On December 26, 2020, China amended its Criminal Law to increase the penalties on “non-state functionaries” for taking or soliciting bribes.… Continue Reading
A former employee of Southwestern Energy Co. was jailed for 36 months Wednesday after pleading guilty to embezzling nearly $450,000 from her employer and then asking for leniency by faking terminal breast cancer.… Continue Reading
The Indian Supreme Court has expanded the definition of public servant in a decision that has implications for not only the banking system but potentially the country’s broader struggle against corruption.… Continue Reading
A federal jury in San Diego convicted a husband and wife of embezzling federal funds meant to provide job training and equipment for injured Marines returning from Iraq and Afghanistan.… Continue Reading
Anyone who has spent time dealing with compliance issues in China has come across the fapiao (发票). This four-part series will try to explain (1) what a fapiao is, (2) the different types of fapiaos and receipts in China, (3) how fapiaos can be misused for fraud, embezzlement, and corruption, and (4) ways to counter these schemes to minimize compliance risk.… Continue Reading
A California man who embezzled nearly $370,000 from the Girl Scouts of Greater Los Angeles (GSGLA) while he worked for them as senior property manager was sentenced last week to 20 months in federal prison.… 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
Russian opposition leader and anti-corruption blogger Alexei Navalny was convicted of libel Tuesday and could be sent to prison.
Navalny, 37, has been one of President Vladimir Putin’s most prominent critics.… Continue Reading
Here’s the full FCPA disclosure from the Form 10-K filed by the Hewlett-Packard Company with the SEC on December 27:
The German Public Prosecutor’s Office (“German PPO”) has been conducting an investigation into allegations that current and former employees of HP engaged in bribery, embezzlement and tax evasion relating to a transaction between Hewlett-Packard ISE GmbH in Germany, a former subsidiary of HP, and the General Prosecutor’s Office of the Russian Federation.… Continue Reading
Two former top executives at Vietnam’s national shipping company Vinalines were sentenced to death Monday for embezzlement and wasting state funds.… Continue Reading
A report today in Bloomberg’s Businessweek said state prosecutors in Germany arrested three former Hewlett-Packard managers for paying bribes in Russia nine years ago.
A spokesman for the Saxony chief prosecutor said a Finnish woman, an American man and a German man were charged with bribery, breach of trust, and aiding in tax evasion.… Continue Reading