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. … Continue Reading
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
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 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
This year’s annual report from the Integrity Vice Presidency (INT) of the World Bank Group report put Canada in the spotlight — specifically, our top court’s recent decision in World Bank Group v.… Continue Reading
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
Here is the astounding opening passage from a decision by the Supreme Court of Canada issued on April 29 in World Bank v. Wallace:
Corruption is a significant obstacle to international development.… Continue Reading
In a June 23 letter, 130 members of Congress urged President Obama to finalize an Executive Order requiring federal contractors to disclose their political contributions.
“With public funds come public responsibilities,” the letter said, and at $350 billion yearly in federal spending alone, the U.S.… Continue Reading
Police in Canada arrested seven people, including officials of IBM and its local partner, along with employees of Quebec’s tax agency for alleged corruption in connection with a $24 million contract.… Continue Reading