FLIR Systems Inc. agreed Wednesday to pay the SEC about $9.5 million to settle FCPA offenses for funding a “world tour” by Saudi government officials who influenced decisions to buy FLIR products. … Continue Reading
The UK data privacy watchdog fined the Serious Fraud Office £180,000 ($266,000) Monday for mistakenly disclosing evidence in the BAE investigation about 64 confidential witnesses in the case.
The evidence was generated during the SFO’s six-year investigation of military contractor BAE.… Continue Reading
Job Title: Project Ethics & Compliance Officer
Location: Riyadh, Saudi Arabia
Role Overview The Project Compliance Officer is responsible for administering the Bechtel Ethics and Compliance Program for company employees working on the Riyadh Metro Project in Saudi Arabia, a major Infrastructure project and Bechtel’s largest ever lump sum project.… Continue Reading
Ian Foxley was six months into his new job overseeing a $3.5 billion supply contract between the UK Ministry of Defense (MoD) and Saudi Arabia’s National Guard, when he noticed that a procurement document requiring his signature included $2.5 million in strange, additional charges.… 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. … Continue Reading
Prosecutors in Munich confirmed Wednesday that Airbus is under investigation for bribery connected with border security contracts in Romania and Saudi Arabia.
Several employees of Airbus Defence and Space, formerly EADS, are the targets of the investigation.… Continue Reading
The Securities and Exchange Commission said Monday it sanctioned two former employees in the Dubai office of a U.S.-based defense contractor for violating the Foreign Corrupt Practices Act by taking government officials in Saudi Arabia on a “world tour” to help win business for the company.… 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
The Financial Times reported Friday that anti-corruption groups, (Global Witness, Transparency International and Corruption Watch) had written to the Prime Minister and the Director of the Serious Fraud Office raising concerns about the integrity of the SFO’s investigation into the sale by GPT Special Project Management, an Airbus subsidiary, of communications equipment to the Saudi National Guard.… Continue Reading
The director of the UK Serious Fraud Office said the agency is close to making more arrests in its bribery investigation of jet engine maker Rolls-Royce Holdings Plc.
Airbus Group NV said Wednesday the UK Serious Fraud Office questioned some of its employees as part of an investigation into possible corruption at a subsidiary.
“Airbus Group understands that four former and current employees were recently interviewed — along with [Ministry of Defense] officials — as part of a wide ranging SFO investigation into subsidiary GPT,” an Airbus spokesperson said in a statement emailed to Bloomberg.… Continue Reading