Posts Tagged: Mozambique
Credit Suisse Group AG agreed Tuesday to pay the SEC $99 million to resolve violations of the internal controls and books and records provisions of the Foreign Corrupt Practices Act, as well as other securities laws.… Continue Reading
Three former Credit Suisse bankers were charged in federal court in Brooklyn with bribery and fraud connected to Mozambique’s $2 billion “tuna bonds” scandal.
All three were arrested in London Thursday and released on bail.… Continue Reading
Four companies from the mining sector have disclosed open FCPA-related investigations.
One company first disclosed an investigation this week. The other companies first disclosed investigations in 2016, 2015, and 2013.
Two of the companies are based in the UK, one in Canada, and the other in Switzerland.… Continue Reading
The U.S. Securities and Exchange Commission Tuesday charged Rio Tinto Plc and two former executives with fraud for allegedly inflating the value of coal assets in Mozambique.
Brazilian aircraft manufacturer Embraer SA is paying more than $205 million to the DOJ and SEC to resolve violations of the Foreign Corrupt Practices Act.
Embraer bribed officials in the Dominican Republic, Saudi Arabia, and Mozambique.… 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
A U.S. diplomatic cable says Pfizer hired investigators to dig up damaging evidence against Nigeria’s former attorney general to pressure him into dropping a lawsuit against the pharmaceutical company.
The document published by the Guardian today quotes a Pfizer official in 2009 as saying the company was seeking to uncover corruption links to Attorney General Michael Aondoakaa and was passing the information to local media.… Continue Reading
In an unusual tandem settlement, two unrelated U.S. tobacco companies and their foreign subsidiaries today resolved civil and criminal FCPA charges with the SEC and DOJ.
In the criminal cases, two foreign subsidiaries of North Carolina-based Alliance One International Inc.… Continue Reading