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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

After Strkyer II, are per diems atop expenses always improper?

A little-noticed nugget in the recent Stryker SEC Order (Stryker II) — in addition to overbilling, kickbacks, and using unvetted intermediaries in India and China — was the allegation that Stryker’s “Kuwait Distributor made over $32,000 in improper ‘per diem’ payments to Kuwaiti [healthcare providers] to attend Stryker events, when Stryker had directly paid the costs for lodging, meals, and local transportation for these individuals.”  … Continue Reading

Two former Louis Berger execs sentenced

Two former senior executives of Louis Berger International were sentenced for bribing officials for more than a decade to win contracts in India, Indonesia, Vietnam, and Kuwait.

James McClung, 60, of Dubai was sentenced Thursday to a year and a day in jail.… Continue Reading

Petrofac investigates bribery allegations

Image courtesy of PetrofacUK oil services firm Petrofac PLC said it launched an investigation into allegations of bribery to win contracts Kazakhstan and the Middle East.

Australia’s Fairfax Media and the Huffington Post reported that Monaco-based Unaoil was a middleman for bribes, according to leaked emails the news outlets said they viewed.… Continue Reading

Police: Former top Goa official ‘blackmailed’ Louis Berger

Former Goa chief minister Digambar Kamat (Image courtesy of firstpost.com)Police sources in India said the former chief minister of the India state of Goa allegedly “blackmailed” Louis Berger International by refusing to approve work permits and invoices until the company paid bribes.… Continue Reading