The funds were seized from the sale of a house purchased in 2005 that U.S. prosecutors say are traceable to corruption during the reign of South Korea's former President Chun Doo-hwan.» Read More
NEW YORK, April 14- Two former executives of a defunct New York broker-dealer were indicted Monday as part of a widening U.S. investigation into foreign bribery involving their employer and Venezuelan state economic development banks.
LONDON— The BBC reports that pharmaceutical company GlaxoSmithKline is accused of bribing doctors to prescribe medicines in Poland. The British drug company faces corruption probes in China and Iraq.
*Allegations follow corruption accusations in China, Iraq. LONDON/ WARSAW, April 14- GlaxoSmithKline is facing a criminal investigation in Poland for allegedly bribing doctors to promote its lung drug Seretide, adding to problems for a company already accused of corruption in China and Iraq.
SAN FRANCISCO/ WASHINGTON April 9- Hewlett-Packard will pay $108 million and one of its subsidiaries will plead guilty to bribery charges over its role in a scheme to secure a contract with a Russian government office, the Justice Department said on Wednesday.
*Poland has launched industry-wide investigation. WARSAW, April 9- Polish prosecutors alleged on Wednesday that a local executive with U.S. firm Hewlett-Packard Co. paid bribes worth over $500,000 in exchange for help winning contracts to supply computer equipment to the Polish police headquarters.
*GSK says investigating alleged "improper conduct" in Iraq. *Iraq issue follows claims of extensive corruption in China. LONDON, April 6- Drugmaker GlaxoSmithKine, already facing corruption accusations in China, is now investigating allegations of bribery in Iraq, the British company said on Sunday.
LONDON, April 4- GlaxoSmithKline, facing allegations of bribery in China, has dismissed some employees in the country over failure to comply with expenses rules, a person familiar with the situation said on Friday.
*U.S. govt suspects bribery in China, India- filings. PARIS/ WASHINGTON, March 27- Alstom shares fell sharply on investors' fears that the French engineering firm could face a heavy fine from the U.S. Justice Department as a result of a bribery investigation that has spread across Asia.
*Alstom posts steepest loss on CAC 40. PARIS, March 27- Shares in Alstom fell on Thursday on the prospect that the French engineering firm could face hefty penalties from the U.S. Justice Department in a bribery probe focused on Asia.
NEW YORK, March 14- Cisco Systems Inc is investigating potential violations of U.S. bribery laws by the company and its resellers in Russia, Eastern Europe and Central Asia, but doesn't expect financial results to be materially affected, it said in a regulatory filing.
March 11- Teva Pharmaceutical Industries Ltd agreed to pay $27.6 million to settle charges that it paid kickbacks to a Chicago psychiatrist to induce him to prescribe an anti-schizophrenia drug to patients, resulting in more than 100,000 false Medicaid and Medicare claims.
NEW DELHI, March 3- India's defence ministry said on Monday it had ordered an investigation into state-run Hindustan Aeronautics Ltd's orders from Britain's Rolls-Royce Holdings worth at least $1.2 billion.
NEW DELHI, March 3- India's defence ministry said on Monday it had ordered a bribery investigation over state-run Hindustan Aeronautics Limited's purchase of jet engines from Britain's Rolls-Royce Holdings in a deal worth at least $1.2 billion. No comment was immediately available from Rolls-Royce's office in India.
Feb 13- Avon Products Inc said on Thursday it could end up paying as much as $132 million to settle a U.S. bribery probe into its efforts to develop new markets, the first time the beauty-products company has given an estimate for a penalty.
Feb 13- Avon Products Inc said on Thursday it may cost as much as $132 million to settle a U.S. bribery investigation into the beauty products company's efforts to develop new markets overseas.
HONG KONG, Feb 13- Thomas and Raymond Kwok, the billionaire co-chairmen of Sun Hung Kai Properties Ltd, had additional charges filed against them on Thursday in a bribery investigation surrounding Asia's largest developer, the company said on Thursday.
Former New Orleans Mayor Ray Nagin was convicted Wednesday on charges that he accepted bribes, free trips and other gratuities from contractors.
*Q4 core earnings 30.1 pence vs consensus 30.2 p. LONDON, Feb 5- GlaxoSmithKline has predicted a pick-up in sales growth to around 2 percent this year as productivity in its drug research labs improves and pressure on sales in China moderates following a damaging bribery scandal.
LONDON, Feb 5- GlaxoSmithKline flagged a pick-up in growth this year as productivity in its drug research labs improves and pressure on sales in China moderates following a damaging bribery scandal in the country.
WASHINGTON, Jan 29- The U.S. consumer financial watchdog said on Wednesday it was seeking fines against PHH Corp and repayment to consumers over allegations that the mortgage lender steered borrowers to insurers from which it took kickbacks.