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Editors

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

Novartis employee pleads guilty in Poland bribe case

An executive at Swiss pharma Novartis pleaded guilty in a bribery prosecution in Poland, the company has confirmed.

Poland’s anti-corruption bureau charged two women with bribery. Prosecutors said they gave a health fund official a tourist trip worth more than $1,000 in exchange for backing the sale of a particular drug, Reuters said.… Continue Reading

Report: Rich Azerbaijan oil deal points to insiders

The State Oil Company of Azerbaijan (SOCAR) signed an unusually rich production sharing agreement with a company based in the United Arab Emirates that has close ties to Azeri officials.

The deal Bahar Energy Limited (UAE) signed with SOCAR gives Bahar 80 percent of profits of the Gum-Deniz and Bahar oil fields, with the other 20 percent going to SOCAR.… Continue Reading

SFO launches bribe probe of Sweett Group

The UK Serious Fraud Office said Monday it has launched a formal investigation of survey and construction services firm Sweett Group.

A notice on the SFO website dated July 14 said:

The SFO confirmed today that the Director has opened an investigation into Sweett Group in relation to its activities in the United Arab Emirates and elsewhere.

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SEC asks Quanta Services to preserve FCPA-related documents

The Securities and Exchange Commission asked Quanta Services Inc. to preserve documents tied to its Foreign Corrupt Practices Act compliance program, the company said in a securities filing Thursday.

Houston-based Quanta Services provides engineering, procurement and construction services for infrastructure.… Continue Reading

Does graft keep OPEC weak?

The Organization of the Petroleum Exporting Countries was founded in Baghdad in 1960 by five countries — Iraq, Iran, Kuwait, Saudi Arabia, and Venezuela. It later expanded to the current twelve members.… Continue Reading

Gift Giving Rules In The UAE

Here’s a summary of the United Arab Emirates’ gift-giving rules from the global index of ethiXbase:

Gift-giving legislation can be found in the Code of Ethics and Professional Conduct issued on 12 June 2010.

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Aon Pays $16.2 Million In Settlement

Aon Corporation, one of the biggest insurance brokerage firms in the world, agreed today to resolve FCPA charges with the DOJ and SEC.

It will pay a $1.76 million criminal penalty to the DOJ and $14.5… Continue Reading