As China reels under a cascade of stunning property-related corruption scandals, several local governments are placing restrictions on the availability of housing ownership information.
Authorities in Zhangzhou (Fujian Province) and Yancheng (Jiangsu Province) have banned residents from running property information searches by homeowner name.… Continue Reading
Company Involved: Zenon
Industry: Oil & Gas
Industry Subsector: Exploration
Officials Involved: Farouk Lawan, MP; Emenalo Boniface, MP
Enforcement Action: Charge
Summary: Farouk Lawan allegedly solicited a $3 million bribe from oil tycoon Femi Otedola to drop Otedola’s company, Zenon, from a parliamentary inquiry into a fuel subsidy scam thought to have cost Nigeria $6.8 billion.… Continue Reading
A federal district court judge in New York City today threw out the SEC’s civil FCPA enforcement action against a former Siemens executive accused of helping pay $100 million in bribes to officials in Argentina.… Continue Reading
At least seven officials in Latvia, including members from the Riga city council, will be prosecuted for taking bribes from German vehicle-maker Daimler AG in return for public transport contracts.
Latvia’s Corruption Prevention Bureau this month requested the prosecutor’s office to bring the charges based on information provided by U.S.… Continue Reading
Goodyear Tire & Rubber Company said last week it has taken remedial measures after an internal investigation into improper payments in Kenya and Angola.
The Kenya probe was triggered by an anonymous complaint via the company’s ethics hotline.… Continue Reading
Title: SVP Anti-Bribery & Anti-Corruption Officer
Location: New York, NY
Job Scope: Responsible for enhancing and consolidating the HNAH Anti-Bribery & Anti-Corruption program to ensure that HNAH in the United States is in compliance with all aspects of the U.K.… Continue Reading
Last week, I was discussing a report with fellow compliance practitioner Craig Bloom, that Giuseppe Orsi, President of one of Italy’s largest conglomerates, Finmeccanica, SpA, was arrested under allegations of bribery in Finmeccanica’s sale of twelve helicopters to the Indian Government in 2010.… Continue Reading
Company Involved: Securency International
Industry: Consumer Services
Industry Subsector: Printing
Official Involved: Charles Soludo, former governor of the Central Bank of Nigeria (CBN)
Enforcement Action: Arrest
Summary: Charles Soludo was arrested by the Economic and Financial Crimes Commission.… Continue Reading