GO
Loading...

Enter multiple symbols separated by commas

Bribery

More

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. Police also apprehended Otavio Marques Azevedo, CEO of Andrade Gutierrez,...

  • CURITIBA, Brazil, June 23- Brazil's biggest corruption investigation could spread to its largest electric utility, Eletrobras, and more than a dozen foreign companies, a lead prosecutor said on Tuesday, in a sign of further turbulence for the country's business and political establishment. Carlos Fernando dos Santos Lima said a scheme similar to one set up as...

  • Ohio mayor, candidate aiding traffic camera probe Tuesday, 23 Jun 2015 | 11:09 AM ET

    COLUMBUS, Ohio— The fourth-term mayor in Ohio's capital city and the Democratic nominee to replace him both say they are assisting with a federal traffic camera bribery investigation, but insist they aren't linked to any wrongdoing. Federal authorities said Friday a former Redflex chief executive pleaded guilty to bribery conspiracy involving getting or...

  • RIO DE JANEIRO— Brazil's prosecutors investigating a big kickback scandal at state-run oil company Petrobras said Monday that they are asking U.S. authorities for help in building their case. Brazilian prosecutors say the Petrobras case involves hundreds of millions in kickbacks paid by Brazil's biggest construction and engineering firms to former...

  • Earlier in the day, Brazilian police arrested Marcelo Odebrecht, the company's chief executive officer, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras.

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. In pre-dawn raids that netted 12 arrests in four states, police also...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. In pre-dawn raids that netted 12 arrests in four states, police also...

  • PARIS— A French court has cleared 14 companies accused of bribing the Iraqi government under Saddam Hussein in exchange for contracts as part of the U.N. oil-for-food program. French companies, including Renault Trucks, Schneider Electric and Legrand, and several managers were acquitted on Thursday of bribery, corruption and misuse of company assets.

  • BUCHAREST, Romania— A court sentenced the former chairman of the Romanian Chamber of Commerce and Industry to five years in prison on Thursday for influence peddling and taking bribes. Mihail Vlasov, chairman of the chamber from 2007 to 2014, was sentenced by the High Court of Justice and Cassation, whose ruling is final. Prosecutors said Vlasov demanded 1...

  • Ex-PetroTiger co-CEO avoids prison in bribery case Tuesday, 16 Jun 2015 | 3:29 PM ET

    June 16- A former co-chief executive of oil services company PetroTiger Ltd was sentenced to probation on Tuesday, a day after his bribery trial ended abruptly when he pleaded guilty to a single conspiracy charge. District Judge Joseph Irenas in Camden, New Jersey, to serve three years of probation and pay a $100,000 fine and $239,015 in restitution, the office of...

  • June 15- A former co-chief executive of oil services company PetroTiger Ltd pleaded guilty in a U.S. court on Monday to conspiring to bribe a Colombia government official to get help in winning a contract. In exchange for the plea from Joseph Sigelman, 43, the U.S. Department of Justice dropped several other charges, including money laundering and violating the...

  • BEIJING, June 15- Former PetroChina Vice Chairman Liao Yongyuan has been expelled from the Communist Party and will be prosecuted for crimes including bribery, the party's graft watchdog said on Monday. Liao stepped down from his posts as vice chairman and non-executive director in March. He was the most senior of two vice chairmen at PetroChina, China's top oil...

  • China graft probes a tough tonic as pharma margins bounce Wednesday, 10 Jun 2015 | 5:00 PM ET

    Faster growth in China is good news for local and global firms chasing a medicine bill estimated by IMS Health to hit $185 billion by 2018, but who have taken a hit from a series of bribery probes that led to a $500 million fine against British drugmaker GlaxoSmithKline PLC last year. "Sales departments did slow down activities in China and have taken their time to...

  • FIFA official Valcke hits back over $10 mln transactions Wednesday, 10 Jun 2015 | 5:39 AM ET

    SAMARA, Russia, June 10- FIFA Secretary General Jerome Valcke Valcke on Wednesday dismissed allegations of wrongdoing over $10 million in bank transactions that are under investigation by U.S. authorities. The transactions are central to a U.S. bribery investigation against soccer's governing body. In an emotional appearance at a news conference in the...

  • SHANGHAI, June 9- A British corporate investigator linked to a bribery scandal in China involving drugmaker GlaxoSmithKline PLC is to be released early from a 2 1/ 2- year sentence in a Chinese jail, a source close to his family said on Tuesday. The case was intertwined with an investigation of GSK in China which rocked the country's pharmaceutical market and led...

  • HONG KONG, June 4- Hong Kong's banking regulator has said that banks in the city need to step-up anti-money laundering efforts, and has warned it would not hesitate to sanction lapses in detecting dirty money in the wake of the FIFA bribery scandal. The indictment specifically mentioned $1.2 million being wired to an unnamed bank account at HSBC in Hong Kong.

  • Singapore arrests match-fixers for SEA Games football Tuesday, 2 Jun 2015 | 12:45 AM ET
    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's Blatter: I can't watch everyone all the time Thursday, 28 May 2015 | 12:12 PM ET
    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.

  • FIFA officials corrupted hosting decisions: Lynch Wednesday, 27 May 2015 | 10:57 AM ET
    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.

  • May 25- A labor-affiliated pension fund adviser is seeking an inquest into the auditor of Wal Mart Stores Inc, Ernst& Young LLP, accusing the auditing firm of knowing about possible bribery in Mexico long before the retailer disclosed it to U.S. authorities. CtW Investment Group, an adviser to union pension funds holding about 0.15 percent of Wal-Mart's shares,...