Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
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
A European Parliamentary committee approved proposed legislation this week that would require European extractive companies to publish payments they make to governments.
The legislation is similar to a law that took effect in the United States in August.… Continue Reading
There was explosive testimony this week during parliamentary hearings into bribery allegations against a unit of the Reserve Bank of Australia.
RBA subsidiary Securency allegedly paid bribes in Asia, Latin America, and Africa to win currency printing contracts, according to a former salesman for Securency and its sister company Note Printing Australia.… Continue Reading
The one-time middleman for KBR and its partners stood before Judge Keith P. Ellison in a Houston courtroom in February. Jeffrey Tesler faced up to ten years in prison.
Judge Ellison sentenced him to twenty-one months in the Federal Correctional Institution in Fort Dix, New Jersey.… Continue Reading
French defense and security firm Safran was fined €500,000 last week by a court in Paris for bribing government officials in Nigeria.
Reuters reported that an investigating magistrate ‘found that the bribes had helped Safran win a €170 million contract to make more than 70 million identity cards.’… Continue Reading
Photo courtesy of U.S. State DepartmentU.S. Secretary of State Hillary Clinton met with Nigerian President Goodluck Jonathan and his National Security Council in Abuja last week.
High on Clinton’s agenda was Nigeria’s battle with corruption.… Continue Reading
A man who lost his wife, daughter, and sister-in-law in the June 3 crash of a flight from Lagos to India blamed Nigeria’s ‘unbridled corruption’ for the crash. Safety regulations are ignored, he said, maintenance isn’t performed, and officials turn a blind eye.… Continue Reading
Nigeria is struggling to make sense of a report that says high-level officials and business people stole $6.8 billion in public funds intended to subsidize the cost of fuel. At the same time, the lawmaker that spearheaded the report is accused of accepting a bribe from an oil company and is under investigation.… Continue Reading
We’ve seen, in our last two posts in this series (here and here), a radical new enforcement idea starting to take root — using at least some portion of the enforcement proceeds to directly benefit the citizens of the countries in which the bribery occurred.… Continue Reading
As reported today by Mike Koehler, two executives from oil services firm Noble Corporation filed motions to dismiss complaints brought against them in February by the Securities and Exchange Commission that alleged they bribed officials in Nigeria in exchange for illegal import permits for drilling rigs.… Continue Reading
Last post, I discussed the proposal from Nigeria’s Social-Economic Rights and Accountability Project to establish a mechanism for using the proceeds of FCPA settlements to help bribery victims. Specifically, SERAP suggests that civil penalty or disgorgement proceeds be made available to civil-society groups in the victimized country, or to U.S.-based… Continue Reading
Yesterday, Benjamin Kessler wrote a stirring defense of what he called “one of the most altruistic FCPA amendments yet proposed:” adopting a system to share the proceeds of FCPA settlements with the victims of bribery.… Continue Reading
In March the Nigerian human rights group SERAP (Socio-Economic Rights and Accountability Project) sent a letter to the SEC outlining one of the most altruistic FCPA amendments yet proposed. The letter urged the U.S.… Continue Reading
