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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

Ericsson reserves $1.2 billion for FCPA settlement

Swedish telecom giant Ericsson said Wednesday it reserved around $1.2 billion to resolve an expected FCPA enforcement action by the DOJ and SEC.

The Stockholm-based LM Ericsson Telephone Company said it was cooperating with the DOJ and SEC regarding possible FCPA violations in China, Djibouti, Indonesia, Kuwait, Saudi Arabia, and Vietnam.Continue Reading

World Bank announces three new debarments

The World Bank announced the debarments of Indonesian, Chinese, and Spanish companies Wednesday in three unrelated actions. 

PT. Suburo Jayana Indah Corp. (Sujainco) was debarred for two years for “fraud and collusion” on the World Bank funded Water Resources and Irrigation Sector Management Program (Phase II) project in Indonesia. Continue Reading

Uber discloses FCPA investigation

Uber Technologies, Inc. said Thursday the U.S. Department of Justice is investigating possible FCPA violations related to its activity in Asia. 

According to Uber’s S-1 filing, the DOJ is investigating potential bribes in countries including Indonesia, Malaysia, China, and India. … Continue Reading

Jho Low party boat sails into Malaysia

The $250 million super yacht once belonging to 1MDB fugitive Low Taek Jho docked in Malaysia Tuesday.

The Equanimity arrived at Malaysia’s Port Klang flanked by Malaysian navy boats. Images and videos of the vessel appeared on Twitter the same day.… Continue Reading

Najib charged with money laundering

Malaysia’s former prime minister Najib Razak was charged Wednesday with three counts of money laundering tied to the looting of billions of dollars from a government sovereign wealth fund.

Police in Malaysia said Najib stole about $10 million from a unit of 1MDB called SRC International.… Continue Reading