News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
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
Bill Steinman
Contributing Editor
Swedish telecom giant Ericsson said Wednesday it reserved around $1.2 billion to resolve an expected FCPA enforcement action by the DOJ and SEC.
The Stockholm-based LM Ericsson Telephone Company said it was cooperating with the DOJ and SEC regarding possible FCPA violations in China, Djibouti, Indonesia, Kuwait, Saudi Arabia, and Vietnam.… Continue Reading
A recent docket update by the Southern District of New York suggests that Andrew Simon, a Manhattan-based commercial real estate broker charged in 2017 with conspiring to violate the FCPA, has pleaded guilty under seal and is scheduled to be sentenced later this month.… Continue Reading
A former real estate broker was sentenced to six months in prison Thursday for trying to bribe a Middle Eastern official to finance the sale of a high-rise building complex in Vietnam.… Continue Reading
A New Jersey-based real estate broker pleaded guilty Friday to trying to bribe a Qatari official to finance the sale of a high-rise building complex in Vietnam.
Joo Hyun Bahn, also known as Dennis Bahn, 39, of Tenafly, New Jersey, pleaded guilty in federal court in Manhattan.… Continue Reading
Complaints about perceived high levels of corruption in Indonesia are a constant topic in both business circles and in everyday social conversation. But how does the country compare with its neighbours?… Continue Reading
The con man who ripped off a father and son who thought they were bribing a Middle East sovereign wealth fund to land a real estate deal in Vietnam was sentenced to prison Thursday.… Continue Reading
The Boston engineering company that paid $4 million last week to settle FCPA offenses in India was also sanctioned by the World Bank Thursday for failing to disclose a subcontract on a project in Vietnam.… Continue Reading
The World Bank Group announced the debarment of Consia Consultants ApS for 14 years for fraud and corruption. Consia’s Managing Director was also debarred for three and a half years.
The World Bank’s Integrity Vice Presidency said in a statement that it found evidence that Denmark-based Consia “made payments to officials to influence the contract awards in and failed to disclose its agreement and commissions paid to its agent in connection with the World Bank-financed Strategic Road Infrastructure Project in Indonesia.”
Consia also misrepresented the availability of key staff it has claimed would be assisting with the execution of its technical assistance contract under the project, the World Bank said.… Continue Reading
The brother and nephew of former United Nations Secretary-General Ban Ki-moon were charged Tuesday with FCPA and other offenses in connection with the planned $800 million sale of Vietnam’s tallest building.… Continue Reading
The World Bank Group debarred Minh Anh Construction Joint Stock Company for misrepresenting facts during a project bid in Vietnam.
Under a Negotiated Resolution Agreement announced last week, the company won’t be eligible for any World Bank-financed contracts for fourteen months.… Continue Reading
Two former senior executives of Louis Berger International were sentenced for bribing officials for more than a decade to win contracts in India, Indonesia, Vietnam, and Kuwait.
James McClung, 60, of Dubai was sentenced Thursday to a year and a day in jail.… Continue Reading
Former Goa chief minister Digambar Kamat (Image courtesy of firstpost.com)Police sources in India said the former chief minister of the India state of Goa allegedly “blackmailed” Louis Berger International by refusing to approve work permits and invoices until the company paid bribes.… Continue Reading