Editors

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

Ericsson reserves $1.2 billion for FCPA settlement

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

Nephew of former UN chief pleads guilty to FCPA offenses

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

World Bank debars Denmark engineering firm for Vietnam, Indonesia bribes

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

World Bank debars Vietnam construction firm

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 Louis Berger execs sentenced

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

Police: Former top Goa official ‘blackmailed’ Louis Berger

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