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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Bill Steinman
Contributing Editor

Is willful blindness an affliction that can be cured?

The Canadian Broadcasting Corporation has done a tremendous job of detailing the fall from grace of engineering giant SNC-Lavalin’s former $5 million-per-annum CEO, Pierre Dunhaime, after the company become mired in a major corruption scandal which has gripped Canada and already claimed political scalps. 

Dunhaime was recently sentenced to 20 months’ house arrest and 240 hours of community service, as well as handing over a $200,000 cheque, after pleading guilty to a charge of helping a public servant commit a breach of trust.… Continue Reading

World Bank sanctions healthcare group for hiding agent commissions

The World Bank Friday debarred two related healthcare companies for misrepresenting the amount of commissions one of them agreed to pay an agent under projects in Bangladesh.

The 18-month debarments were imposed on ConvaTec International Services GmbH, based in Switzerland, and ConvaTec Malaysia Sdn Bhd, based in Malaysia.… Continue Reading

World Bank debars units of Aussie engineer SMEC

The World Bank Thursday said it debarred five subsidiaries of a leading Australia-based engineering firm after the bank found evidence of “inappropriate payments.” 

SMEC International Pty. Ltd., a subsidiary of SMEC Holdings Pty.… Continue Reading

Feds close five-year FCPA probe of IBM

IBM said in an SEC filing that the DOJ and SEC have closed their FCPA investigations into transactions in Argentina, Bangladesh, Poland, and Ukraine.

The U.S. investigations started in early 2012 when IBM notified the SEC of a probe by the Polish Central Anti-Corruption Bureau.… Continue Reading

General Cable pays $75 million for FCPA settlement

General Cable Corporation will pay the DOJ and SEC $75.75 million to resolve FCPA violations in Angola, Bangladesh, China, Egypt, Indonesia, and Thailand.

Between 2002 and 2013, General Cable subsidiaries paid $13 million to third-party agents and distributors.… Continue Reading

FCC fines Siemens for failing to disclose FCPA and obstruction convictions

The Federal Communications Commission fined Siemens Corporation and Siemens Medical Solutions $175,000 Thursday for failing to disclose corporate felony convictions as required by the FCC’s rules.

Several Siemens companies hold FCC wireless licenses and were required to disclose on their applications prior criminal convictions for violations of the Foreign Corrupt Practices Act and, separately, obstruction of justice.… Continue Reading