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Bribery

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  • BRASILIA, Dec 9- Brazil's top prosecutor Rodrigo Janot called on Tuesday for the punishment of everyone involved in a scheme to funnel kickbacks from contracts with state-run oil firm Petrobras to politicians. Janot's strongest comments so far on Brazil's latest corruption scandal were made as federal prosecutors prepare to indict 11 executives at six of...

  • RIO DE JANEIRO, Dec 8- State-controlled oil company Petroleo Brasileiro SA and its top executives face a class-action lawsuit in a federal court in New York over an alleged contract fixing, bribery and kickback scheme that lawyers say inflated the value of the company's assets. The suit was filed by law firm Wolf Popper LLP in the Southern District of New York on...

  • Brazil's anti-corruption comptroller Hage resigns Monday, 8 Dec 2014 | 11:32 AM ET

    BRASILIA, Dec 8- Comptroller General Jorge Hage, the man in charge of fighting corruption in the Brazilian government, announced his resignation on Monday amid a widening graft scandal centered on state-run oil company Petrobras. The process against Camargo Correa SA, Engevix SA, Galvao Engenharia SA, IESA, Mendes Junior SA, Grupo OAS SA, Queiroz Galvao SA and...

  • Ponte worked in Sanofi's Bridgewater, New Jersey, office reviewing contracts for legal compliance, according to the lawsuit. In March 2013, she discovered that nine contracts paying $34 million to accounting firm Deloitte LLP and consulting firm Accenture Plc were actually covers for kickbacks, the lawsuit said. Deloitte and Accenture are not defendants in...

  • Ponte worked in Sanofi's Bridgewater, New Jersey, office reviewing contracts for legal compliance, according to the lawsuit. In March 2013, she discovered that nine contracts paying $34 million to accounting firm Deloitte LLP and consulting firm Accenture Plc were actually covers for kickbacks, the lawsuit said. Deloitte and Accenture are not defendants in...

  • SAO PAULO, Dec 3- Brazil's comptroller general opened cases on Wednesday against eight engineering firms suspected of bribery and fraud in deals with Petrobras, holding them accountable for their role in a widening corruption scandal at the state-run oil company. If found responsible for the alleged graft scheme, some of Brazil's biggest industrial...

  • BRASILIA, Dec 2- A former Petrobras executive at the center of an alleged multibillion-dollar graft scheme involving the state-run oil company said on Tuesday that similar bribery and kickback schemes are prevalent in many Brazilian public-infrastructure projects. "What has been reported occurring at Petrobras happens all over Brazil in contracts for...

  • Global bribery has management's blessing: Study Tuesday, 2 Dec 2014 | 12:16 PM ET

    Bribery is alive and well in the developed world, as completion for contracts remains fierce among large global companies.

  • JAKARTA, Nov 27- Indonesia's main anti-graft watchdog is planning a sector-wide audit of the country's oil and gas industry next year, the latest step in a push to clean up the energy sector and restore investor confidence in Southeast Asia's biggest crude producer. The audit could lead to further prosecutions, Johan Budi, deputy chairman for the Corruption...

  • SAO PAULO, Nov 26- Defendants in a bribery investigation involving Brazil's state-run oil company Petrobras are trying to move the probe to the country's Supreme Court, which has a reputation for moving slowly and letting cases drag on for years. That way, he hopes to gather as much information as possible before the case goes to the Supreme Court, which under...

  • SAO PAULO/ BRASILIA, Nov 21- President Dilma Rousseff expects a bribery scandal at state-run oil company Petrobras to deteriorate in coming months, aides say, with arrests possible for some political allies and potentially serious damage to an economy that is already struggling. Prosecutors say corrupt officials siphoned billions of dollars from Petroleo...

  • SAO PAULO, Nov 18- A graft investigation at Brazilian state-run oil company Petroleo Brasileiro SA is hurting the credit outlook for major suppliers accused of participating in the alleged bribery scheme, Moody's Investors Service said on Tuesday. Moody's downgraded its rating of Mendes Junior Trading e Engenharia SA to B3 from B2 and put a negative outlook...

  • SAO PAULO, Nov 18- Brazil's President Dilma Rousseff is politically responsible for a growing money-laundering and bribery scandal at state-run oil company Petroleo Brasileiro SA, although she was probably not personally involved enough to justify impeachment, the main opposition party's leader in the Senate said. Aloysio Nunes of the centrist Brazilian...

  • *GlaxoSmithKline again leads index for best drug access. The contradictory advances and the problems facing the industry are evident at GlaxoSmithKline, which retained its long-standing top spot in the index, while simultaneously featuring in a major bribery scandal in China. "Corruption is terrible, but it also takes attention away from the fact that these...

  • RIO DE JANEIRO/ SAO PAULO, Nov 14- Brazilian police arrested a former Petróleo Brasileiro SA executive on Friday, sending the state-run oil company's shares and bonds down after a widening corruption scandal forced it to delay the release of its financial results. Former engineering director Renato Duque was the second senior executive arrested at...

  • RIO DE JANEIRO, Nov 14- Brazilian police arrested a former Petrobras executive on Friday and the state-run oil giant's shares sank 5 percent after it was forced by a widening corruption scandal to delay the release of its financial results. Former engineering director Renato Duque was the second senior Petrobras executive arrested in the investigation into...

  • RIO DE JANEIRO, Nov 14- Shares of Brazil's Petrobras plummeted 5 percent on Friday after the state-run oil firm delayed releasing its results amid a police investigation into corruption that has already ensnared a former senior executive. Petrobras shares opened over an hour and a half after the rest of the Bovespa index, with the chief executive of the bourse,...

  • Do you know what your company is doing? Wednesday, 5 Nov 2014 | 1:49 AM ET

    The 124 largest publicly traded companies are opaque, with few fully revealing their holdings or anti-corruption steps, Transparency International said.

  • WASHINGTON, Nov 3- Bio-Rad Laboratories Inc will pay $55 million to end U.S. investigations into whether it failed to prevent bribery of government officials in Russia and other countries, and falsified records to conceal payments, U.S. authorities said on Monday. Bio-Rad's payout includes a $14.35 million criminal fine to the Justice Department, and $40.7...

  • WASHINGTON, Nov 3- Bio-Rad Laboratories will pay $55 million to end U.S. government investigations into whether it paid bribes to government officials in Russia and other countries, U.S. authorities said on Monday. The life sciences company also entered into a settlement with the Securities and Exchange Commission, which said the company's subsidiaries made...