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Editors

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

Top Indonesia traffic cop pocketed $11 million, prosecutors say

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

Execs see Africa opportunities, but risks too

FCPA Blog-sponsor AlixPartners teamed with Dentons to survey multinational companies about their current and future business objectives in Africa.

The survey aimed to better understand whether companies perceived Africa to be an attractive investment destination, given the continent’s legacy of corruption and political instability.… Continue Reading

SEC asks Tesco about FCPA, use of agents

Oil and gas services firm Tesco Corporation said this week the SEC asked it to ‘preserve and retain’ documents related to FCPA compliance and its use of commercial agents in an undisclosed country.… Continue Reading

Stanley Sends Big Check To KBR

Jack Stanley paid his former employer Kellogg, Brown & Root LLC $9.25 million last week as partial restitution for kickbacks he took when he ran the company.

He was sentenced on February 23 to 30 months in prison for conspiracy to violate the Foreign Corrupt Practices Act and commit mail and wire fraud.… Continue Reading

After They’re Gone

Muammar al-Gaddafi at the 12th AU summit, February 2, 2009, in Addis Abeba.

By Bill Waite and Martin Stone

A by-product of the type of regime changes seen recently in Tunisia and Egypt, and appearing likely in Libya, is a wave of overseas asset traces.… Continue Reading

Swiss Time

Within a half hour of Mubarak’s resignation on Friday, Switzerland had acted.

“I can confirm that Switzerland has frozen possible assets of the former Egyptian president with immediate effect,” a Swiss government spokesman told Reuters, without saying more.… Continue Reading

Graft And Political Risk

Muammar Abu Minyar al-Gaddafi, also known as Colonel Gaddafi, leader of Libya since 1969. Photo by James GordonPredicting what leaders will fall from power is never easy, even for the pros (“Who lost Iran?).… Continue Reading

The Carnage Of Corruption

A Haitian boy receives treatment at an ad hoc medical clinic after an earthquake measuring 7 plus on the Richter scale rocked Port au Prince Haiti just before 5 pm, January 12, 2010.Continue Reading

A Shocking Confession

German police last Thursday raided a global pipeline-equipment supplier on suspicion of bribing foreign officials to win work.

The raid came two weeks after Eginhard Vietz, 69, the owner and managing director of Hanover-based Vietz GmbH, gave an interview to the German business newspaper Handelsblatt.… Continue Reading

Daimler Charged For Bribery [Updated]

Germany’s Daimler AG has been charged in a criminal information with Foreign Corrupt Practices Act-related violations involving “at least 22 countries over almost a decade.” China, Croatia, Egypt, Greece, Hungary, Indonesia, Iraq, Ivory Coast, Latvia, Nigeria, Russia, Serbia, Montenegro, Thailand, Turkey, Turkmenistan, Uzbekistan, and Vietnam are among the countries mentioned.… Continue Reading