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):
The United States Department of Justice (DoJ) has made available Acting Assistant Attorney General Mythili Raman's remarks (20 March 2014) as prepared for delivery at the Global Anti-corruption Congress that was held in Washington DC on 20 - 21 March 2014.
The United Kingdom Financial Conduct Authority (FCA) has announced that it has fined general insurance broker Besso £315,000 for failing to effectively manage risks of bribery and corruption.
The United States (US) Department of Justice (DoJ) has announced that Japan-based company Marubeni Corporation (Marubeni) has pleaded guilty for "its participation in a scheme to pay bribes to high-ranking government officials in Indonesia to secure a lucrative power project".
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