The United States Department of Justice (DoJ) has announced that the former chief executive officer (CEO) and former managing director of a US broker-dealer have each been sentenced to four years in prison and fined US$3,636,432 and US$2,670,612 respectively for bribing a senior official of Venezuela's state economic development bank Banco de Desarrollo Económico y Social de Venezuela over a period between 2008 and 2012, "in return for trading business that generated more than [US$60 million] in commissions".
The United States Department of Justice (DoJ) has announced that Hewlett-Packard subsidiary HP Russia is to pay a number of penalties totalling more than US$108 million after pleading guilty to "bribing Russian government officials to secure a large technology contract with ... the Russian Federation".
The United States Department of Justice (DoJ) has announced that spinal surgery device manufacturer Omni Surgical (Spine 360) and surgeon Jamie Gottlieb have agreed to pay US$2.6 million to settle allegations that "Spine 360 paid illegal kickbacks to [Dr] Gottlieb to induce him to use the company's products".
Anti Bribery and Anti Corruption Business Ethics and Corporate Culture Salesperson Sentenced on Bribery Charges23 Jul 2014 Written by World Watch
The Tokyo District Court has sentenced former Deutsche Securities salesperson Shigeru Echigo to ten months in prison for bribing a fund executive to purchase investment products. Mr Echigo pleaded guilty in April 2014 to charges that he spent approximately JPY900,000 entertaining the executive on 15 occasions in 2012.
The United States Department of Justice (DoJ), the US Attorney's Office for the District of Connecticut and the Federal Bureau of Investigation (FBI) have jointly announced that William Pomponi has pleaded guilty for "his participation in a scheme to pay bribes to foreign government officials".
The United States Department of Justice (DoJ) has announced that major residential pharmacy services provider Omnicare has agreed to pay US$124 million to settle allegations that it paid nursing homes kickbacks "in return for their continued selection of Omnicare to supply drugs to elderly [public health insurance] beneficiaries".
Mark Jackson, the former chief executive officer (CEO) of oil and gas services company Noble, and a Noble subsidiary director James Ruehlen have agreed to settle claims that they took part in a bribery scheme aimed at obtaining import permits for oil rigs in Nigeria.
The United States Department of Justice (DoJ) has announced that medical technology company Medtronic has agreed to pay US$9.9 million to resolve allegations that it "used various types of payments to induce physicians to implant pacemakers and defibrillators manufactured and sold by Medtronic".
The United States (US) Securities and Exchange Commission (SEC) has ordered (20 May 2014) that James Adams be banned from practising as an accountant before the SEC for two years in order to settle charges that he breached auditor independence rules in his former role of Deloitte chief risk officer.
Hewlett-Packard Development Company (HP) has announced that it is to pay approximately US$108 million to settle charges levelled against HP by the following United States (US) authorities in relation to alleged breaches of the Foreign Corrupt Practices Act (the FCPA):
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