J2R/iStock Editorial via Getty Images ABB (NYSE:ABB) is nearing a deal to pay ~$325M to resolve bribery allegations in South Africa, The Wall Street Journal reported Friday, which would make the company a third-time violator of U.S. anti-bribery laws. The settlement with U.S., German, Swiss and South African authorities, which likely will be finalized as … Read more
London CNN Business — Commodities giant Glencore (GLCNF) has been ordered to pay a record £281 million ($314 million) penalty by a UK court for bribing officials across Africa to gain access to oil. The UK government’s Serious Fraud Office (SFO), which brought the case against Glencore Energy UK, said on Thursday that the penalty … Read more
FILE–This picture shows Miraitowa (L) and Someity (R), mascots for the Tokyo 2020 Olympic and Paralympic Games, at the office of the Tokyo 2020 Organising Committee of the Olympic and Paralympic Games in Tokyo on April 30, 2021. (Photo by Philip FONG / AFP) A corruption scandal surrounding the Tokyo Olympics widened on Wednesday as … Read more
More than a dozen global investors are suing Glencore in London’s High Court, in a class-action-style lawsuit prompted by the company’s conviction of bribery earlier this year. Sovereign wealth funds including Mubadala, the Kuwait Investment Authority, Norges Bank and the International Petroleum Investment Company have brought claims against the mining and commodity trading group, according … Read more
Leonard Francis, a Malaysian defense contractor nicknamed “Fat Leonard,” who orchestrated one of the largest bribery scandals in U.S. military history, has been arrested in Venezuela after fleeing before his sentencing, authorities said. U.S. Marshals Service via AP, File hide caption toggle caption U.S. Marshals Service via AP, File Leonard Francis, a Malaysian defense contractor … Read more
UK prime minister Liz Truss’s chief of staff says he is co-operating with US authorities, as part of their investigation into a Conservative party donor charged over allegations he illegally provided campaign donations to a former governor of Puerto Rico. In August, the US Department of Justice charged Julio Herrera Velutini, a Venezuelan banker, with … Read more
The federal agency monitoring Francis’ house arrest, Pretrial Services, called the San Diego Police Department on Sunday to check on him, Supervisory Deputy US Marshal Omar Castillo told CNN. When police discovered Francis’ home empty, they contacted the US Marshals, Castillo said. When a team of US Marshals went to Francis’ house on Sunday, Castillo … Read more
Breadcrumb Trail Links PMN Business Author of the article: Article content ANKARA, Turkey (AP) — Turkish opposition parties on Monday filed legal complaints to press Turkish prosecutors into investigating corruption allegations made by a fugitive mafia boss against people close to President Recep Tayyip Erdogan’s ruling party. In a series of tweets over the weekend, … Read more
“Haruyuki Takahashi, a former executive at advertising company Dentsu, is suspected of receiving bribes from the former head of Aoki Holdings Inc. and two company employees,” the prosecutors’ office said. “Haruyuki Takahashi, a former executive at advertising company Dentsu, is suspected of receiving bribes from the former head of Aoki Holdings Inc. and two company … Read more
US authorities have charged a significant donor to the Tory party, alleging that he illegally provided campaign donations to a former governor of Puerto Rico in a scheme to remove a senior banking regulator from his post. The charges brought by the US Department of Justice against Julio Herrera Velutini, a Venezuelan banker who relocated … Read more