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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...

  • 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...

  • China uncovers power abuses, nepotism at Sinopec Saturday, 7 Feb 2015 | 3:22 AM ET

    BEIJING, Feb 7- China's anti-corruption watchdog said on Saturday that it had uncovered evidence of graft at China Petrochemical Corp, warning the state-owned oil giant to take strong action to eradicate kickbacks, nepotism and theft. Sinopec, the parent company of China Petroleum& Chemical Corp, must take steps to stop "power-for-money dealings" and prevent...

  • Feb 2- The United States Department of Justice has decided not to prosecute News Corp or its sister company Twenty-First Century Fox after completing an investigation of scandals in Great Britain involving phone hacking and alleged bribery of public officials. The end of the probe, disclosed by News Corp in a regulatory filing on Monday, comes after the U.S....

  • LONDON, Jan 28- British prosecutors are investigating whether subsidiaries of Alstom, the French power and transport company at the centre of an international corruption inquiry, committed offences in Hungary, a London court heard on Wednesday. The Serious Fraud Office has already charged two UK- based Alstom subsidiaries and four former employees with...

  • RIO DE JANEIRO, Jan 28- Brazil's Petrobras reported a third-quarter unaudited net profit on Wednesday of 3.09 billion reais after its board said it was impractical to estimate the value of expected charges against earnings related to a corruption scandal. Petroleo Brasileiro SA, as the state-run oil company is formally known, said it was exploring ways to...

  • In a regulatory filing on Friday, BNY Mellon said that U.S. Securities and Exchange Commission staff had notified it that they would recommend the SEC charge the bank over alleged violations of the Foreign Corrupt Practices Act. BNY Mellon said the so-called Wells notice came after SEC staff provided a similar notice in the third quarter of 2014 to some current...

  • RIO DE JANEIRO, Dec 30- Brazil's state-run oil firm Petrobras said on Tuesday it may increase the number of foreign companies it works with after banning several Brazilian contractors because police have implicated them in a kickback scheme at the company. Brazil's oil industry has been heavily protected since vast oil reserves were discovered off its coast...