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".
The United States Department of Justice (DoJ) has announced that Ohio-based long-term care pharmacy Omnicare Inc (Omnicare) has agreed to pay US$4.19 million to settle allegations that it engaged in a kickback scheme in violation of the False Claims Act. Omnicare is alleged to have "solicited and received kickbacks from the drug manufacturer Amgen Inc in return for implementing 'therapeutic interchange' programs that were designed to switch Medicaid beneficiaries from a competitor drug to Amgen's product Aranesp".
The United States (US) Department of Justice (DoJ) has announced that Diagnostic Imaging Group (DIG) has agreed to pay US$15.5 million to settle allegations of false claims and kickbacks.
The United States (US) Department of Justice (DoJ) has announced that British Virgin Islands-based international petroleum company PetroTiger Ltd's (PetroTiger) former co-chief executive officer (CEO) Knut Hammarskjold has pleaded guilty to conspiring to "pay bribes to foreign government officials and to defraud PetroTiger".
The United States (US) Department of Justice (DoJ) has announced that former corporate executive Asem Elgawhary has been indicted by a grand jury on fraud, money laundering and tax-related charges. DoJ criminal division Acting Assistant Attorney General Mythili Raman stated that Mr Elgawhary is alleged to have used his managerial position, within a joint venture by the corporation of which he was an executive and a state-owned electricity company, to award three power companies more than US$2 billion worth of contracts in return for US$5 million in kickbacks.
The European Commission (EC) has released the first EU Anti-corruption report, which is accompanied by summaries of the national chapters and frequently asked questions (all dated 3 February 2014). The report provides an analysis of corruption within all 28 European Union (EU) member states, the anti-corruption measures in place and recommendations on how to improve anti-corruption efforts in each member state.
The government of the Australian state of New South Wales (NSW) plans to introduce legislation allowing it to cancel, without compensation, three multimillion-dollar coal exploration licences (ELs) issued corruptly by former NSW government minister Ian Macdonald to listed firm NuCoal Resources Ltd (NuCoal) and private firm Cascade Coal Pty Ltd (Cascade).
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