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Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Global Contagion Report: Portugal Telecom

Country: Brazil

Company Involved: Portugal Telecom SGPS SA

Industry: Telecommunications

Industry Subsector: Mobile Telecommunications

Officials Involved: Luiz Inácio Lula da Silva, former president of Brazil; Antonio Palocci, former finance minister

Enforcement Action: Investigation

Summary: Prosecutors in Brazil are investigating Luiz Inácio Lula da Silva in connection with Brazil’s sweeping “mensalão” scheme, in which monthly bribes were paid to coalition party deputies in exchange for political support.… Continue Reading

Job: General Counsel

Job Title: General Counsel

Company: Open Society Foundations

Location: New York, NY

Job Scope: The Open Society Foundations work to build vibrant and tolerant societies whose governments are accountable and open to the participation of all people.… Continue Reading

SEC releases final settlement order with Philips

The Securities and Exchange Commission on Tuesday released its final administrative order against Dutch electronics firm Koninklijke Philips Electronics N.V. reflecting an out-of-court settlement of FCPA-related allegations.

Philips agreed to pay $4.5 million in the settlement, consisting of disgorgement of $3.1 million and prejudgment interest of $1.4 million.… Continue Reading

Global Contagion Report: AgustaWestland

Country: India

Company Involved: AgustaWestland

Industry: Industrials

Industry Subsector: Defense

Official Involved: V.S. Saini, Air Force brigadier

Enforcement Action: Investigation

Summary: In the course of probing an allegedly corrupt helicopter supply contract between the Indian military and Finnmeccanica subsidiary AgustaWestland, Italian investigators uncovered evidence that may point to a separate scam surrounding helicopter procurement.… Continue Reading

Auto news from China

Image courtesy of mouthpiece People’s Daily recently announced a marked decline in government officials’ wanderlust following the installation of GPS devices in their vehicles.
On average, officials in Guangzhou (Guangdong Province) drove about 27 percent less once they knew they were being tracked, resulting in potential savings of $805 per vehicle per month, the newspaper said.… Continue Reading