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Category : Business | Tags : truecrime compliance bribery corruption law business |
A former executive of a Philadelphia-based export company pleaded guilty Monday to being part of a conspiracy to bribe Vietnamese government officials in violation of the Foreign Corrupt Practices Act. . . .
Read the entire post on The FCPA Blog www.fcpablog.com
An extended interview in this month’s Guernica with Michela Wrong is great reading. She’s the British journalist who’s current book is It’s Our Turn to Eat: The Story of a Kenyan Whistle-Blower. In the book and the interview, she uses the story of John Githongo to talk about the root causes of corruption in Africa, digging deep into tribalism, colonialism and western aid. In other words, she’s a serious (but never boring) journalist — we’d call her a “writer and thinker” — who doesn’t fall for slogans and bumper stickers when it comes to the causes of graft and its cures. . .
Read the entire post on The FCPA Blog www.fcpablog.com
We like to end our weeks around here with a light touch. But not today. We just read a disturbing story from Reuters’ Aseel Kami in the Washington Post. He describes the “pandemic of corruption” now gripping Iraq. After all that’s happened there, it’s a terrible blow. The voices in Kami’s story sound authentic and you can’t miss the cruelty in the chronic corruption — even in the petty stuff. Here’s a sample . . .
Read the entire post at The FCPA Blog www.fcpablog.com
We admit it. Praise for China’s perennial anti-corruption campaigns doesn’t fall easily from our lips. There are always questions about the numbers the central government tosses around (”prosecutors nationwide prosecuted 8,939 officials for duty dereliction in 2008, up 5.4 percent year on year”). And the practice of putting corrupt officials to death leaves us more than a little queasy. But here’s some China news we can get behind. . .
Read the entire post on The FCPA Blog www.fcpablog.com
Anti-corruption journalists in the Philippines are under siege. Two were killed in the same week this month. The latest victim was newspaper commentator Antonio Castillo. He was shot on June 12 by two gunmen on a motorcycle in the central Philippines town of Uson . . .
Read the entire post on The FCPA Blog www.fcpablog.com
Standard Podcasts [ 3:22m]: Play Now | Play in Popup | Download | Embeddable Player | Hits (15)Russia — the world’s largest country by land mass, with 11 time zones and 142,000,000 people, one of five permanent members of the UN Security Council, member of the Group of Eight (G8) industrialized nations and possessor of the largest stockpile of nuclear weapons on the planet — yes, that Russia, ranks 120th on the World Bank’s Doing Business Index, one spot above Nepal. That’s low, but in the narrower category of dealing with construction permits, it sits at a subterranean 180th, just one spot above last-ranked Eritrea. There’s no doubt, then, that Russia is the modern world’s undisputed red-tape colossus. . .
Read the entire post on The FCPA Blog www.fcpablog.com
Standard Podcasts [ 4:31m]: Play Now | Play in Popup | Download | Embeddable Player | Hits (14)The Texas billionaire with a Caribbean knighthood and a passion for cricket was charged by U.S. prosecutors on Friday with running a “massive ponzi scheme” through his bank in Antigua. Allen Stanford, 59, faces 21 charges that could send him to prison for 250 years, including mail and wire fraud, money laundering, and conspiracy to mislead the Securities and Exchange Commission. . .
Read the entire post on The FCPA Blog www.fcpablog.com
Reports from the BBC and the Straits Times say the Chinese Communist Party (CCP) is trying once again to get rid of secret accounts held by local officials. Known as “little coffers,” the money is skimmed from public funds. The CCP directed party and government officials to disclose the accounts or face severe punishment. China often imposes the death penalty in major corruption cases. . .
Read the entire post on The FCPA Blog www.fcpablog.com
From Frederic Bourke’s Trial. Outstanding coverage on the testimony this week of Hans Bodmer, Viktor Kozeny’s Swiss lawyer, from the Courthouse News Service and Bloomberg’s David Glovin . . .
Read the entire post at The FCPA Blog www.fcpablog.com
In May, a month after it agreed to be acquired by Oracle for $7.4 billion, Sun Microsystems said it may have violated the Foreign Corrupt Practices Act and that the violations could have a material effect on its business. It launched an internal investigation and shared the results with the Justice Department and the Securities and Exchange Commission. . .
Read the entire post at The FCPA Blog www.fcpablog.com
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