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Bribery

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  • SAO PAULO, Feb 20- Some of the companies caught up in a massive corruption scandal at state-run oil firm Petrobras are quietly pressing Brazil's government and judiciary to strike a "grand bargain" to minimize the legal fallout, five sources with knowledge of the talks say. The companies, which prosecutors suspect of paying out billions of dollars in bribes...

  • NEW YORK— Former New York State Assembly Speaker Sheldon Silver was indicted Thursday on three charges after his arrest in a federal bribery case. The indictment was returned in Manhattan federal court, where he appeared briefly last month when he was freed on bail just a day after sharing the stage with Gov. We intend to do that fighting where it should be done— in...

  • TORONTO, Feb 19- Canadian police laid corruption charges against SNC-Lavalin Group Inc on Thursday, the first time the engineering company has been directly charged with alleged bribery as it conducted business in Libya over a ten-year period until 2011.. The Royal Canadian Mounted Police charged SNC and two units Thursday with offering C $47.7 million in...

  • TORONTO, Feb 19- The Canadian police laid corruption charges against SNC-Lavalin Group and some of its units on Thursday, in relation to their operations in Libya. A statement from the Royal Canadian Mounted Police said it had charged SNC-Lavalin, SNC-Lavalin Construction Inc. and SNC-Lavalin International Inc. with offering C $47.7 million in bribes to...

  • LONDON, Feb 16- Rolls-Royce has not been approached by authorities in Brazil regarding bribery allegations reported in the Financial Times newspaper, the British engineering company said on Monday. The world's second-largest maker of aircraft engines is under investigation by Britain's Serious Fraud Office over concerns of possible bribery and...

  • China uncovers power abuses, nepotism at Sinopec Saturday, 7 Feb 2015 | 3:22 AM ET

    BEIJING, Feb 7- China's anti-corruption watchdog said on Saturday that it had uncovered evidence of graft at China Petrochemical Corp, warning the state-owned oil giant to take strong action to eradicate kickbacks, nepotism and theft. Sinopec, the parent company of China Petroleum& Chemical Corp, must take steps to stop "power-for-money dealings" and prevent...

  • Feb 2- The United States Department of Justice has decided not to prosecute News Corp or its sister company Twenty-First Century Fox after completing an investigation of scandals in Great Britain involving phone hacking and alleged bribery of public officials. The end of the probe, disclosed by News Corp in a regulatory filing on Monday, comes after the U.S....

  • LONDON, Jan 28- British prosecutors are investigating whether subsidiaries of Alstom, the French power and transport company at the centre of an international corruption inquiry, committed offences in Hungary, a London court heard on Wednesday. The Serious Fraud Office has already charged two UK- based Alstom subsidiaries and four former employees with...

  • RIO DE JANEIRO, Jan 28- Brazil's Petrobras reported a third-quarter unaudited net profit on Wednesday of 3.09 billion reais after its board said it was impractical to estimate the value of expected charges against earnings related to a corruption scandal. Petroleo Brasileiro SA, as the state-run oil company is formally known, said it was exploring ways to...

  • In a regulatory filing on Friday, BNY Mellon said that U.S. Securities and Exchange Commission staff had notified it that they would recommend the SEC charge the bank over alleged violations of the Foreign Corrupt Practices Act. BNY Mellon said the so-called Wells notice came after SEC staff provided a similar notice in the third quarter of 2014 to some current...

  • RIO DE JANEIRO, Dec 30- Brazil's state-run oil firm Petrobras said on Tuesday it may increase the number of foreign companies it works with after banning several Brazilian contractors because police have implicated them in a kickback scheme at the company. Brazil's oil industry has been heavily protected since vast oil reserves were discovered off its coast...

  • Dec 26- Brazil's state-run oil company Petroleo Brasileiro SA and some of its executives were hit with a U.S. class action lawsuit by investors in $98 billion of the company's securities over an alleged kickback and bribery scheme. The latest case was filed on Dec. 24 in Manhattan's federal court by the Labaton Sucharow law firm on behalf of the city of Providence,...

  • The Justice Department is expected to announce Alstom will plead guilty and pay $772 million in a bribery settlement, reports CNBC's Eamon Javers.

  • HONG KONG, Dec 19- A former top Hong Kong civil servant was found guilty on Friday of accepting HK $8.5 million in bribes from executives of property developer Sun Hung Kai Properties Ltd, in the city's highest profile corruption case. Rafael Hui, 66, who headed Hong Kong's civil service from 2005 to 2007, was found guilty of three counts of misconduct in public...

  • HONG KONG, Dec 19- A former top Hong Kong civil servant was found guilty on Friday of accepting HK $8.5 million in bribes from executives of property developer Sun Hung Kai Properties Ltd, in the city's most high-profile corruption case. Rafael Hui, 66, who headed Hong Kong's civil service from 2005 to 2007, was found guilty of three counts of misconduct in public...

  • HONG KONG, Dec 19- A former top Hong Kong civil servant was found guilty on Friday of accepting millions of dollars in bribes from the city's largest property developer, Sun Hung Kai Properties Ltd.. Raymond Kwok, co-chairman of the company, was found not guilty of three charges in the graft case. Hong Kong returned to Chinese rule in 1997 and has a separate legal...

  • NEW YORK/ WASHINGTON, Dec 17- The China unit of Avon Products Inc pleaded guilty on Wednesday in connection with a bribery scheme and Avon agreed to pay $135 million to resolve related civil and criminal charges. "Avon China's conduct in this regard was wrong and violated its own policies and the policies of Avon Products Inc," Benjamin said. The SEC said Avon made...

  • RIO DE JANEIRO, Dec 17- Petroleo Brasileiro SA's Chief Executive Officer Maria das Graças Foster said on Wednesday that she had offered to resign because of a widening alleged bribery scandal but that Brazil's President Dilma Rousseff had turned her down. "I need to be investigated, we all need to be investigated, that takes time," Foster told journalists at...

  • NEW YORK, Dec 17- Two former executives of a defunct New York broker-dealer pleaded guilty on Wednesday to charges stemming from their involvement in a foreign bribery scheme involving their employer and a Venezuelan state economic development bank. Benito Chinea, the former chief executive of Direct Access Partners LLC, and Joseph Demeneses, a onetime...

  • Dec 17- A U.S. judge has dismissed Steve Wynn's lawsuit accusing prominent short-seller Jim Chanos of slander over an alleged statement that the casino mogul violated a U.S. anti-bribery law. District Judge William Orrick in San Francisco ruled on Tuesday that Chanos was giving an opinion protected under the U.S. Chanos, founder of New York- based hedge fund...