The DOJ filed a complaint Tuesday for the civil forfeiture of $34 million — the value of shares in a Canadian energy company used to bribe Chad’s former ambassador to the United States and Canada to influence the award of oil development rights.… Continue Reading
Jing Wang, the former president of global business operations for Qualcomm Inc., was sentenced Friday to 18 months in prison and fined $500,000 for his role in a three-year insider trading scheme and cover up.… Continue Reading
The issue of whether the identities of confidential sources for business intelligence reports should be protected from disclosure in civil litigation was the subject of a High Court decision in London yesterday arising from ongoing proceedings in New York.… Continue Reading
Former Petrobras director Pedro Barusco told a Brazilian court that a group of shipbuilding companies, including Keppel FELS and Jurong Shipyard, paid brides to win contracts with Sete Brasil.… Continue Reading
The UK’s corporate beneficial ownership register took a step closer last week with the government publishing a consultation exercise for the detailed registration regulations (the consultation period closes on July 17).… Continue Reading
China’s former state security chief Zhou Yongkang, who was sentenced to life imprisonment, leaked state secrets to a fortune teller by the name of Cao Yongzheng.
Cao was introduced to Zhou Yongkang through his eldest son, Zhou Bin, in 2000 and won Zhou’s trust by mentoring his younger son Zhuo Han.… Continue Reading
The Department of Justice released the following statement Wednesday (June 24) regarding U.S. citizens who are taken hostage abroad:
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When a U.S. citizen is taken hostage, the Department of Justice’s top priority is the safe return of the hostage. … Continue Reading
Journalists from the Organized Crime and Corruption Reporting Project uncovered documents last year appearing to show $300 million in bribes to Gulnara Karimova, the eldest daughter of Uzbek President Islam Karimov, in exchange for access to the country’s telecoms market.… Continue Reading
Brazilian police arrested Marcelo Odebrecht, the billionaire CEO of the powerful Odebrecht conglomerate.
He was arrested last week with three other senior company executives and the chief executive of Andrade Gutierrez, another huge construction company.… Continue Reading
A doctor and nurse who used to work for DaVita Healthcare Partners, Inc. could collect up to $135 million from a $450 million settlement the company paid to resolve False Claims Act allegations.… Continue Reading
This month, Transparency International published its survey of the UK’s AML enforcement and confiscation systems, particularly in relation to Financial Action Task Force (FATF) defined “grand corruption” (bribe-taking or kickbacks, extortion, self-dealing, conflicts of interest, and embezzlement from the national treasuries).… Continue Reading