The Justice Department Thursday charged two former Herbalife executives with bribing Chinese officials for ten years and covering it up by lying to the SEC and destroying evidence.… Continue Reading
A Canadian clean fuel technology company and its former chief executive officer agreed Friday to pay more than $4.1 million to the SEC to resolve charges that they violated the Foreign Corrupt Practices Act by bribing a government official in China.… Continue Reading
Quad/Graphics Inc. agreed Thursday to pay the SEC nearly $10 million to settle violations of the Foreign Corrupt Practices Act for long-running bribery schemes and cover-ups in Peru and China.… Continue Reading
Swedish telecom giant Ericsson said Wednesday it reserved around $1.2 billion to resolve an expected FCPA enforcement action by the DOJ and SEC.… Continue Reading
The World Bank debarred a state-owned Chinese engineering and construction company Wednesday for 20 months for fraud involving a project in the Republic of Zambia.… Continue Reading
Numerous stories have appeared in the English-language press about China’s social credit system (SCS). Most of these stories focus on SCS’s system of “scoring” individuals in China.… Continue Reading
Juniper Networks paid the SEC $11.7 million Thursday to settle FCPA offenses related to its sales practices in Russia and China.
The American technology company disgorged $4 million and paid a $6.5 million penalty to the SEC, plus pre-judgment interest of $1.3 million.
Juniper first disclosed the FCPA-related investigation in an SEC filing in August 2013.… Continue Reading
Deutsche Bank paid the SEC $16 million Thursday to settle FCPA offenses related to its hiring of relatives of public officials in China and Russia.
The German bank disgorged $10.7 million and paid a $3 million penalty to the SEC, plus pre-judgment interest of $2.4 million.
Deutsche Bank first disclosed the FCPA-related investigation in an SEC filing in March 2015.… Continue Reading
Walmart Inc. agreed Thursday to pay the DOJ and SEC $282 million to settle allegations that it violated the Foreign Corrupt Practices by paying an intermediary in Brazil for help obtaining construction permits and having weak anti-corruption internal controls in Brazil, China, India, and Mexico.… Continue Reading
The first Chinese citizen to head Interpol pleaded guilty in a court in China Thursday to taking $2 million in bribes.… Continue Reading
Uber Technologies, Inc. said Thursday the U.S. Department of Justice is investigating possible FCPA violations related to its activity in Asia.
According to Uber’s S-1 filing, the DOJ is investigating potential bribes in countries including Indonesia, Malaysia, China, and India.
In Indonesia, the ride-hailing company is being investigated for allegations of small payments to police, and “other potential improper payments.”
Here is the text from Uber’s S-1 filed April 11, 2019, courtesy of FCPA Tracker:
We received requests from the DOJ in May 2017 and August 2017 with respect to an investigation into allegations of small payments to police in Indonesia and other potential improper payments in other countries in which we operate or have operated, including in Malaysia, China, and India.… Continue Reading