The bureau’s ongoing FCPA investigations will ensure “there’s a lot more FIFAs coming”, FBI agent Jeff Sallet said at ACI’s 32nd annual International Conference on the Foreign Corrupt Practices Act.
The purported whistleblower alleges that Teva first failed to promote, and then fired her, after she raised concerns over the company’s FCPA compliance and began to cooperate with Justice Department and Securities and Exchange Commission probes into the company.
Svein Aasersaid said he and the government disagreed about his handling of a probe into Russian telecom company VimpelCom.
The scuffle over former Alstom SA Lawrence Hoskins’s international discovery demands continues in advance of his scheduled Nov. 30 trial in Connecticut.
U.S. District Judge Gerald Bruce Lee for the Eastern District of Virginia imposed the sentence on the 69-year-old, saying, “bribery is not how we do business in America” at the Oct. 9 hearing.
Former IAP Worldwide Vice President James Rama should receive a sentence of probation, along with potential home confinement, defense attorneys argued in an Oct. 5 sentencing position.
Arguing that Rama’s cooperation and age constitute significant arguments in favor of leniency, federal prosecutors asked District Judge Gerald Bruce Lee for the Eastern District of Virginia to deliver a sentence far below the 57 to 60 month range that Rama currently faces.
Three federal appeals judges in D.C. expressed doubt that a district court judge had acted outside his powers when he declined to approve a deferred prosecution agreement.
Some white-collar defense attorneys said the Securities and Exchange Commission was wrong to take action against the bank for giving internships to relatives of foreign officials.
Vale is attempting to fend off a civil racketeering suit launched by Rio Tinto in the Southern District of New York in which the Anglo-Australian mining firm claims that Vale benefitted from an alleged 2008 bribery scheme by Beny Steinmetz Group Resources Ltd. to obtain lucrative iron mining concessions in Guinea.
This enforcement action appears to be the first based entirely on a theory of improper hiring and internship practices, but it is unlikely to be the last.
In a conference call with journalists, SEC Enforcement Division Director Andrew Ceresney hailed the settlement as the first to conclude that internships can violate the Foreign Corrupt Practices Act if they are provided to win or retain business. UPDATED with statement from BNY Mellon.
The U.K. pharmaceuticals company is already investigating alleged bribery in Poland, the United Arab Emirates, Lebanon, Jordan, Syria and Iraq.
The Dutch aerospace services company said the case should be assigned to a different district court judge on remand.
The London-based construction company said in April that it had wrapped up an internal investigation into alleged bribery and had reported the results to the U.K. Serious Fraud Office.