Contacts with a government in the course of conducting every day business raise the risk of providing something of value to a foreign official. This risk can be minimized via appropriate controls and efforts on the part of industry groups, through collective action, to improve regulatory quality.… Continue Reading
Since the start of the Ukraine crisis, NATO Secretary General Anders Fogh Rasmussen has called on NATO countries to increase defense spending. Poland has announced plans to accelerate a major military modernization program.… Continue Reading
The Securities and Exchange Commission Monday charged Bruker Corporation with violating the Foreign Corrupt Practices Act by paying for sightseeing trips and shopping expenses for Chinese government officials responsible for buying the company’s products.… Continue Reading
The director of the UK Serious Fraud Office said the agency is close to making more arrests in its bribery investigation of jet engine maker Rolls-Royce Holdings Plc.
I would hope that all of us have those moments when the course of our life pivots, and we suddenly find ourselves moving forward in a wonderfully new direction. Whether professional or personal, whether big and dramatic or small and subtle, these moments do much to define us.… Continue Reading
Two people were arrested in London on Wednesday as part of the Serious Fraud Office’s investigation into aerospace and defense company Rolls Royce’s dealings in Asia.
The publication last week of the EU’s first corruption monitoring report, with biennial ones to follow, highlights a striking disparity between its 28 members in tackling corruption.
A high-profile corruption trial began Monday in the Czech capital against the country’s former defense minister, Martin Bartak. The trial follows an investigation into accusations made by a former U.S.… Continue Reading
Prime Minister Petr Necas of the Czech Republic announced Monday he’ll resign after being engulfed in a corruption and abuse-of-power scandal.… Continue Reading
Country: Czech Republic
Company Involved: Tatra AS
Industry Subsector: Commercial Vehicles & Trucks
Official Involved: Former Defense Minister Martin Bartak
Enforcement Action: Charge
Summary: In 2010, former U.S. ambassador William Cabaniss alleged Martin Bartak asked for a $5 mlllion bribe to smooth over a lucrative deal for truck manufacturer Tatra AS.… Continue Reading