Corruption has been a critical hurdle for Latin American countries, denting growth, weakening democracy and governance, and violating the rights of citizens. With governments under increasing financial strain and healthcare systems severely impaired by the pandemic, graft’s effects on society are amplified.… Continue Reading
Posts Tagged: Dominican Republic
Brazilian aircraft manufacturer Embraer SA is paying more than $205 million to the DOJ and SEC to resolve violations of the Foreign Corrupt Practices Act.
Embraer bribed officials in the Dominican Republic, Saudi Arabia, and Mozambique.… Continue Reading
Brazilian aircraft manufacturer Embraer SA said Friday it booked a $200 million loss contingency in connection with “allegations of non-compliance with the U.S. Foreign Corrupt Practices Act.”… Continue Reading
Authorities in Brazil filed a criminal action against eight Embraer SA employees for an alleged $3.5 million bribe to an official in the Dominican Republic in return for a $92 million contract for attack planes.… Continue Reading
Federal criminal prosecutions against individuals, including most FCPA cases, often include asset forfeiture counts. Faced with the prospect of being stripped of everything they own, most defendants forget about going to trial and cop a plea instead.… Continue Reading
The former chief of Indonesia’s traffic police is on trial, accused of corruptly amassing houses, land, cars, and even gas stations.
Inspector General Djoko Susilo was arrested in December.
At the opening of his trial this week at a special anti-corruption court in Jakarta, prosecutors said his ill-gotten assets amounted to more than $11 million.… Continue Reading