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
GlaxoSmithKline said Tuesday it is investigating allegations of corrupt payments in the United Arab Emirates.
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
The New York Department of Financial Services said Tuesday that Standard Chartered Bank will pay $300 million for “failures to remediate anti-money laundering compliance problems” required by the bank’s 2012 settlement with the same regulator.… Continue Reading
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:
… Continue Reading
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.
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
Great post Tuesday by our cousins at thebriberyact.com.
They said the U.K. government has been intervening with overseas governments on behalf of U.K. businesses reporting problems with local corruption.
‘Since the passing of the Bribery Act in July 2010,’ the post said, ‘there have been four cases where U.K.… Continue Reading
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 million in disgorgement and prejudgment interest to the SEC.… Continue Reading