By | November 19th, 2012

German prosecutors believe European aerospace group EADS (EAD.PA) paid at least 50 million euros ($63.5 million) in bribes to Austrian officials to secure a $2 billion deal for Eurofighter jets, according to a document seen by Reuters.

Authorities in Germany, Austria and Switzerland raided EADS (EAD.DE) sites earlier this month in connection with investigations into suspected bribery, money-laundering and fraud related to the 2003 deal for 15 jets.

The deal depended on EADS guaranteeing offset deals meant to generate twice the value of the deal for the Austrian economy through suppliers, related services or education projects.

By | November 16th, 2012

Austria may try to cancel its $2 billion contract to buy 15 Eurofighter jets from European aerospace group EADS or seek damages if it finds bribes were paid as part of the deal.

“It depends on the results of the Justice Ministry’s investigations. It is a possibility and we should then examine it,” Defence Minister Norbert Darabos told Austrian ORF radio.

Authorities said last week they had raided EADS sites in Austria, Germany and Switzerland as part of investigations into suspected bribery, money-laundering and fraud in connection with the 2003 deal.

By Douglas Gillison | November 1st, 2012


By Douglas Gillison | October 31st, 2012

Barclays says U.S. authorities are probing it for potential foreign bribery violations, drawing attention to relations with a Qatari investment fund that were already under scrutiny in the U.K.

By Douglas Gillison | October 29th, 2012

Former executives at the Hungarian subsidiary of Deutsche Telekom AG argued Monday that a Securities and Exchange Commission lawsuit against them alleging foreign bribery should be thrown out.

By Douglas Gillison | October 23rd, 2012

An OECD report finds that France’s efforts to prosecute foreign bribery are minimal and less than serious.

By Douglas Gillison | October 17th, 2012

A court of appeals in Prague today upheld a ten-year prison sentence handed down in 2010 in absentia to the exiled investor Viktor Kozeny for defrauding investors of hundreds of millions of dollars in a privatization scheme.

By Jeffrey Benzing | October 12th, 2012

Uriel Sharef is settling foreign bribery charges with the Securities and Exchange Commission.

By Douglas Gillison | October 8th, 2012

The Russo-Polish vodka producer Central European Distribution Corp. has announced to the market that it has violated the books and records provisions of the Foreign Corrupt Practices Act, the U.S. statute which penalizes foreign bribery.

By Jeffrey Benzing | September 26th, 2012


By David Stout | September 5th, 2012

Are American authorities reaching for the stars in enforcing the anti-bribery law?

By Douglas Gillison | August 23rd, 2012

The petition argues News Corp. is in a general state of sleaze that should disqualify it from holding American broadcast licences.

By David Stout | August 17th, 2012

The military and aerospace giant could be the main actor in a scandal embarrassing to many.

By Jeffrey Benzing | August 2nd, 2012

The company said it is conducting its own internal review.

By Jeffrey Benzing | July 12th, 2012

Former executives in Germany have been served by the SEC.

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President Barack Obama speaks at outgoing Attorney General Eric Holder's portrait unveiling ceremony.

Attorney General Eric Holder called for a lower bar to federal civil rights prosecutions in an exit interview with Politico's Mike Allen.