Crime Bribery

  • NEW YORK— A federal judge has granted class-action status to Wal-Mart investors suing the world's largest retailer over allegations that it covered up a bribery scheme in Mexico to help its business there. District Judge Susan Hickey in Fayetteville, Arkansas, dismissed Wal-Mart's argument that a Michigan retirement fund could not lead a class-action suit...

  • Andrew Cuomo once likened to a brother was among eight men arrested Thursday in a bribery and fraud case that threatens to tarnish Cuomo's efforts to spur the upstate economy and darken a reputation that until now has been spared from a federal prosecutor's anti-corruption crusade. Some of the most serious allegations in a Manhattan federal court criminal...

  • RIO DE JANEIRO— The ex-finance minister under Brazilian presidents Dilma Rousseff and Luiz Inacio Lula da Silva was arrested Thursday in the corruption scandal at state-run oil giant Petrobras, but a judge allowed him to be freed while his wife had cancer surgery. Mantega has been accused of asking tycoon Eike Batista for bribes on behalf of the Workers' Party...

  • RIO DE JANEIRO— Brazil's state-run oil company is further slashing its investment plans by one fourth less than a year after similar cuts as oil prices fall and a corruption probe widens. Petrobras says in a statement Tuesday that it will invest $74.1 billion between 2017 and 2021, a 25 percent drop from the $98.4 billion promised between 2015 and 2019.

  • Former Glenn Defense Marine Asia executives Neil Peterson and Linda Raja in an indictment unsealed Wednesday are accused of submitting false claims totaling more than $5 million to the Navy. The company's CEO Leonard "Fat Leonard" Francis is awaiting sentencing after pleading guilty to bribing Navy officials with more than $500,000 in cash, prostitutes,...

  • BRASILIA, Sept 12- Two weeks after the removal of Dilma Rousseff as Brazil's president, the lower house of Congress on Monday expelled the lawmaker who engineered her impeachment for lying about secret bank accounts in Switzerland. "This shows that Brazil will no longer tolerate a politician who turned Congress into a business counter for bribes and favors,"...

  • BRASILIA, Sept 5- Brazil on Monday banned IESA Oil& Gas from government work for paying bribes, the third construction and engineering company barred in the massive graft and political kickbacks scandal involving contracts with state oil company Petrobras. The Ministry of Transparency, Brazil's primary anti-corruption agency, said IESA would not be able to...

  • RIO DE JANEIRO, Sept 1- Federal prosecutors in Brazil rejected a $328.2 million deal on Thursday allowing Dutch oil-ship lessor SBM Offshore NV to avoid prosecution for corruption related to its contracts with state-led oil company Petrobras. A series of widening investigations that began in 2014 have shown that Petrobras officials conspired with major...

  • U.S. regulators said AstraZeneca will pay $5.52 million to resolve a foreign bribery probe into improper payments by its sales and marketing staff.

  • Neither the SEC nor Justice Department responded to requests for comment. The SEC said that AstraZeneca through at least 2010 failed to devise and maintain a system of internal accounting controls relating to its subsidiaries' interactions with Chinese and Russian government officials. AstraZeneca also falsely recorded the improper payments in China...

  • NEW YORK, Aug 17- Two former Insys Therapeutics Inc employees pleaded not guilty on Wednesday to charges that they engaged in a scheme to pay doctors kickbacks including speaker fees to prescribe a drug containing the opioid fentanyl. Jonathan Roper, a former Insys district sales manager, and Fernando Serrano, a former sales representative, entered their pleas...

  • NEW YORK, Aug 16- A Gabonese man who consulted for a joint venture involving a U.S. hedge fund was arrested on Tuesday on charges that he participated in a scheme to bribe officials in Africa to obtain mining rights. Och-Ziff that same month formed a joint venture in Africa with Palladino Holdings Ltd, an investment vehicle incorporated in the Turks and Caicos...

  • NEW YORK, Aug 16- A Gabonese man who consulted for a joint venture involving a U.S. hedge fund was arrested on Tuesday on charges that he participated in a scheme to bribe officials in Africa to obtain mining rights. Och-Ziff that same month formed a joint venture in Africa with Palladino Holdings Ltd, an investment vehicle incorporated in the Turks and Caicos...

  • NEW YORK, Aug 16- A Gabonese man who consulted for a joint venture involving a U.S. hedge fund was arrested on Tuesday on charges that he participated in a scheme to bribe officials in Africa to obtain mineral concessions.

  • *Six current or former employees indicted. ZURICH, Aug 11- Novartis employees in South Korea gave kickbacks to doctors including paying for their travel abroad, the Swiss drugmaker said on Thursday as it faces scrutiny over illegal practices to boost sales. The Basel- based company confirmed media reports that six current or former employees had been indicted...

  • NEW YORK, Aug 8- Chevron Corp persuaded a federal appeals court on Monday to block enforcement in the United States of an $8.65 billion Ecuadorean pollution judgment that it said, and which the court agreed, was obtained through bribery and fraud. The 2nd U.S. Circuit Court of Appeals in Manhattan upheld a lower court ruling against the American lawyer Steven...

  • LONDON, Aug 8- European stock markets rose on Monday, propped up by gains in the shares of major banks. Airbus shares fell 1.7 percent after Britain's Serious Fraud Office launched a formal investigation into suspected fraud, bribery and corruption in connection with its commercial plane sales. "There's plenty of confidence over in the States, and that's been...

  • PARIS, Aug 7- Britain's Serious Fraud Office has launched a formal investigation into suspected fraud, bribery and corruption in connection with commercial plane sales by Airbus, parent company Airbus Group said on Sunday. A UK government agency this year suspended the issue of export credits to Airbus, citing discrepancies in declarations by the plane maker...

  • PARIS, Aug 7- Britain's Serious Fraud Office has launched a formal investigation into suspected fraud, bribery and corruption in connection with commercial plane sales by Airbus, parent company Airbus Group said on Sunday. The move comes three months after a UK government agency suspended the issue of export credits to Airbus, citing discrepancies in...

  • Aug 3- New Jersey Senate President Stephen Sweeney, the state's top elected Democrat, on Wednesday asked state and federal prosecutors to investigate alleged threats by a labor union that he said amounted to bribery and attempts to corrupt public officials. The New Jersey Education Association threatened to withhold campaign contributions until Sweeney...