Milpitas, California-based Dialogic Inc. said in August that the SEC had ended an informal investigation of potential FCPA violations by a company Dialogic acquired in 2010 and won’t take any enforcement action.… Continue Reading
Lawmakers in Vietnam are complaining that too many officials facing corruption charges aren’t being punished or are only paying small fines after they plead insanity.
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
Prosecutors in Tokyo said Tuesday they’re charging three former top executives of a local company for alleged bribery involving railway projects in Vietnam that received Official Development Assistance (ODA).… Continue Reading
A Vietnam court jailed a former banker for 30 years Monday for his part in a series of financial scams worth $1.1 billion.… Continue Reading
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
The former deputy governor of Austria’s central bank and eight other defendants went on trial Monday for allegedly bribing officials in Azerbaijan and Syria to win banknote contracts.… Continue Reading
Two former top executives at Vietnam’s national shipping company Vinalines were sentenced to death Monday for embezzlement and wasting state funds.… Continue Reading
A U.S. Foreign Service Officer who was posted in Vietnam admitted accepting more than $3 million in bribes to process visas for entry into the United States, the DOJ said.
Michael T.… Continue Reading
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
The Siemens enforcement action is a powerful example of what FCPA enforcement is today . . . and what it is not.
Siemens paid bribes in China, Russia, Venezuela, Mexico, Israel, Bangladesh, Nigeria, and Vietnam. … Continue Reading