A post earlier this month reported the sentencing of former Bridgestone manager Misao Hioki to two years in jail and an $80,000 fine for violating the Foreign Corrupt Practices Act and conspiring to rig bids. Hioki, a Japanese citizen, became the ninth person from the so-called marine hose cartel to plead guilty to bid-rigging […]
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[…] $80,000 for violating the Foreign Corrupt Practices Act and conspiring to rig bids for the sale of marine hose and other industrial rubber products.
Former Bridgestone manager Misao Hioki pleaded guilty to two felony counts filed on Dec. 8, 2008 in U.S. District Court in Houston. He was charged for his role in a conspiracy […]
[…] fine for its role in conspiracies to rig bids and bribe foreign officials in Latin America from 1999 until 2007.
And in 2008, former Bridgestone manager Misao Hioki pleaded guilty to conspiracy to violate the FCPA and rig bids. He was sentenced to two years in jail and fined $80,000.
Hioki was one of […]
Tungsten, courtesy of Enough Project via YouTubeAn appellate court Monday struck down part of the conflict-minerals rule, leaving SEC-reporting companies wondering what disclosures to include in their conflict minerals reports due on May 31.
Compliance officers will want to keep a copy of the table below close at hand. What better way to answer those who insist that the FCPA is small potatoes, after all, when you look at the relatively few enforcement actions over the past 33 years. Here are the 22 men (no women so far), most […]
By all accounts, its appetite for growth in Mexico was insatiable. The drive to dominate the retail market there, according to the New York Times, allegedly led Walmart to pay $24 million in bribes to fast track store permits. No one has accused Walmart of other violations. But we’ve noticed a link between overseas bribery […]
[…] services company said it has identified potentially corrupt payment practices in Venezuela.This year, Siemens admitted paying $16.7 million in bribes there, and former Bridgestone manager Misao Hioki said he negotiated corrupt payments with Venezuelan officials. Earlier FCPA enforcement actions involving Venezuela were Oil States International, Inc. (2007) and BellSouth Corp. (2002). In […]
Bridgestone Corporation will plead guilty and pay a $28 million criminal fine for its role in conspiracies to rig bids and bribe foreign officials, the DOJ said today. Tokyo-based Bridgestone was charged in a two-count criminal information filed in federal court in Houston. The maker of marine hose and other industrial products was charged with […]
A former saleswoman for medical device maker Acclarent was awarded $3.5 million as her share of an $18 million settlement of a whistleblower suit alleging false marketing claims.