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Bribery

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  • 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 PetrĂ³leo 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...

  • Sex tape adds fire to GSK China scandal   Monday, 30 Jun 2014 | 1:30 AM ET
    Sex tape adds fire to GSK China scandal

    The Chinese corruption scandal at GlaxoSmithKline was complicated by the revelation that a sex tape involving the company's top boss in China was sent to senior executives not long before the government opened its investigation into the alleged bribery of doctors.

  • Elon Musk questions Air Force ethics   Friday, 23 May 2014 | 11:33 AM ET
    Elon Musk questions Air Force ethics

    SpaceX CEO Elon Musk questions how the Air Force awarded rocket contracts to a competitor. CNBC's Eamon Javers reports.

  • GSK executives charged with bribery: Report   Wednesday, 14 May 2014 | 11:36 AM ET
    GSK executives charged with bribery: Report

    Chinese police have charged GlaxoSmithKline executives who have been under investigation for allegedly bribing doctors and Chinese officials, reports CNBC's Eunice Yoon.

  • GSK China head faces bribery allegations   Wednesday, 14 May 2014 | 6:04 AM ET
    GSK China head faces bribery allegations

    CNBC's Eunice Yoon reports Chinese police say the former China head of drugmaker GlaxoSmithKine ordered employees to commit bribery, generating billions of dollars in illegal revenue.

  • 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.

  • 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
    Alcoa pays $384 million to settle bribery cases

    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.