Teva Pharmaceuticals Industries Ltd. agreed Thursday with the DOJ and SEC to resolve FCPA violations through a deferred prosecution agreement and total payments of $519 million.
Israel’s Teva Pharmaceutical said in a securities filing Tuesday it has reserved $520 million for an FCPA settlement.
Teva said it is now in “advanced discussions” with the DOJ and SEC.… Continue Reading
An Austrian court Thursday refused to extradite a pro-Russia Ukrainian energy magnate to the U.S., saying FCPA and related charges against him were politically motivated.… Continue Reading
BOTA was the first foundation established to restitute assets associated with an FCPA prosecution to victims of corruption. What were its key lessons that could be relevant to future foundations established for the same purpose?
1. The concept is proven: BOTA successfully spent down over $115 million dollars from the frozen Pictet and Cie account associated with James Giffen in about a five-year period efficiently and effectively.… Continue Reading
On April 26, a new law requiring companies to have compliance programs will come into effect in Ukraine. The law applies to almost all companies participating in public tenders and to state owned enterprises over a certain size.… Continue Reading
Ukrainian police interrupted a televised cabinet meeting Wednesday and marched two officials away in handcuffs for suspected graft.
Police arrested the head of emergency services, Serhiy Bochkovsky, and his deputy Vasiliy Stoyetsky.… Continue Reading
The 2014 World Misery Index ranks 108 countries for how much “misery” the people in a country are experiencing. The amount of misery is arrived at by adding the unemployment, inflation, and bank lending rates, and subtracting the percentage change in real GDP per capita.… Continue Reading
As the world focuses attention on the conflict in Ukraine, it focuses on corruption in Ukraine. In the words of Vice President Biden, Ukraine must “fight the cancer of corruption.” It appears that the government is now moving in this direction.… Continue Reading
The Organized Crime and Corruption Reporting Project (OCCRP) has named Russia president Vladimir Putin the 2014 Person of the Year. The award is given annually to the person who does the most to enable and promote organized criminal activity, the OCCRP said.… Continue Reading
Since the start of the Ukraine crisis, NATO Secretary General Anders Fogh Rasmussen has called on NATO countries to increase defense spending. Poland has announced plans to accelerate a major military modernization program.… Continue Reading