A former Alstom SA executive who carried a UK passport, worked in France, and said he never set foot in the United States, was convicted Friday by a federal jury on 11 of 12 counts for his part in a scheme to bribe government officials in Indonesia.… Continue Reading
The Securities and Exchange Commission Monday charged Nissan and its former CEO Carlos Ghosn with fraud for failing to disclose more than $140 million to be paid to Ghosn in retirement.… Continue Reading
When trying to determine how to allocate compliance resources across Asian markets, the more developed and mature markets such as Malaysia, South Korea, Japan and Thailand are often given only residual attention because they are deemed fairly easy places to operate in.… Continue Reading
The Securities and Exchange Commission fined Deloitte Touche Tohmatsu LLC $2 million for violating auditor independence rules and suspended its former CEO and director of independence for causing the violations.
The SEC said Wednesday that Deloitte Japan issued audit reports for a banking client while about 90 Deloitte Japan employees maintained accounts with the bank.… Continue Reading
Seventy-three years ago today, the United States dropped an atomic bomb on the Japanese city of Hiroshima.
The blast destroyed 90 percent of Hiroshima and killed at least 80,000 people. Around 60,000 more died from radiation sickness before the end of the year.… Continue Reading
A dozen private-practice lawyers in Tokyo, including partners from the top firms, are helping Japanese companies comply with anti-bribery laws by publishing guidance and working with foreign enforcement agencies on behalf of the companies.… Continue Reading
Prosecutors in Tokyo used a plea bargain to resolve an overseas bribery case with a power plant maker under a new law adopted in June, according to a report from Japan.… Continue Reading
On October 8, 2017, Kobe Steel Group admitted to falsifying data about the strength and durability of aluminum and copper parts used by manufacturers of automobiles, bullet trains, and aircraft.
Initially presented as a breach occurring at four of its Japanese factories during 2017, the admission of wrongdoing would soon turn into a much more severe affair. … Continue Reading
We learned Friday that Beijing will host the 2022 Winter Olympics, and that Boston withdrew from the 2024 race. From a corruption standpoint, there’s a lot going on here.
China’s selection completes a fascinating ten-year stretch: 2014 (Russia), 2016 (Brazil), 2018 (South Korea), 2020 (Japan), 2022 (China).… Continue Reading
Kolon Industries Inc. pleaded guilty Friday in federal court in Alexandria, Virginia to conspiracy to steal trade secrets involving E.I. DuPont de Nemours & Co.’s Kevlar technology.
Federal judge Anthony J.… Continue Reading
Japan suspended aid for a $41 million railway project in Hanoi until Vietnam returns $782,000 in bribe money a Japanese contractor gave officials at Vietnam’s state railway company.
Yamamoto Kenichi from the Japan International Cooperation Agency (JICA) said last week in Hanoi that Japan will restart funding for the project after Vietnam returns the money that Tokyo-based Transportation Consultants (JTC) Inc.… Continue Reading
News leaked a couple of years ago that China was promoting establishment of the Asian Infrastructure Investment Bank.… Continue Reading