For at least ten years, Germany’s financial regulator heard detailed complaints from reliable sources about a $2 billion accounting fraud at Wirecard AG but failed to act.… Continue Reading
The UK Serious Fraud Office fined FH Bertling Ltd £850,000 ($1 million) Monday for bribes to secure contracts in Angola.
The investigation and prosecution focused on Germany-headquartered FH Bertling’s involvement in an oil project in Angola and employees bribing a local state oil company official to secure $20 million in shipping contracts, the SFO said. … Continue Reading
Three former executives of a German logistics firm and an oil company employee they bribed were sentenced to prison in London Friday, but were spared serving any jail time when the judge suspended the sentences.… Continue Reading
The UK Serious Fraud Office said three former FH Bertling Group senior executives and a ConocoPhillips employee were convicted Tuesday for their role in a bribes-for-contracts plot.
Executives at Germany-headquartered FH Bertling paid around $445,000 in bribes to win a freight forwarding contract with ConocoPhillips worth $20 million.… Continue Reading