Monday, October 19, 2020

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Swiss Aircraft Firm Faces Corruption Allegations in India

The Indian Air Force has canceled a deal to buy 75 training planes from Swiss manufacturer Swiss Pilatus, amid allegations the firm paid more than $51 million in kickbacks to a defense consultancy firm that helped it secure the multi-million dollar contract. India’s Central Bureau of Investigation found that Pilatus had transferred funds to a […]
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Are Bribery and Corruption Being Overlooked by UK Authorities?

Syedur Rahman of Rahman Ravelli says that a new report by the Fraud Advisory Panel alleges that UK authorities are overlooking bribery and corruption, but argues that, while some criticism is justified, the real picture is not so clear cut. He acknowledges that “in the UK most corporate crime investigations remain just that – investigations.” […]
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The Miller & Chevalier 2020 Latin American Corruption Survey

FCPA Compliance Report is featuring a five-part podcast series taking a deep dive into the Miller & Chevalier Chartered 2020 Latin American Corruption Survey. The law firm and 14 partner firms have tracked perspectives on anti-corruption issues in the region since 2008, which Fox says is the most comprehensive survey on the perception of corruption […]
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Former Oil Executive Indicted in Bribery Scandal Linked to Venezuela

Federal prosecutors allege that former Citgo executive José Luis De Jongh Atencio received bribe payments of $2.5 million and tickets to big sports events from two business partners, both of whom have already pleaded guilty to their role in the scheme. De Jongh is a dual U.S.-Venezuelan citizen, and was a procurement officer for Citgo, […]
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Combatting Corporate Misconduct – Part 1: Five Things to Think About when Updating or...

New reforms to Australian whistleblower legislation came into effect this year with mandatory processes required to be in place by January 2020 for all public and large proprietary companies. The changes complement wide ranging reforms in a number of areas combatting corporate misconduct and white collar crime, in particular, reforms to Australia’s anti-bribery legislation, modern […]
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Appeals Court Upholds Bribery Conviction of Alstom Network

The Criminal Division of the UK Court of Appeal has upheld the conviction of the British subsidiary of French power and transportation company Alstom, over a bribery case related to an infrastructure contract in Tunisia. The court found that “directing minds” of the company do not need to be present for a corporate defendant to […]
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Airline Group’s Offices Raided by Colombian Prosecutors

Colombian authorities raided the offices of Avianca Holdings SA as part of a transnational bribery investigation. The airline first disclosed potential bribery law violations in August, saying it was investigating whether employees had provided free tickets and upgrades to public officials, and had notified DOJ and SEC of the investigation, because of their FCPA jurisdiction. […]
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UK Enforcement: Two Former Unaoil Execs Convicted of Iraq Bribes

Two out of three defendants that the UK’s Serious Fraud Office prosecuted for corruption in the Unaoil case were found guilty by the jury. Former Iraq territory manager Ziad Akle was convicted on two counts of conspiracy to make corrupt payments to an Iraqi official. Former general territories manager Stephen Whitely was found guilty of […]
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SFO Issues Guidance for Corporate Cooperation

The UK Serious Fraud Office has published a five-page memo that tells companies the steps they should take if they decide to cooperate with the agency in an investigation. The guidance doesn’t guarantee leniency in return for going “above and beyond what the law requires”, but says that charging decisions will take it into account. […]
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ZTE Denies Knowledge of Alleged US Bribery Investigation

ZTE has denied any knowledge of a reported investigation by US officials into alleged bribery practices. The Chinese telecommunications giant is facing scrutiny by...