Kentucky-based General Cable Corporation said it added $4 million to its reserve and has now set aside $28 million that’s “probable to be disgorged” to the SEC in a possible settlement of FCPA offenses.… Continue Reading
Posts Tagged: Thailand
Thailand indicts ex tourism chief and daughter for film festival bribery, likely ending U.S. prosecution
Prosecutors in Thailand indicted the former tourism chief and her daughter for taking bribes from a Hollywood producer and his wife in exchange for contracts to run a film festival.
Juthamas Siriwan, 68, and her daughter Jittisopha, 41, appeared in criminal court in Bangkok Tuesday on charges of taking bribes, corruption, and bid-rigging in connection with public contracts, according to a spokesperson for Thailand’s attorney general.… Continue Reading
The A-List film producer who spent six months in prison for violating the FCPA by paying bribes in Thailand has died.
Louis Berger International Inc., a New Jersey-based construction management company, admitted violating the Foreign Corrupt Practices Act and agreed to pay a $17.1 million criminal penalty.
The company said it bribed foreign officials in India, Indonesia, Vietnam, and Kuwait to win construction management contracts. … Continue Reading
Kentucky-based General Cable Corporation said it reserved $24 million that’s “likely to be disgorged” to the SEC in a possible settlement of FCPA offenses.
In a securities filing Wednesday, the company said the $24 million is the amount of profit it made from bribe-tainted sales in Angola.… Continue Reading
A civilian formerly working for the U.S. Navy as a contracting supervisor in Asia was arrested Tuesday in connection with the huge bribery scandal involving Singapore-based contractor Glenn Defense Marine Asia (GDMA).… Continue Reading
Authorities raiding two entertainment venues in Thailand’s capital said they found a list of police officers who allegedly took bribes to ignore license violations and illegal sex services.
“A team of 50 police and military officers targeted Khum Phra Ram and the nearby Rider Resort, which opened as an entertainment venue and restaurant, after hearing complaints the operations lacked licenses and were offering sex services,” the Bangkok Post said.… 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
Vanessa Mae — the classical violinist who won cross-over pop stardom — has been banned for four years by the International Ski Federation for competing in races rigged to help her qualify for the Sochi 2014 Winter Olympics.… Continue Reading
Thailand’s attorney general and the top anti-corruption agency have jointly agreed to indict former Tourism Authority of Thailand governor Juthamas Siriwan for taking bribes in connection with the Bangkok Film Festival.… Continue Reading
President Obama will be in Myanmar later this week for the East Asia Summit. A story Thursday by Jane Perlez of the New York Times reminded the president and the rest of the world about the plight of Myanmar’s one million Rohingya people and their victimization by corrupt police and immigration officials.… Continue Reading