The Securities and Exchange Commission Monday charged Bruker Corporation with violating the Foreign Corrupt Practices Act by paying for sightseeing trips and shopping expenses for Chinese government officials responsible for buying the company’s products.… Continue Reading
A former top executive of Bechtel Corporation pleaded guilty Thursday for taking $5.2 million in kickbacks to rig bids for state-run power contracts in Egypt.
Asem Elgawhary, 73, of Potomac, Maryland, entered his plea in federal court in Maryland to mail fraud, conspiracy to commit money laundering, and obstruction and interference with the administration of the tax laws.
His sentencing is scheduled for March 23, 2015.… Continue Reading
The Convention is important for curbing foreign bribery because its forty one signatory countries collectively account for approximately two-thirds of world exports.… Continue Reading
Italian prosecutors investigating state-owned oil giant Eni SpA over a Nigeria oilfield deal three years ago believe half of the $1.1 billion that Eni paid went as bribes to government officials or to intermediaries with close ties to them.… Continue Reading
The group of donors who contribute aid directly to Mozambique pledged $275 million in aid this week, a decrease from the $309 million given last year, citing concerns about corruption in the region.… Continue Reading
The mayor of Venice and at least 30 others have been arrested in a corruption investigation related to the building of underwater barriers to protect the city from flooding.
Here’s a note from the volunteer researcher who produces the Corporate Investigations List. A reader asked if we could identify the countries involved in the current investigations. We asked the volunteer researcher about it, and here’s the response:
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China is dominating the disclosures.… Continue Reading
The Group of 20 members represent around 85 per cent of the world’s gross domestic product, over 75 per cent of global trade, and two-thirds of the world’s population.
An Italian citizen was extradited from Germany on a charge of participating in a conspiracy to suppress and eliminate competition by rigging bids, fixing prices, and allocating market share for marine hose sold in the United States and elsewhere, the DOJ said Friday.… Continue Reading
An Italian businessman who built a $350 million empire on cleaning contracts and industrial maintenance was arrested in Spain on charges embezzlement, bankruptcy fraud, money laundering, and tax offenses.
Giovanni De Pierro controlled nearly 100 companies, 174 pieces of real estate, 32 vehicles, and two large yachts, the Organized Crime and Corruption Reporting Project said Monday.… Continue Reading