The drugmaker has disputed the allegations, which were filed in 2013, but now faces an investigation in Turkey after an anonymous whistleblower alleged it paid bribes...

  • April 12- The U.S. Justice Department is in talks with hedge fund Och-Ziff Capital Management Group LLC over a possible criminal guilty plea in relation to a five-year international bribery investigation, the Wall Street Journal reported. Shares of the New York- based firm- one of the few publicly traded hedge fund firms, with $42 billion in assets under...

  • April 12- The U.S. Justice Department is in talks with hedge fund Och-Ziff Capital Management Group LLC over a possible criminal guilty plea in relation to a five-year international bribery investigation, the Wall Street Journal reported. Federal authorities are pushing the New York- based firm to plead guilty in what would be a rare move for a big financial...

  • MILAN, April 7- An Italian appeals court sentenced former Finmeccanica chief executive Giuseppe Orsi to four and a half years in prison on Thursday for corruption and falsifying invoices, overturning a previous lower court ruling. The trial concerned alleged bribes in a 560 million-euro contract awarded to Finmeccanica unit AgustaWestland in 2010 to...

  • The SEC official did not elaborate on what the agency was reviewing in the leaked documents of Panamanian law firm Mossak Fonseca. It also plays a lesser-known but critical role in many cases of bribery and corruption involving public officials and corporations subject to SEC oversight under the FCPA. "There will be much for the SEC to review" in the massive leak...

  • Global corruption crackdown

    Richard Bistrong of Front-Line Anti-Bribery, and Frank Vogl, author of "Waging War on Corruption," discuss the fight against corruption internationally in the wake of the scandal with Unaoil.

  • SAO PAULO, April 1- Brazilian police detained former leaders of the ruling Workers' Party over an allegedly fraudulent loan on Friday, the latest stage of a sweeping corruption investigation centered on state-run oil company with Petroleo Brasileiro SA. The two-year old investigation has uncovered systemic corruption across multiple companies and the...