Will drug makers be the target of the next industry-wide Foreign Corrupt Practices Act investigation, following in the footsteps of the oil and gas services companies and orthopedic device makers? It’s possible. Their sales practices are in the news a lot these days. And amid the healthcare debate, drug-company behavior anywhere invites attention in Washington […]
Search Results for: label/Victor Kozeny – Page 13
It occurred to me that work-from-home has always been the norm for writers. So I wondered how seasoned professionals handle all the WFH temptations to procrastinate. Are there lessons for the rest of us?
[…] years in jail for conspiring to violate the FCPA, money laundering and lying to federal investigators. Bourke says he didn’t know about the bribery. His co-defendant Viktor Kozeny is a fugitive in the Bahamas. United Industrial Corporation (UIC) (May 29, 2009) Civil enforcement action resolved. The Securities and Exchange Commission filed a settled enforcement […]
A unit of Alcoa agreed to plead guilty Thursday in the Western District of Pennsylvania to one count of violating the anti-bribery provisions of the FCPA with a 2004 corrupt transaction. Alcoa World Alumina LLC, a majority-owned subsidiary, will pay a criminal fine of $209 million and forfeit $14 million to settle the DOJ’s charges. Alcoa Inc., the corporate parent, also agreed to resolve civil charges brought by the Securities and Exchange Commission by disgorging $161 million.
In Canada, Prime Minister Justin Trudeau and his federal Liberal government have been ensnared in a now long-running scandal arising from much publicized allegations that the government, including the Prime Minister himself, improperly attempted to interfere in the ongoing criminal case against SNC-Lavalin, an engineering company based in Quebec — where Liberal support is conveniently the strongest.
Chicago-based spirits maker Beam Suntory Inc. agreed Monday to pay more than $8 million to resolve Foreign Corrupt Practices Act charges for improper payments by its Indian subsidiary.
The breaking news is that U.S. petroleum company, ConocoPhillips, headquartered in Texas, has been authorized by a Curacao court to seize in the region of $636 million in assets belonging to Petróleos de Venezuela, S.A (Venezuela’s state oil company, or PDVSA).
The news earlier this month that Google was to follow Facebook and ban all ads for cryptocurrencies wasn’t entirely unexpected. However, it did say much about the way such innovative technology is being misused.
[…] event was fabricated. . . . The prosecution’s cooperating witness thus invented one of the key events in the case.” Bodmer, a Swiss lawyer who helped Viktor Kozeny move money that was used to bribe Azeri officials, pleaded guilty seven years ago to conspiracy to launder money. His cooperation with prosecutors might earn him […]
An Australian joint venture partner of Alcoa said this week that possible FCPA settlements with the DOJ and SEC for alleged bribes to officials of Bahrain’s Alba could amount to more than $300 million.