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Editors

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Harry Cassin
Publisher and Editor

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Andy Spalding
Senior Editor

Jessica Tillipman FCPA Blog

Jessica Tillipman
Senior Editor

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Bill Steinman
Senior Editor

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Richard L. Cassin
Editor at Large

Elizabeth K. Spahn

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington

Cody Worthington
Contributing Editor

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Julie DiMauro
Contributing Editor

Tom Fox

Thomas Fox
Contributing Editor

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Marc Alain Bohn
Contributing Editor

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Bill Waite
Contributing Editor

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Russell A. Stamets
Contributing Editor

Richard Bistrong FCPA Blog

Richard Bistrong
Contributing Editor

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Eric Carlson
Contributing Editor

Posts Tagged: Egypt

SFO charges another individual in Alstom corruption case

Richard L. Cassin March 29, 2016

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

AML watch: The Egmont Group steps up enforcement against terrorist financing

Richard L. Cassin February 9, 2016

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

Former Bechtel exec jailed 42 months for taking Alstom bribes

Richard L. Cassin March 24, 2015

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

Former senior Bechtel exec took $5 million in kickbacks

Richard L. Cassin December 5, 2014

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

Mubarak jailed 3 years for embezzlement

Julie DiMauro May 22, 2014

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 takes a hit

Richard L. Cassin May 12, 2014

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