Crime Bribery

  • Lawyers for Obi and Di Nardo declined to comment. Milan prosecutors allege bribes totaling around $1.1 billion were paid to win the licence to explore the field which, because of disputes, has never entered into production. But Obi and Di Nardo, accused of being middlemen and taking illegal kickbacks, had asked for a separate fast-track trial which, under Italian...

  • MILAN, Sept 19- An Italian court found oil services group Saipem and a former CEO guilty of corruption in a long-running trial over bribes in Algeria but acquitted oil major Eni. The long-running case revolves around allegations Saipem paid intermediaries about 198 million euros to secure contracts worth 8 billion euros with Algeria's state-owned...

  • MILAN, Sept 19- An Italian court found oil services group Saipem and a former CEO guilty of corruption in a long-running trial over bribes in Algeria but acquitted oil major Eni. The long-running case revolves around allegations Saipem paid intermediaries about 198 million euros to secure contracts worth 8 billion euros with Algeria's state-owned...

  • MEXICO CITY, Sept 18- Mexico's incoming financial intelligence chief said it was "shameful" how little had been done about bribes that Brazilian construction firm Odebrecht executives said were paid to secure Mexican public works contracts, and vowed to reexamine the case once in office. "It's shameful that Mexico and Venezuela are the only countries in Latin...

  • SAN FRANCISCO— Pharmaceutical giant AbbVie illegally plied doctors with cash, gifts and services to prescribe one of the world's best-selling drugs, Humira, despite its potentially deadly complications, a California official said in a lawsuit filed Tuesday. It's likely patients were prescribed Humira because of the kickbacks provided by AbbVie and not...

  • The two companies are embroiled in a long-running graft case revolving around the purchase in 2011 of one of Africa's biggest oilfields- Nigeria's OPL 245- for about $1.3 billion. The case, which involves Eni CEO Claudio Descalzi and four former Shell managers including one-time Shell Foundation Chairman Malcolm Brinded, has spawned legal cases spanning...

  • Juan Carlos Castillo Rincon, 55, pleaded guilty in federal court in Houston to conspiring to violate the Foreign Corrupt Practices Act, the Justice Department said in a statement. Fourteen people have now pleaded guilty as part of an investigation by the Justice Department into bribery at PDVSA that became public with the arrest of two Venezuelan...

  • MADRID— A judge in Andorra has charged 28 people, including former officials in Venezuela, with money laundering offenses over a kickbacks-for-contracts scheme that plundered $2 billion from the Venezuelan state oil company between 2007 and 2012.. Among those accused are nine people from Andorra, five from Spain and 14 Venezuelans, including former deputy...

  • PRETORIA, Sept 12- South Africa's Special Investigating Unit will investigate whether a kickback of more than 35 million rand was paid for a state contract with German software firm SAP, a spokeswoman for the unit told Reuters. Asked for comment, SAP said it was reviewing all its public-sector contracts in South Africa dating back to 2010..

  • PRETORIA, Sept 12- South Africa's Special Investigating Unit will investigate whether a kickback of more than 35 million rand was paid for a state contract with German software firm SAP, a spokeswoman for the unit told Reuters. South African President Cyril Ramaphosa authorised the SIU investigation last week, after the country's anti-graft agency started...

  • In its independent assessment of compliance with the OECD Anti-Bribery Convention, the agency said Wednesday only 11 of 44 jurisdictions conduct active or moderate enforcement, including Germany, Israel, Britain, the U.S., Australia and Sweden. Thirty-three countries, accounting for 52 percent of world exports, had limited or little enforcement, including...

  • The tribunal unanimously held that a $9.5 billion pollution judgment by Ecuador's Supreme Court against Chevron "was procured through fraud, bribery and corruption and was based on claims that had been already settled and released by the Republic of Ecuador years earlier." Texaco, which Chevron acquired in 2001, was released from liability through a...

  • The tribunal unanimously held that a $9.5 billion pollution judgment by Ecuador's Supreme Court against Chevron "was procured through fraud, bribery and corruption and was based on claims that had been already settled and released by the Republic of Ecuador years earlier." American lawyer Steven Donziger won an $18 billion judgment in 2011, representing...

  • Sept 7- Chevron Corp said on Friday an international tribunal ruled in its favor and that Ecuador had violated its obligations under international treaties. The tribunal unanimously held that a $9.5 billion pollution judgment by Ecuador's Supreme Court against Chevron "was procured through fraud, bribery and corruption and was based on claims that had been...

  • MEXICO CITY, Aug 31- Odebrecht, the Brazilian construction company at the center of a far-reaching Latin American bribery scandal, said on Friday that wrongdoing at the company should not be used to impose sanctions against it in Mexico. Odebrecht paid $3.5 billion in settlements in the United States, Brazil and Switzerland in the wake of the scandal, which...

  • The outgoing government of President Enrique Pena Nieto has faced criticism for not bringing charges against Odebrecht, even though the company told U.S. and Brazilian prosecutors that it paid $10 million worth of bribes in Mexico. The scandal surrounding Odebrecht, which investigators began uncovering in 2014, led to the firm paying $3.5 billion in...

  • LONDON/ ZURICH, Aug 28- A Swiss court accepted a plea bargain on Tuesday from a former employee of energy trader Gunvor Group in relation to an investigation into corruption in Congo Republic and Ivory Coast, the former employee's lawyer said. The court confirmed the decision. The court's approval opens the possibility for the former employee, known as Pascal C, to...

  • WASHINGTON, Aug 27- The U.S. Securities and Exchange Commission said on Monday that Legg Mason will pay more than $34 million to resolve a charge it violated the Foreign Corrupt Practices Act in bribing Libyan officials to secure investments. The SEC said that between 2004 and 2010, a former Legg Mason asset management subsidiary, Permal Group Inc, partnered...

  • SEOUL, Aug 24- A South Korean appeals court sentenced former President Park Geun-hye to 25 years in jail on Friday, the Yonhap news agency reported, in a case arising from a corruption scandal that toppled her from power in early 2017.. The Seoul High Court found Park guilty of charges including bribery, Yonhap reported. A lower court jailed Park for 24 years in April,...

  • Aug 23- Microsoft Corp is being investigated by U.S. authorities over potential bribery and corruption related to software sales in Hungary, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The U.S. Justice Department and the Securities and Exchange Commission are probing how Microsoft sold its software such as Word and...