Feb 27- Wal-Mart Stores Inc on Monday won the dismissal of a U.S. lawsuit accusing the world's largest retailer of defrauding shareholders in its Wal-Mart de Mexico unit by concealing its suspected bribery of public officials in Mexico. District Judge Katherine Polk Failla in Manhattan said holders of Wal-Mex's American depository shares cannot pursue...
LIMA, Feb 24- Grana y Montero's shares closed down about 33 percent on Friday after a local magazine reported that the Peruvian construction group knew about $20 million in bribes paid to a former president by its partner, scandal-tainted Brazilian firm Odebrecht SA. Hildebrandt en sus trece said the former head of Odebrecht Peru, Jorge Barata, told prosecutors...
LIMA, Feb 24- Grana y Montero shares fell more than 30 percent on Friday on a report the Peruvian builder knew about $20 million in bribes paid to former President Alejandro Toledo by scandal-tainted Brazilian firm Odebrecht SA. Hildebrandt en sus trece, a local magazine, said the former head of Odebrecht Peru, Jorge Barata, told a prosecutor the firm's three...
Piwowar's comments come at a time when many on Wall Street have been questioning whether the Justice Department and the SEC will ease enforcement of the FCPA. In addition, Trump's pick to lead the SEC, attorney Jay Clayton, previously chaired a committee at the New York City Bar Association which drafted a paper that was somewhat critical of how the law was being...
NEW YORK, Feb 23- A former Valeant Pharmaceuticals International Inc executive and the former chief executive of mail order pharmacy Philidor Rx Services pleaded not guilty on Thursday to charges they orchestrated a multi-million dollar fraud and kickback scheme. Federal prosecutors accused Gary Tanner, who was a senior director at Canadian drugmaker...
SAO PAULO, Feb 22- Brazil's Braskem SA is trimming investments this year as it winds down spending on a new plant in Mexico and cuts back strategic new projects after a bribery settlement hammered earnings last year, according to a Wednesday securities filing. Latin America's largest petrochemical company plans to invest 1.814 billion reais in 2017, down from...
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.
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.
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.
U.S. Federal law-enforcement authorities are investigating an alleged bribery scheme tied to the United Nations, the WSJ reported.
Brazil's Petrobras under investigation for alleged violations of the U.S. Foreign Corrupt Practices Act. May face $1.6 billion in fines. - Reuters.
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.
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.
Sepp Blatter insisted he cannot be responsible for keeping corruption from happening and said he should be re-elected as FIFA president.
"They corrupted the business of worldwide soccer," AG Loretta Lynch said of FIFA officials charged in a 46-count indictment.
Roughly 50 people have been arrested or charged in the Petrobras bribery scandal, reports CNBC's Michelle Caruso-Cabrera.
The Justice Department is expected to announce Alstom will plead guilty and pay $772 million in a bribery settlement, reports CNBC's Eamon Javers.
Alstom is close to settling a bribery charge for more than $500 million with the U.S. Justice Department, reports CNBC's Dominic Chu.
Bribery is alive and well in the developed world, as completion for contracts remains fierce among large global companies.