The U.S. is seeking to compel a holding company with ties to Chinese mega-construction firm Sany Group to sell a wind farm near sensitive military sites in Oregon.
The French telecommunications company settled an FCPA investigation with the U.S. government in 2010 and received a French corporate monitor.
The pharmaceutical company, later purchased by Grifols SA, won’t be prosecuted for Foreign Corrupt Practices Act violations in the U.S.
The pharmaceutical company is also under investigation by Chinese authorities over alleged corruption.
By Charles E. Duross, Timothy W. Blakely, James E. Hough, and Daniel P. Levison
Recent anti-corruption enforcement developments in Asia should serve as a call to action for international and domestic companies operating in the region. In light of these developments — which include increased enforcement (and pressure to enforce) anti-corruption laws and an increasing amount [...]
U.S. authorities and others are looking into the bank’s hiring practices in Asia for possible corruption problems.
By Stephen R. Spivack and Erin K. Sullivan
The importance of a company’s response to a Department of Justice (“DOJ”) investigation into possible violations of the Foreign Corrupt Practices Act (“FCPA”) was highlighted last week when Marubeni Corporation (“Marubeni”) pleaded guilty to FCPA violations and agreed to pay an $88 million fine. Two things in particular stand [...]
The bank’s hiring practices in Asia have drawn U.S. government scrutiny for possible FCPA violations.
Alcoa Inc.’s recent Foreign Corrupt Practices Act (FCPA) settlement, totaling US$384 million in penalties, forfeitures, and disgorgement, is the fifth largest FCPA case to date. Following recent actions against parent companies Ralph Lauren Corporation (RLC) and Oracle Corporation (Oracle) based on conduct by their subsidiaries, the Alcoa case reflects another expansive theory under which the SEC is holding responsible parent corporations for the conduct of their subsidiaries.
The amount of the penalty was related to the Tokyo-based manufacturer’s failure to disclose the cartel back in 2011, when Bridgestone settled allegations of a separate price-fixing conspiracy that included Foreign Corrupt Practices Act violations.
‘Lokpal’ means people’s protector or caretaker and in India it refers to an anti-corruption watchdog or ombudsman. The Lokpal Bill, which sets out how this anti-corruption body should be constituted and who would be subject to its scrutiny, finally got passed in December and was brought into law by President Pranab Mukherjee in January.
By Hadiputranto, Hadinoto & Partners (www.hhp.co.id)
On 4 February 2014, the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”), in cooperation with the International Finance Corporation, launched the Indonesia Good Corporate Governance Roadmap. OJK seems to consider that there is a need for improvements of the Good Corporate Governance (“GCG”) of Issuers and Public Companies. In [...]
Pfizer’s Gary Giampetruzzi and Daiichi Sankyo’s Richard Konzelmann discussed China’s recent anti-corruption crackdown at a panel in Washington, D.C.
The SEC and Justice Department are probing the bank’s hiring practices in Asia.
Two years after outside counsel at Davis Polk & Wardwell found no merit to his complaint alleging suspicious markups and due diligence failures, a former compliance officer for Siemens China Ltd. remains convinced his allegations are valid and hopeful the U.S. is investigating.
NEW: NEW JERSEY GOV. CHRISTIE PROBE: Manhattan District Attorney Cyrus Vance Jr. is investigating Chris Christie capo David Samson's operations at the NY/NJ Port Authority. Main Justice's Mary Jacoby discusses with Alex Wagner on MSNBC.
LISA BRENNAN ON RACHEL MADDOW SHOW: The MSNBC host interviewed Main Justice contributor Lisa Brennan about her scoops in the Chris Christie Bridgegate scandal.
RACHEL MADDOW SEGMENT ON MAIN JUSTICE'S SCOOPS: The MSNBC host details Main Justice's exclusive reporting on New Jersey U.S. Attorney Paul Fishman's probe of the George Washington Bridge lane closures.