A former coal executive was arrested and charged Thursday with one count of conspiracy to violate the FCPA and two counts of violating the FCPA in connection with his alleged role to bribe officials at a state-owned Egyptian company.… Continue Reading
Posts Tagged: Egypt
A former Alstom sales manager in the United States who helped the DOJ prosecute other company executives and testified at the trial of one of them was sentenced Monday to two years of supervised release.… Continue Reading
A federal judge Wednesday partially acquitted the former Alstom S.A. executive convicted by a federal jury in November of bribing officials in Indonesia, ruling that prosecutors had failed to prove he violated the Foreign Corrupt Practices Act by acting as an agent of Alstom’s Connecticut subsidiary.… Continue Reading
The DOJ unsealed an indictment Tuesday against two former executives of Alstom S.A. and a former executive of the Japanese trading company Marubeni Corporation, for allegedly bribing the head of the state-owned power company in Indonesia and members of parliament there.… Continue Reading
In a statement Friday about its recent $1 billion FCPA resolution, Swedish telecom Ericsson made some frank admissions about its bad actors, and provided rare insight into what simultaneous FCPA negotiations with the DOJ and SEC are like.… Continue Reading
Swedish telecom Ericsson agreed Friday to pay the DOJ and SEC over $1 billion in one of the biggest Foreign Corrupt Practices Act enforcement actions ever.… Continue Reading
A former Alstom SA executive who carried a UK passport, worked in France, and said he never set foot in the United States, was convicted Friday by a federal jury on 11 of 12 counts for his part in a scheme to bribe government officials in Indonesia.… 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
The World Bank Group Tuesday debarred AC Boilers SpA and two affiliates for nine months for violating integrity guidelines during bids in Egypt.
An investigation by the World Bank Integrity Vice Presidency revealed that AC Boilers “recklessly failed to disclose” the identities and payment amounts of two local agents when bidding for a World Bank-financed contract under Egypt’s El Tebbin Power Project.… Continue Reading
Sometimes your supply chain will deliver an old-fashioned, pre-database, non-FCPA related integrity issue: the old bait and switch.
Target Corporation has severed business ties with Indian textile manufacturer Welspun India (NSE:WELSPUNIND) after it accused the company of substituting cheaper cotton for higher quality Egyptian cotton.… Continue Reading
The UK Serious Fraud Office charged another individual Tuesday as part of the ongoing investigation into Alstom.
Terence Stuart Watson, the Alstom Country President for the UK and Managing Director of Alstom Transport UK and Ireland, was charged with violating section 1 of the Prevention of Corruption Act 1906 and with conspiracy to corrupt contrary to section 1 of the Criminal Law Act 197.… Continue Reading