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Bribery

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  • 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...

  • Brazil president announces anti-corruption measures Wednesday, 18 Mar 2015 | 2:16 PM ET

    SAO PAULO— President Dilma Rousseff announced a series of anti-graft measures on Wednesday in the wake of Sunday's massive nationwide rallies calling for her impeachment and protesting rampant corruption in Latin America's largest country. The survey by the Datafolha polling institute showed that the president's popularity dropped even among...

  • Swiss return to Brazil $120 million from Petrobras probe Wednesday, 18 Mar 2015 | 11:33 AM ET

    BERLIN— Swiss authorities are handing Brazil more than $120 million that was frozen as part of corruption probes involving Brazilian state-run oil company Petrobras, prosecutors said Wednesday. It said it has found over 300 accounts at more than 30 banks in Switzerland that apparently were used to process bribes being investigated in Brazil.

  • SYDNEY— A U.S. citizen formerly employed by a major Australian bank has been charged in Sydney with bribery and more than $1.5 million in suspected corrupt payments have been frozen as part of a joint FBI-Australian police investigation, authorities said Wednesday. State police Fraud and Cybercrime Squad officers arrested the 61- year-old American at a...

  • BUCHAREST, Romania— A Romanian anti-corruption official detained on suspicion he inflated property prices, costing the state 75 million euros, resigned Tuesday. Horia Georgescu stepped down as head of the National Integrity Agency, which checks the assets of public officials and rules on conflict of interest and compatibility issues.

  • NEW HAVEN, Conn.— Federal prosecutors have given up on collecting a $4 million fine from a defunct Boston investment firm that was convicted in the Connecticut treasurer's bribery and kickback scandal of the late 1990 s. A federal judge on Friday granted prosecutors' motion to stop efforts to collect the fine from Triumph Capital Group Inc..

  • BUCHAREST, Romania— Romania's finance minister has resigned amid an investigation into suspicions that he took 2 million euros in bribes when he was a mayor. Darius Valcov handed in his resignation Sunday evening, hours after President Klaus Iohannis urged the prime minister to fire him as criticism of the government grew. Prime Minister Victor Ponta...

  • 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...