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Bribery

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  • 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...

  • Exporters fail on pledge to curb bribery - watchdog Thursday, 23 Oct 2014 | 4:00 AM ET

    *Transparency International says OECD convention largely ignored. BERLIN, Oct 23- Big exporting nations are breaking their pledge to fight corruption in global trade, with more than half of the countries that have signed an anti-bribery convention failing to implement it, a report by Transparency International showed on Thursday. The Berlin- based...

  • *Exploring IPO of minority stake in ViiV Healthcare. LONDON, Oct 22- GlaxoSmithKline, battered by weak U.S. drug sales and a bribery scandal in China, is looking to float its fast-growing HIV drugs business as part of a recovery plan that includes a fresh round of cost cutting. As a standalone company ViiV Healthcare would be among the top 40 companies in London's...

  • *Exploring IPO of minority stake in ViiV Healthcare. LONDON, Oct 22- GlaxoSmithKline, battered by weak U.S. drug sales and a bribery scandal in China, set out a bold recovery plan on Wednesday, including an initial public offering of part of its fast-growing HIV and AIDS drugs business. As a standalone company ViiV Healthcare would be among the top 40 companies in...

  • *GSK says UAE investigations part of wider Middle East probe. LONDON, Oct 7- Drugmaker GlaxoSmithKline, which was slapped with a record $489 million fine for corruption in China last month, said on Tuesday it was looking into allegations of corruption in the United Arab Emirates. The company is already investigating alleged bribery in a number of Middle East...

  • HAVANA, Oct 3- Dinners at fancy restaurants, week-long family vacations and a flat-screen TV: the bribes that Cuba accused Canadian businessman Cy Tokmakjian of giving Cuban officials were modest by corruption standards in many developing nations. Tokmakjian's company, the privately held Concord, Ontario- based Tokmakjian Group, says prosecutors failed to...

  • HAVANA, Oct 3- Dinners at fancy restaurants, week-long family vacations and a flat-screen TV: the bribes that Cuba accused Canadian businessman Cy Tokmakjian of giving Cuban officials were modest by corruption standards in many developing nations. His company, the privately held Concord, Ontario- based Tokmakjian Group, says prosecutors failed to prove any of...

  • MILAN, Oct 1- Italian prosecutors investigating state-backed firm Eni SpA over the purchase of a Nigerian oil field three years ago allege that at least half of the $1.1 billion paid was used to bribe local politicians, intermediaries and others, according to official documents and a person close to the investigation.

  • Avon wins dismissal of lawsuit over China bribery Monday, 29 Sep 2014 | 1:59 PM ET

    NEW YORK, Sept 29- Avon Products Inc on Monday won the dismissal of a securities fraud lawsuit accusing the cosmetics company of concealing its inability to stop workers from bribing officials in China to win business there.

  • Next for Corporate America: Body wires and wire taps? Friday, 12 Sep 2014 | 11:22 AM ET

    WASHINGTON, Sept 12- Wall Street executives may have personally escaped the wrath of the U.S. Department of Justice but executives at companies accused of foreign bribery schemes may not be so lucky.

  • U.S. says HP Russia unit pleads guilty in bribery probe Thursday, 11 Sep 2014 | 5:53 PM ET

    SAN FRANCISCO, Sept 11- Hewlett-Packard's Russia unit pleaded guilty on Thursday to felony violations of the U.S. Foreign Corrupt Practices Act and will pay about $108 million in penalties, the U.S. Justice Department said.

  • LONDON, Sept 9- The British subsidiary of French train and turbine maker Alstom paid around $8.5 million in bribes over a six-year period to win transport contracts in India, Poland and Tunisia, Britain's leading fraud prosecutor alleged on Tuesday.

  • SHANGHAI/ WASHINGTON, Sept 9- A U.S. anti-bribery probe into GlaxoSmithKline Plc touched on the firm's Chinese consumer healthcare business in 2012, internal documents show, suggesting the drugmaker's compliance problems in China could go wider than previously revealed.

  • LONDON, Aug 11- GlaxoSmithKline faces new allegations that it bribed Syrian doctors and officials to boost sales of its medicines, following recent accusations of corruption in its non-prescription business in the country.

  • Attorney Melinda Haag announced that Alfred J. Villalobos, a former member of the board of the California Public Employee Retirement System who later worked as a placement agent, engaged in a conspiracy to commit corruption, defraud the United States, conceal materials, and conspire to commit mail and wire fraud.

  • NEW YORK,- A Manhattan federal judge on Thursday said the U.S. Department of Justice may pursue most of its lawsuit accusing Novartis AG of civil fraud for allegedly using kickbacks to boost sales of drugs covered by Medicare and Medicaid.

  • NEW YORK, Aug 7- A Manhattan federal judge on Thursday said the U.S. Department of Justice may pursue most of its lawsuit accusing Novartis AG of civil fraud for allegedly using kickbacks to boost sales of drugs covered by Medicare and Medicaid.

  • July 28- Smith& Wesson Holding Corp has agreed to pay $2.03 million to settle U.S. Securities and Exchange Commission charges its employees and representatives bribed foreign officials to supply firearms to military and law enforcement departments overseas.