Bribery
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*Bangladesh probe alleges bribery, Globe and Mail reports. TORONTO, Dec 19- Bangladeshi authorities have issued a report accusing a senior SNC Lavalin Group Inc executive of corruption, just after he left the engineering company, the Globe and Mail newspaper reported on Wednesday.
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WASHINGTON, Dec 18- Wal-Mart Stores may be facing sizable fines related to allegations of widespread bribery at its Mexican affiliate, after a second report from the New York Times provided more details about the scope of the alleged misconduct.
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A New York Times article on the Wal-Mart bribery scandal alleges a pervasive pattern of bribery during the construction of 19 different stores in Mexico, reports CNBC's Michelle Caruso-Cabrera. Nelson Lichtenstein, Center for the Study of Work, Labor & Democracy, and Ken Langone, Invemed Associates chairman, discuss.
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WASHINGTON, Dec 18- Wal-Mart Stores may be facing sizeable fines related to allegations of widespread bribery at its Mexican affiliate, after a second report from the New York Times provided more details about the scope of the potential misconduct.
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*Siemens paid $1.6 bln in 2008 to settle bribery case. NEW YORK, Dec 13- State-owned Mexican oil company Pemex sued Siemens AG and a South Korean company for $1.5 billion on Thursday over a bribery scheme that has dogged the German conglomerate for years.
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*Siemens paid $1.6 bln in 2008 to settle FCPA case. NEW YORK/ WASHINGTON, Dec 13- State-owned Mexican oil company Pemex sued Siemens AG and a South Korean company for $500 million on Thursday over a bribery scheme that has dogged the German conglomerate for years, adding to a short list of cases that raise novel questions about who is a victim in corruption cases.
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*Siemens paid $1.6 bln in 2008 to settle FCPA case. NEW YORK/ WASHINGTON, Dec 13- A state-owned Mexican oil company sued Siemens AG and a South Korean company for $500 million on Thursday over a bribery scheme that has dogged the German conglomerate for years, raising novel questions about who is a victim in corruption cases.
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VIENNA, Dec 12- An Austrian count accused of covertly helping Britain's biggest arms group win business in central and eastern Europe insisted on Wednesday he served only as a well-connected adviser who had nothing to do with bribes.
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Aerospace and defense group Rolls-Royce said it was in talks with Britain's Serious Fraud Office over potential corruption involving its intermediaries overseas.
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The Swiss cabinet on Monday rejected a motion that would force mining companies and private commodity trading houses to declare payments made to resource-rich countries.
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TOKYO/ SAN FRANCISCO, Nov 30- Japanese billionaire Kazuo Okada's Universal Entertainment funnelled at least $30 million to an ex-consultant for the Philippines gaming authority who is now at the center of a bribery investigation, according to sources and company records.
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Wal-Mart disclosed on Thursday that it has expanded an internal investigation into bribery accusations in Mexico to Brazil, China and India, the New York Times reports.
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CNBC's Courtney Reagan reports on a strike Wal-Mart employees are planning for Black Friday, and that the company is saying "investigations regarding allegations of potential FCPA violations have been commenced in a number of foreign markets."
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CNBC's Scott Cohn reports the Obama administration is sending signals it is widening its bribery crackdown.
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An Indiana pension fund representing Unions that owns shares of Wal-Mart is suing for access to thousands of documents in the Mexico bribery case. Stuart Grant, Grant & Eisenhofer, and Emily Miller, Washington Times, provide perspective.
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CNBC's Gary Kaminsky discusses insider trading, bribery and derivatives manipulation on Wall Street, with Bruce Karpati, SEC asset management enforcement co-chief.
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Adrian Ngan, Executive Director, Real Estate Sector, Citic Securities explains why he remains positive on Sun Hung Kai Properties despite the graft scandal.
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Former Minnesota Governor Jesse Ventura explains why he thinks U.S. politics and the government has become its own 'gangsta's paradise.'
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CNBC's Courtney Reagan provides an update from the giant retailer's annual shareholders meeting today.
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Jack Ehnes, California State Teachers' Retirement Systems CEO, discusses why his pension fund is voting against Wal-Mart's entire board, on the heels of the company's Mexican bribery scandal.