Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Image courtesy of General CableKentucky-based General Cable Corporation said it added $4 million to its reserve and has now set aside $28 million that’s “probable to be disgorged” to the SEC in a possible settlement of FCPA offenses.… Continue Reading
The Egmont Group — Financial Intelligence Units from 151 jurisdictions, with 19 other observer organizations — issued its latest Communiqué from its meeting in Monaco last week, targeting terrorist financing.
The Egmont Group, founded in 1995, is used by enforcement agencies to share information and help each other develop evidence to prosecute financial crimes, such as money laundering, tax evasion, and graft.… Continue Reading
A British man was sentenced to two-and-a-half years in prison Monday after he pleaded guilty to conspiracy to take bribes in connection with purchasing decisions for energy and infrastructure projects in Egypt, Russia, and Singapore.… Continue Reading
Image courtesy of Alstom SAThe UK Serious Fraud Office brought new charges Thursday against a UK subsidiary of Alstom SA and an Alstom employee for alleged corruption in a project to supply trains to the Budapest Metro.… Continue Reading
A ex-Bechtel Corporation vice president was sentenced Monday to 42 months in prison for taking $5.2 million in kickbacks to rig bids for state-run power contracts in Egypt.
Asem Elgawhary, 73, of Potomac, Maryland pleaded guilty in December 2014 to mail fraud, conspiracy to commit money laundering, obstruction, and interference with the administration of the tax laws. … Continue Reading
A former top executive of Bechtel Corporation pleaded guilty Thursday for taking $5.2 million in kickbacks to rig bids for state-run power contracts in Egypt.
Asem Elgawhary, 73, of Potomac, Maryland, entered his plea in federal court in Maryland to mail fraud, conspiracy to commit money laundering, and obstruction and interference with the administration of the tax laws. … Continue Reading
We’ve talked about graft as a cause of war. Now the Carnegie Endowment for International Peace has weighed in. It published a landmark study this month called Corruption: The Unrecognized Threat to International Security.… Continue Reading
Deposed former Egyptian president Hosni Mubarak was sentenced Wednesday by a Cairo court to three years in prison for embezzling public funds.
Mubarak’s two sons were jailed for four years on charges of stealing state funds that had been earmarked for the renovation of presidential palaces but were diverted to make lavish renovations to family properties.… Continue Reading
Freedom House said in its latest report that 54 countries showed overall declines in political rights and civil liberties, compared with 40 that showed gains.
“For the eighth consecutive year, Freedom in the World recorded more declines in democracy worldwide than gains,” Freedom House said.… Continue Reading
DOJ has opened a criminal bribery investigation into the nonprofit, National Geographic Society, and the details are worthy of another Indiana Jones movie or an Egypt-based episode of the Bones TV show.… Continue Reading
Buildings are collapsing in Lagos, Ibadan, Abeokuta, Kaduna, Kano and other Nigerian cities.
The latest incident in Abuja killed two people.
‘This is gradually becoming a national nightmare and embarrassment,’ according to the editors of Leadership, a Nigeria newspaper.… Continue Reading
Image courtesy of WikipediaAnother high-flying China official has been indicted for taking bribes.
Tian Xueren, the former deputy governor of Jilin Province, is accused of taking about $3 million on 85 occasions between 1995 and 2011.… Continue Reading
