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Bribery

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  • GSK says China bribery charges "deeply concerning" Wednesday, 14 May 2014 | 4:16 AM ET

    LONDON, May 14- British drugmaker GlaxoSmithKline, whose former China head and other colleagues have been charged with corruption by Chinese police, said on Wednesday the case was deeply concerning.

  • BEIJING/ SHANGHAI, May 14- Chinese police on Wednesday said they had charged the British former China head of drugmaker GlaxoSmithKline PLC and other colleagues with corruption, after a probe found the firm made billions of yuan from bribing doctors and hospitals.

  • Chinese police charge ex-GSK China head with bribery Wednesday, 14 May 2014 | 2:40 AM ET
    An employee of British drug firm GlaxoSmithKline (GSK) enters their office headquarters in Shanghai.

    Chinese police on Wednesday said they had charged the British former China head of drugmaker GlaxoSmithKline and other colleagues with corruption, after a 10- month probe found they paid billions of yuan in bribes to doctors and hospitals.

  • BEIJING/ SHANGHAI, May 14- Chinese police on Wednesday said they had charged the British former China head of drugmaker GlaxoSmithKline PLC and other colleagues with corruption, after a 10- month probe found they paid billions of yuan in bribes to doctors and hospitals.

  • May 9- A U.S. judge said Wal-Mart Stores Inc does not deserve dismissal of a lawsuit claiming it defrauded shareholders by concealing suspected corruption at its Mexico operations, even after learning that a damaging media report detailing alleged bribery was being prepared.

  • BUSINESS-NEWS-SCHEDULE AT 1530 GMT / 11:30 AM ET Friday, 9 May 2014 | 11:35 AM ET

    Wal-Mart should face lawsuit over alleged Mexico bribery- U.S. judge. Wal-Mart Stores Inc should face a U.S. lawsuit accusing it of defrauding shareholders by concealing suspected corruption at its Mexico operations, even after learning that a damaging media report detailing alleged bribery was being prepared, a federal judge says.

  • May 9- Wal-Mart Stores Inc should face a U.S. lawsuit accusing it of defrauding shareholders by concealing suspected corruption at its Mexico operations, even after learning that a damaging media report detailing alleged bribery was being prepared, a federal judge said.

  • 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.

  • 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.

  • Wal-Mart's CEO Mike Duke spoke to CNBC's Maria Bartiromo about the financial impact of the Mexican bribery allegations and says he "will take the appropriate actions; doing the right thing is a part of working at Wal-Mart."

  • China's 'trial of the century' underway     Thursday, 22 Aug 2013 | 6:12 AM ET

    Disgraced Chinese politician Bo Xilai faces charges of bribery, corruption and abuse of power in a move billed by the government as a fight against corruption, reports CNBC's Eunice Yoon.

  • Does JPM have a target on its back?     Monday, 19 Aug 2013 | 4:20 PM ET

    Federal authorities are investigating JPMorgan's hiring of children of influential Chinese officials to help the bank win lucrative business deals. CNBC's Kayla Tausche has the details. And Andrew Stoltmann of Stoltmann Law Offices; and Thomas Curran, Peckar & Abramson, join to discuss the China bribery probe.

  • Glaxo's China woes may extend to its drug research Tuesday, 23 Jul 2013 | 6:31 AM ET

    Glaxo's problems may go beyond the sales practices that are currently at the center of a bribery and corruption scandal in China. They may extend to its Shanghai research and development center.

  • 'Bribe is always a bribe' in GSK allegations     Monday, 22 Jul 2013 | 11:35 AM ET

    Jonathan Russell, senior associate at Alaco, questions if GSK's action against bribery is being seen on the ground.