Layne Christensen Company, a Texas-based water management, construction, and drilling firm, paid just over $5 million Monday to resolve FCPA charges brought by the SEC for bribes in a half dozen Africa countries to reduce taxes and speed up customs inspections and work permits.… Continue Reading
The Convention is important for curbing foreign bribery because its forty one signatory countries collectively account for approximately two-thirds of world exports.… Continue Reading
Hong Kong’s Democratic Party said Thursday it has asked the independent anti-corruption agency to investigate the territory’s leader over a $6.4 million payment he collected from an Australian engineering company while in office.… Continue Reading
Two former executive directors of Austria’s state-owned banknote printer pleaded guilty during a criminal trial in Vienna for a conspiracy to win business by bribing officials in Syria and Azerbaijan.
BHP Billiton is in discussions to resolve an investigation of potential Foreign Corrupt Practices Act violations that relate to the company’s sponsorship of the 2008 Beijing Olympics.
The world’s largest miner said in its annual report Thursday, “The issues relate primarily to matters in connection with previously terminated exploration and development efforts, as well as hospitality provided as part of the company’s sponsorship of the 2008 Beijing Olympics.”… Continue Reading
U.S. Attorney General Eric Holder was at NYU law school Wednesday, urging Congress to raise rewards for whistleblowers who report financial crimes.… Continue Reading
Internal emails leaked from Australia’s Leighton Holdings warn that a $24 million “facilitation payment” linked to a 2010 Iraq contract would “attract attention” from auditors.
Other emails talk about plans by senior employees to make payments to “friends” in the Middle East and to inflate and backdate contracts to win work in Iraq, the Financial Review reported Monday.… Continue Reading
The DOJ filed a civil forfeiture complaint in Manhattan federal court last week targeting seven properties allegedly purchased in Dutchess County, New York by a Greek national using the proceeds of a long-running human smuggling operation.… Continue Reading
The chief executive of Australia-listed Brockman Mining resigned last week after he was convicted in Hong Kong of taking a bribe.
Peter Luk was convicted by the district court in Hong Kong on August 5 of offenses under the Prevention of Bribery Ordinance and the Crime Ordinance.… Continue Reading
The Age reported from Australia last week that the government may change existing laws to create a “safe harbor” to shield company directors from prosecution.
The Australian Institute of Company Directors (AICD) — “a group representing Australia’s most powerful boardrooms” — made a proposal “to water down the Corporations Act and ASIC Act,” the Age said.… Continue Reading
Wikileaks Tuesday released what it said is “an unprecedented Australian censorship order concerning a multi-million dollar corruption case explicitly naming the current and past heads of state of Indonesia, Malaysia and Vietnam, their relatives and other senior officials.”… Continue Reading