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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
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

Bill Steinman
Contributing Editor

Safran Fined For Nigeria Bribes

French defense and security firm Safran was fined €500,000 last week by a court in Paris for bribing government officials in Nigeria.

Reuters reported that an investigating magistrate ‘found that the bribes had helped Safran win a €170 million contract to make more than 70 million identity cards.’… Continue Reading

French Warrant For Alleged Kleptocrat

France issued an arrest warrant late last month for the son of the president of Equatorial Guinea.

Teodoro Nguema Obiang Mangue, left, known as Teodorin or Teddy, is accused of laundering money from Equatorial Guinea for purchases in France of multi million dollar properties and a fleet of luxury cars.… Continue Reading

OECD Enforcement Scores

Transparency International’s latest report about antibribery enforcement in the OECD breaks down this way:

Active Enforcement: Seven countries: Denmark, Germany, Italy, Norway, Switzerland, United Kingdom, and United States

Moderate Enforcement: Nine countries: Argentina, Belgium, Finland, France, Japan, Korea (South), Netherlands, Spain, and Sweden

Little or No Enforcement: 21 countries: Australia, Austria, Brazil, Bulgaria, Canada, Chile, Czech Republic, Estonia, Greece, Hungary, Ireland, Israel, Luxembourg, Mexico, New Zealand, Poland, Portugal, Slovak Republic, Slovenia, South Africa, and Turkey

For specifics, the report said the United States has 227 cases (prosecutions and investigations) in the 2011 report, up from 169 in 2010; Germany has 135 cases, up from 117; and Brazil reports eight ongoing investigations, up from four in TI’s last report.… Continue Reading

Alstom’s Swiss Banker Acquitted

A Swiss federal criminal court last week acquitted a private banker in Zurich of bribery and money laundering charges growing out of his relationship with French firm Alstom SA.

According to a report Thursday by Gabriella Broggi in BusinessWeek, Oskar Holenweger was charged with taking bribes of CHF1 million ($1.1… Continue Reading

Nailing His Assets

Former Tunisian President Zine El Abidine Ben AliLast month, Tunisia’s citizens decided they’d finally had enough of their kleptomaniacal president Ben Ali, who managed to escape to Saudi Arabia.

By the time of his hasty departure, he’d ruled the country for 23 years and reportedly had expropriated for the private enjoyment of himself and his family about a third of the country’s economy.… Continue Reading

Happy New Year

We wish all our readers, contributors, and sponsors a Happy New Year.

This blog was launched in 2007 with a short post about an enforcement action against Textron. That company’s compliance problems, we noted, were caused by fifth-tier French subsidiaries.… Continue Reading

Alcatel-Lucent Settles Bribery Case

In one of the biggest Foreign Corrupt Practices Act settlements of all time, Paris-based Alcatel-Lucent S.A. will pay $137 million for bribing officials in Costa Rica, Honduras, Malaysia, and Taiwan.

The company and three subsidiaries will pay $92 million to resolve criminal charges with the DOJ and $45 million in disgorgement to the SEC.… Continue Reading