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Category : Business | Tags : truecrime compliance bribery corruption law business |
One defense strategy adopted by some of the Chinese officials accused of corruption is to leave the country. More than 800 have bolted, according to the government, and around 300 have returned. Journalists say the number of international fugitives is a lot higher — at least 1,000 and probably more. . .
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Judge Shira Scheindlin has now decided most of the pending pre-trial issues in the Foreign Corrupt Practices Act prosecution of Frederic Bourke. Her rulings generally restrict the government’s use of other-acts-type evidence, while allowing Bourke latitude to tell his story. He’s charged with investing in Viktor Kozeny’s 1998 attempt to take over Azerbaijan’s state oil company — despite knowing Kozeny planned to bribe Azeri officials to get the deal done. . .
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Most Russians think the battle against corruption is already lost. More than half believe graft is an “unavoidable and permanent fact of life.” And 58% say it’s impossible to fight against it. The numbers come from a survey released last month by the All-Russia Public Opinion Research Center, reported by RIA Novosti. . .
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Standard Podcasts [ 3:28m]: Play Now | Play in Popup | Download | Embeddable Player | Hits (10)By the fourth year of Nuhu Ribadu’s term as chief graft-buster in Nigeria, his Economic and Financial Crimes Commission had secured convictions in over 275 cases. “It was modest but revolutionary,” he said last week, “especially since the convictions were from cases against high‐ranking officials such as the leadership of the Nigeria Police, a number of state governors, ministers, legislators and top bureaucrats.” . . .
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Here’s some news you don’t hear every day — in fact, no one’s heard it for the last 367 years: Britain’s House of Lords this week suspended two of its members because of corruption. It’s the first time a Lord has been barred since 1642. . .
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Standard Podcasts [ 4:52m]: Play Now | Play in Popup | Download | Embeddable Player | Hits (13)When it’s a bit of snoozer around here, we know what to do. Take a peek at the docket in U.S. v. Kozeny. There’s plenty happening there lately, and here’s the latest. It’s a pleading from Frederic Bourke’s lawyers that argues why Rajan Menon, PhD, should be barred from testifying as an expert witness for the prosecution at Bourke’s trial. . .
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Standard Podcasts [ 4:46m]: Play Now | Play in Popup | Download | Embeddable Player | Hits (11)Plaintiffs lawyers have filed a state derivative class action suit against some of the officers and directors of Halliburton and its one-time subsidiary, KBR. The suit in Houston alleges all sorts of malfeasance — including the Nigerian bribery that led to the companies’ $579 million settlements of Foreign Corrupt Practices Act offenses in February this year. As the AmLaw’s Litigation Daily put it, the defendants are accused of “everything from overbilling to human trafficking to covering up a gang rape.” . .
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Standard Podcasts [ 2:41m]: Play Now | Play in Popup | Download | Embeddable Player | Hits (12)What a difference a year or so makes. In December 2007, Lucent Technologies Inc. — which became part of Alcatel SA in November 2006 — settled Foreign Corrupt Practices Act charges. It had illegally paid millions of dollars for Chinese officials to take more than 300 trips to the U.S., Europe and elsewhere. They were supposed to be business missions but ended up being junkets — “sightseeing, entertainment and leisure.” Lucent paid $2.5 million to resolve the offenses. . .
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Two Florida men have admitted bribing employees of Haiti’s state-owned telephone company in return for better rates for Miami-based communications firms. . .
Read the entire post at The FCPA Blog www.fcpablog.com
Prosecutors in Munich think German truck-maker MAN AG paid bribes to customers between 2002 and 2005 of around €14 million to boost the sales. According to recent reports, some of the alleged payments inside and outside Germany were concealed by being routed through bank accounts of relatives and friends of MAN employees. . .
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