The United States (US) Department of Justice (DoJ) has announced that government contractor IAP Worldwide Services Inc (IAP) has "entered into a non-prosecution agreement and agreed to pay a [US$7.1 million] penalty to resolve the government's investigation into whether the company conspired to bribe Kuwaiti officials in order to secure a government contract".
The United States (US) Department of Justice (DoJ) has announced that PetroTiger Ltd (PetroTiger) former chief executive officer (CEO) Joseph Sigelman has pleaded guilty to "conspiring to pay bribes to a foreign government official in violation of the [Foreign Corrupt Practices Act of 1977 (FCPA) (further information)]".
The New York Times reports that China's former chief of domestic security Zhou Yongkang has been convicted and sentenced to life in prison for "abuse of power, accepting bribes and revealing state secrets". Mr Zhou was reportedly "found guilty of accepting about [US$118,000] in bribes, including money and property from Jiang Jiemin, the jailed former head of the state-owned China National Petroleum Corporation".
The United States (US) Department of Justice (DoJ) has announced that businessperson Wilbur Huff has been sentenced to 12 years in prison for committing various tax crimes, and fraud involving "the bribery of bank officials, the fraudulent purchase of an insurance company, and the defrauding of insurance regulators and an investment bank".
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".
- Anti-Bribery & Anti-Corruption (142)
- Anti-Money Laundering (136)
- Business Ethics and Corporate Culture (180)
- Careful Communication and Proper Use of Computers (16)
- Code of Conduct (6)
- Competition (234)
- Confidentiality and Intellectual Property (35)
- Conflicts of Interest (21)
- Consumer Protection (420)
- Corporate Responsibility and Sustainability (218)
- Employment and Workplace Issues (393)
- Environment, Health & Safety (201)
- Financial Integrity (237)
- Government Contracting (32)
- Information Security (49)
- Insider Trading (96)
- Other (5)
- Privacy and Data Protection (226)
- Records Management (19)
- Respect in the Workplace (6)