Asem Elgawhary admitted accepting bribes to influence the awarding of contracts by Egypt’s state-owned electricity utility. Among the companies snared in the matter was France’s Alstom SA.
The hedge fund has moved to dismiss a purported class action lawsuit against it, arguing that it did not have to disclose a federal probe into the company’s operations in Africa.
The United States’s controversial EB-5 visa program has seen a flood of Chinese applicants in recent months against the backdrop of U.S. cooperation with Chinese authorities in a corruption crackdown.
Andrew Ceresney on Thursday faced harsh questioning about the agency’s in-house legal system from members of the House Committee on Financial Services.
The three-judge panel in Philadelphia focused on whether Dahdaleh, a former agent of Alcoa Inc. who was acquitted of bribery allegations in London in 2013, had waited too long to ask the U.S. federal court to compel arbitration with the Bahrain aluminum smelter known as Alba.
Should the former PetroTiger Ltd. CEO and the Justice Department reach no settlement, the department next month will face its first FCPA-related test before a judge and jury since 2012.
Criminal Division Fraud Section organizational charts analyzed by Just Anti-Corruption from 2005 to the present show starkly divergent career paths for former FCPA unit prosecutors before and after Mark Mendelsohn jumped to Paul Weiss in 2010. While not a surprise, what’s striking is how completely the numbers have flipped.
Sylvia Pritika is one of several groups of shareholders that have sued current and former executives of the cosmetic company for their purported role in a Foreign Corrupt Practices Act matter settled with U.S. authorities in December.
Benito Chinea and Joseph DeMeneses are slated to appear March 27 in U.S. District Court for the Southern District of New York for sentencing.
Leslie R. Caldwell’s speech at the ACAMS Anti-Money Laundering & Financial Crime Conference in Hollywood, Florida on Monday.
The Securities and Exchange Commission is fighting Robbins Geller Rudman & Dowd LLP’s Freedom of Information Act request for documents related to Wal-Mart’s alleged bribery in Mexico.
The French power and engineering giant could have paid as little as $207 million to resolve Foreign Corrupt Practices Act charges — instead of a record $772 million, Patrick Stokes, a Deputy Chief of the Justice Department’s Fraud Section, said at a panel discussion on Thursday.
At Georgetown Law’s 2015 Corporate Counsel Institute on Thursday, Kara Brockmeyer, chief of the U.S. Securities and Exchange Commission’s FCPA unit, and Patrick Stokes, Deputy Chief in the Department of Justice’s Fraud Section, participated in a panel on Foreign Corrupt Practices Act enforcement, moderated by Nathaniel B. Edmonds of Paul Hastings LLP.
Addressing Georgetown Law’s Corporate Counsel Institute in Washington, D.C., the top Foreign Corrupt Practices Act enforcers at the SEC and DOJ emphasized that companies that cooperate with foreign bribery investigations will receive leniency.
The Securities and Exchange Commission’s Enforcement Division chief spoke Thursday at a Washington, D.C., panel for corporate counsel.
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.