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Crime Bribery

  • BUENOS AIRES, May 9- Brazilian construction firm Odebrecht said it presented a leniency deal offer to Argentine judges on Tuesday as it seeks to settle investigations of its use of bribes to help secure lucrative contracts across Latin America. In that settlement, Odebrecht admitted to bribing officials in 12 countries, including $35 million in Argentina...

  • Brasilia, May 5- Brazil's former President Luiz Inacio Lula da Silva had "complete knowledge" of the massive political kickback scheme that centered on contracts at state-run oil firm Petrobras, a former top executive testified on Friday. Former Petrobras engineering and services director Renato Duque, testifying in the first of five corruption trials Lula...

  • Cardoso included Brazil's former President Luiz Inacio Lula da Silva, the front-runner in early polls for next year's presidential elections despite facing five corruption trials, as among those whose political careers have likely been destroyed by the kickbacks probe. Cardoso, himself facing accusations in the investigation, also said the profound...

  • May 3- Fallout from a series of corruption probes involving Brazilian construction firm Odebrecht S.A. is slowing down infrastructure development and creating negative spillovers across Latin America, Moody's Investor Service said on Wednesday in a report. Odebrecht is at the heart of Brazil's bribery and kickback probe, known as Lava Jato or Car Wash, which...

  • LONDON, May 2- The UK division of German logistics and freight company Bertling and five people have been charged with conspiracy to pay or accept bribes in a UK Serious Fraud Office inquiry into a North Sea oil exploration project. The SFO alleged on Tuesday that Robert McNally, Georgina Ayres, Giuseppe Morreale, Stephen Emler and F.H. Bertling Ltd conspired...

  • RIO DE JANEIRO, May 2- Brazilian prosecutors on Tuesday said they leveled new corruption charges against a one-time chief of staff for former President Luiz Inacio Lula da Silva, who is already serving long jail sentences on prior graft convictions. Prosecutors accused Jose Dirceu of taking 2.4 million reais in bribes from two engineering firms- UTC...

  • BRASILIA, April 28- Brazilian Supreme Court justice Gilmar Mendes ordered the release from jail of former mining and oil magnate Eike Batista, once the country's richest man, ahead of his trial on corruption charges, the court said on Friday. He is expected to stand trial along with an ex- Rio de Janeiro governor who allegedly took millions in bribes from the former...

  • LONDON, April 28- Libya's $67 billion sovereign wealth fund will go head-to-head with Societe Generale in London's High Court on Tuesday over claims the French investment bank paid $58.5 million in bribes to secure business from the fund. The Libyan Investment Authority is pursuing SocGen in relation to five trades totalling $2.1 billion, executed between...

  • Former President Park

    Byoung-Joo Kim of Hankuk University of Foreign Studies explains how public opinion has influenced the corruption trial and could impact Park's sentencing.

  • Prosecutors indicted Park on 18 charges, including bribery and abuse of power, for her role in a corruption scandal, reports Chery Kang from Seoul.

  • ING has confirmed it is facing a criminal investigation into alleged money laundering and corruption from Netherlands authorities.

  • South Korea accusses Samsung heir of bribery and other charges

    CNBC's Pauline Chiou reports Samsung heir Jay Y. Lee and four other executives will be charged with bribery, embezzlement and other offenses.

  • Two Brazilian companies to pay at least $2.6B in plea deal

    CNBC's Dominic Chu reports that two Brazilian companies are set to plead guilty in a criminal case involving bribery and corruption.

  • U.S. regulators said AstraZeneca will pay $5.52 million to resolve a foreign bribery probe into improper payments by its sales and marketing staff.

  • Global corruption crackdown

    Richard Bistrong of Front-Line Anti-Bribery, and Frank Vogl, author of "Waging War on Corruption," discuss the fight against corruption internationally in the wake of the scandal with Unaoil.

  • Corruption probes eventually good for Brazil

    Brian Winter, AS/COA Vice President of Policy and Americas Quarterly Editor-in-Chief, discusses former Brazilian president Lula da Silva's detention, and the ongoing corruption probes in the country.

  • The office of Preet Bharara, U.S. attorney of the Southern District of New York.

    U.S. Federal law-enforcement authorities are investigating an alleged bribery scheme tied to the United Nations, the WSJ reported.

  • Petrobras facing heat from Feds

    Brazil's Petrobras under investigation for alleged violations of the U.S. Foreign Corrupt Practices Act. May face $1.6 billion in fines. - Reuters.

  • China's new President Xi Jinping (R) talks with former President Hu Jintao (L) on March 14, 2013 in Beijing, China.

    A top aide to China's ex-president has been arrested and stripped of Communist party membership amid Beijing's anti-corruption purge. The Financial Times reports.

  • Singapore arrests match-fixers for SEA Games football

    Jeffrey Seah, CEO - South East Asia at Starcom MediaVest Group, discusses news that four men were charged over the weekend for trying to manipulate a SEA Games football match.