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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

Report: Leighton Holdings internal emails discuss huge Iraq bribes

Internal emails leaked from Australia’s Leighton Holdings warn that a $24 million “facilitation payment” linked to a 2010 Iraq contract would “attract attention” from auditors.

Other emails talk about plans by senior employees to make payments to “friends” in the ­Middle East and to inflate and backdate contracts to win work in Iraq, the Financial Review reported Monday.… Continue Reading

Two Vietnam execs sentenced to death in bank fraud

A Vietnam court imposed the death sentence on two former executives found guilty of embezzling 531 billion dong ($25 million) from state-owned Vietnam Agribank.

The People’s Court of Ho Chi Minh City sentenced Vu Quoc Hao, the former general director of Agribank, and Dang Van Hai, the former chairman of a construction company.Continue Reading

Despite crackdown, Asia firms are slow to comply

Only 40 percent of Asia companies have anti-bribery policies in place, compared with a global average of 81 percent last year.

An EY survey polled 681 executives in China, Singapore, Australia, New Zealand, Indonesia, Vietnam, Malaysia and South Korea.… Continue Reading

DOJ declination for Owens-Illinois

Photo courtesy of Owens-Illinois (http://www.o-i.com/Why-Glass/)Glass-maker Owens-Illinois Group Inc. said that following its internal investigation into possible FCPA anti-bribery and books and records violations and voluntary disclosure to the feds, the DOJ won’t bring an enforcement action.… Continue Reading