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Bribery

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  • May 1- Avon Products Inc would pay the U.S. government $135 million to settle a multiyear bribery probe into its overseas business development practices, under a preliminary agreement the beauty products company disclosed on Thursday.

  • May 1- Avon Products Inc would pay the U.S. government $135 million to settle a multiyear bribery probe into its overseas business development practices, under a preliminary agreement the beauty products company disclosed on Thursday.

  • Turkish police believe that until recently, the area around the market also sat at the centre of an audacious, multi-billion-dollar scheme involving bribery and suspect food shipments to Iran.

  • US seeks $700K linked to S. Korea's ex-president Thursday, 24 Apr 2014 | 5:09 PM ET

    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.

  • LONDON, April 17- Drugmaker GlaxoSmithKline- hit by bribery claims in five countries- is to employ hundreds more doctors as members of staff as it seeks to build a new sales model designed to eliminate sharp marketing practices.

  • 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.

  • *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.

  • Drugmaker GSK investigates alleged bribery in Iraq Sunday, 6 Apr 2014 | 7:21 PM ET

    *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.

  • Ex-New Orleans mayor convicted of taking bribes Wednesday, 12 Feb 2014 | 2:36 PM ET
    Former New Orleans Mayor Ray Nagin.

    Former New Orleans Mayor Ray Nagin was convicted Wednesday on charges that he accepted bribes, free trips and other gratuities from contractors.

  • Alcoa pays $384 million to settle bribery cases     Thursday, 9 Jan 2014 | 10:07 AM ET

    CNBC's Morgan Brennan reports Alcoa will pay $384 million to settle bribery cases with the SEC & DOJ. Alcoa is charged with violating the Foreign Corrupt Practices Act.

  • Wal-Mart shakeup not totally unexpected: Pro     Monday, 25 Nov 2013 | 1:03 PM ET

    Stacey Widlitz, CNBC retail analyst, and Chris Horvers, JPMorgan retail-hardlines analyst, weigh in on Wal-Mart Mike Duke's successor Doug McMillon as new CEO.

  • Qatar World Cup bribery claims examined     Wednesday, 9 Oct 2013 | 4:40 AM ET

    Mel Goldberg, senior partner at Mel Goldberg Law, discusses FIFA's investigation on corruption and bribery claims regarding Qatar's successful bid to host the World Cup in 2022.

  • Authorities are investigating British drugmaker GlaxoSmithKline for violations of US anti-bribery laws in China after Chinese government officials accused the company of bribing doctors.

  • Rogue detectives’ client list to be published Wednesday, 4 Sep 2013 | 10:24 AM ET

    The U.K.'s Serious Organised Crime Agency (Soca) has been ordered to make public a list of over 100 companies and individuals who hired corrupt private detectives. A government committee warned Soca that if it did publish the list by Monday, it would be forced to do so instead.

  • JPMorgan's bribery probe involves 200 Asia hires Thursday, 29 Aug 2013 | 6:52 PM ET

    An internal exam of JPMorgan's hiring practices in Asia is looking at the employment of about 200 people for possible instances of illegal nepotism, a source said.