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Bribery

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  • Former head of Petrobras testifies in Brazilian Congress Thursday, 26 Mar 2015 | 12:14 PM ET

    SAO PAULO— The former head of Brazil's state-run oil giant Petrobras, told a parliamentary investigative committee Thursday that she and other executives were taken by surprise by the 2014 probe that has revealed a kickback scheme believed to be the largest uncovered in the country's history. "I never knew of any bribes at Petrobras," Maria das Gracas Foster...

  • CINCINNATI— A man extradited from Iraq on military contract bribery charges has pleaded guilty to three charges in an agreement with federal prosecutors, nearly seven years after he was first arrested in Las Vegas and then fled after cutting off an ankle monitor. Court documents trace the case's beginnings to May 2006 in Iraq, when Atilan met a U.S. Air Force...

  • WASHINGTON, March 23- A former executive at Bechtel Corp was sentenced to 3-1/ 2 years in prison on Monday for accepting $5.2 million in kickbacks for state-run power contracts in Egypt. Asem Elgawhary, who lives in Maryland but was a general manager at a joint venture Bechtel ran with Egypt's state-owned electricity company, pleaded guilty in early December to...

  • SAO PAULO, March 20- Brazil's antitrust regulator has secured the cooperation of some engineering firms and executives in the first leniency agreement arising from a bribery scandal at state-run Petrobras, the agency said on Friday. The dozens of companies investigated by various agencies in the multibillion-dollar Petrobras scandal have urged Brazil's...

  • SAO PAULO— Brazil's attorney general said Friday he will ask Congress to approve a series of anti-graft measures to combat the "plague that is corruption." Rodrigo Janot made the proposal just two days after President Dilma Rousseff announced similar measures in the wake of last weekend's massive rallies calling for her impeachment and protesting rampant...

  • CHICAGO— A federal jury found the former owner of a now-shuttered Chicago hospital and two former top administrators guilty on Thursday of taking part in a scheme to pay hundreds of thousands of dollars in bribes to doctors in exchange for referring patients on Medicare and Medicaid to the struggling facility. Edward J. Novak, the onetime owner of Sacred Heart...

  • China indicts former oil boss on corruption charges Thursday, 19 Mar 2015 | 5:07 AM ET

    BEIJING— The former chairman of the stated-owned parent of PetroChina Ltd., Asia's biggest oil producer, was indicted Thursday in a spreading anti-corruption crackdown. Jiang Jiemin was charged with abusing his position at China National Petroleum Corp. and taking bribes, which led to large losses of public money, the national prosecutor's office said in a...

  • BRASILIA, March 18- Brazilian President Dilma Rousseff launched an anti-corruption offensive on Wednesday to counter rising discontent over a kickback scandal engulfing state-run oil company Petrobras that has implicated her allies and undermined her popularity. Her anti-corruption proposals, contained in bills submitted to Congress, include the...

  • RIO DE JANEIRO, March 11- Brazil's Petrobras will receive cash recovered by Brazilian authorities as a result of their investigation of contract-fixing, bribery and political kickbacks at the state-run oil company, court officials said in a statement on Wednesday. Barusco, who told Congress on Tuesday that he and the treasurer of the ruling political party...

  • *100 job roles to move to Singapore. SINGAPORE/ LONDON, March 11- Drugmaker GlaxoSmithKline will establish a new headquarters for Asia in Singapore to make quicker decisions for the region, a move that follows a recent rocky ride in China due to a damaging bribery scandal. GSK has over 700 office-based employees in Singapore and expects an additional 100 roles to...

  • March 11- Drugmaker GlaxoSmithKline said on Wednesday it was establishing a new global headquarters for Asia in Singapore, strengthening its presence in the city-state. Chief Executive Andrew Witty has made emerging markets a priority for GSK since taking over in 2008, but the drugmaker has had a rocky ride recently due to a damaging bribery scandal in China.

  • LONDON, March 6- Drugmaker GlaxoSmithKline, which was fined 3 billion yuan in China last year for bribery, is dismissing 110 employees in the country for misconduct, people familiar with the matter said on Friday. We also engaged an independent legal firm and external consultancies to review our operations in China, "GSK said. The company's annual report,...

  • The overseas witnesses were called by lobbyist Fernando Soares, who prosecutors say was the middleman for alleged bribe payments by the shipbuilder, Samsung Heavy Industries Co Ltd. Neither Samsung Heavy Industries nor its executives have been charged, but prosecutors mentioned evidence the Korean company had paid bribes in corruption and money...

  • BRASILIA, March 3- Brazil's top prosecutor asked the Federal Supreme Court on Tuesday to open investigations into politicians who allegedly benefited from a multibillion-dollar kickback scheme at state-run oil company Petroleo Brasileiro SA, a court official said on Tuesday. Janot's office did not release the names of the politicians to be investigated,...

  • BRASILIA, March 3- Brazil's top prosecutor Rodrigo Janot asked the Supreme Court on Tuesday to open an investigation into 54 politicians who allegedly benefited from a multibillion-dollar kickback scheme at state-run oil company Petroleo Brasileiro SA, a Supreme Court spokesman said on Tuesday. Janot's office did not release the names of the politicians...

  • Former Petrobras executive charged with taking bribes Tuesday, 24 Feb 2015 | 12:37 PM ET

    BRASILIA, Feb 24- Prosecutors on Tuesday accused a former senior Petrobras executive of racketeering, bribery and money laundering through Switzerland and Uruguay in a widening kickback scandal that has engulfed Brazil's state-run oil company. Nestor Cerveró was head of international operations at Petroleo Brasileiro SA, as the company is known, from...

  • SAO PAULO, Feb 20- Some of the companies caught up in a massive corruption scandal at state-run oil firm Petrobras are quietly pressing Brazil's government and judiciary to strike a "grand bargain" to minimize the legal fallout, five sources with knowledge of the talks say. The companies, which prosecutors suspect of paying out billions of dollars in bribes...

  • TORONTO, Feb 19- Canadian police laid corruption charges against SNC-Lavalin Group Inc on Thursday, the first time the engineering company has been directly charged with alleged bribery as it conducted business in Libya over a ten-year period until 2011.. The Royal Canadian Mounted Police charged SNC and two units Thursday with offering C $47.7 million in...

  • TORONTO, Feb 19- The Canadian police laid corruption charges against SNC-Lavalin Group and some of its units on Thursday, in relation to their operations in Libya. A statement from the Royal Canadian Mounted Police said it had charged SNC-Lavalin, SNC-Lavalin Construction Inc. and SNC-Lavalin International Inc. with offering C $47.7 million in bribes to...

  • LONDON, Feb 16- Rolls-Royce has not been approached by authorities in Brazil regarding bribery allegations reported in the Financial Times newspaper, the British engineering company said on Monday. The world's second-largest maker of aircraft engines is under investigation by Britain's Serious Fraud Office over concerns of possible bribery and...