The Justice Department said today that Albert “Jack” Stanley, 65, a former chairman and CEO of KBR, the global engineering and construction firm based in Houston, pleaded guilty to a two-count criminal information charging him with conspiracy to violate the Foreign Corrupt Practices Act and conspiracy to commit mail and wire fraud.… Continue Reading
Two former telecommunications executives who admitted bribing employees of state-owned companies in Africa and concealing the payments have avoided prison in exchange for their cooperation in an ongoing FBI investigation.
The Justice Department said yesterday that Roger Michael Young, 48, of Washington, D.C.,… Continue Reading
Frederic Bourke won’t face Foreign Corrupt Practices Act charges after all. He was indicted in May 2005 with Victor Kozeny and David Pinkerton over an alleged plan to bribe officials from Azerbaijan from 1997 to 1999 in connection with the privatization of the state oil company.… Continue Reading
California-based Con-way, Inc., a global freight forwarder, has paid a $300,000 penalty and accepted a cease and desist order to settle a Foreign Corrupt Practices Act enforcement action with the Securities and Exchange Commission.… Continue Reading
Syriana is the best Hollywood movie ever made about the Foreign Corrupt Practices Act. It’s also the only Hollywood movie ever made about the FCPA. But despite enthusiastic support for the film by some of our readers, we can’t give it top marks in our Sleaze in the Cinema category.… Continue Reading
Compliance concerns have forced Swiss logistics giant Panalpina to withdraw completely from the Nigerian domestic market. It said in its 2008 half-yearly report (available here) that it will sell its local operations to a Nigerian group and retain no ownership or operating interest.… Continue Reading
Scandal-plagued Siemens now faces possible charges of public corruption in Argentina. Police in Buenos Aires raided Siemens’ office there in connection with a bribery investigation. The United States, Greece, Italy, China, Hungary, Indonesia and Norway are also investigating whether Siemens broke anti-corruption laws.… Continue Reading