Archive

Greek Parliament Opens Investigation into Pharmaceutical Bribery

By the C|C Whistleblower Lawyer Team After twenty hours of debate, the Greek Parliament has approved the creation of a committee to investigate accusations that Novartis, a Swiss pharmaceutical company, bribed at least ten high-level politicians. The investigation will now hold separate and secret votes on whether each of the ten involved politicians should be investigated. The list of politicians includes two...

Top-5 Foreign Corrupt Practices Act (FCPA) Settlements for 2017

Here is our look-back at the top-5 Foreign Corrupt Practices Act (FCPA) settlements for 2017. Click here for a chronological listing of all DOJ fraud recoveries for 2017.

1. Telia Company AB -- The Stockholm-based company and its Uzbek subsidiary Coscom LLC agreed to pay a combined total penalty of more than $965 million to resolve charges of violating the Foreign Corrupt...

Real Estate Broker Pleads Guilty in Foreign Bribery Scheme Involving $800 Million Real Estate Deal

By the C|C Whistleblower Lawyer Team A New Jersey real estate broker pleaded guilty to violating the Foreign Corrupt Practices Act (“FCPA”) in connection with his efforts to bribe a foreign official for the purpose of securing a real estate deal. According to the Department of Justice, Joo Hyun, also known as Dennis Bahn, attempted in 2014 and 2015 to secure the sale of a building in Vietnam owned by Keangnam...

Recent Keppel Settlement Makes FCPA Top-10 List

By the C|C Whistleblower Lawyer Team As reported in FCPA Blog, the recent Foreign Corrupt Practices Act (FCPA) settlement with Keppel Offshore & Marine Ltd. broke through the Top-10 list of FCPA settlements on record. The company was assessed criminal penalties amounting to $422 million for the bribes it made to officials at the Brazilian state-owned oil company Petrobras and to the then-governing political party...

Singapore Shipping Company Pays Major FCPA Fine for Foreign Bribery

By the C|C Whistleblower Lawyer Team On Friday, the Department of Justice announced a major Foreign Corrupt Practices Act (FCPA) settlement with Keppel Offshore & Marine Ltd., a Singapore-based company that operates shipyards and repairs and upgrades shipping vessels, and its wholly owned U.S. subsidiary Keppel Offshore & Marine USA Inc. The companies agreed to pay a combined total penalty of more than $422 million...

Five Individuals Charged in Rolls-Royce Foreign Bribery Scheme

By the C|C Whistleblower Lawyer Team Charges were unsealed yesterday against three former Rolls-Royce employees and two other individual for their alleged participation in a scheme to bribe foreign officials to benefit a U.S.-based Rolls-Royce subsidiary, including to win work on a new gas pipeline. According to the unsealed indictment, the three Rolls-Royce employees along with an employee at a consulting firm...

DOJ Catch of the Week -- Telia

By the C|C Whistleblower Lawyer Team This week's Department of Justice "Catch of the Week" goes to Stockholm-based Telia Company AB and its Uzbek subsidiary Coscom LLC.  Yesterday, the international telecommunications company agreed to pay $965 million to resolve charges of violating the Foreign Corrupt Practices Act (FCPA) arising out of a scheme to pay bribes in Uzbekistan.  According to the government, it is...

Sinopec Under Investigation over Bribery in Nigeria

By the C|C Whistleblower Lawyer Team The DOJ and SEC are investigating Chinese national oil and gas company Sinopec over allegations the company paid over $100 million in bribes to Nigerian government officials to resolve a business dispute in the country. Sinopec, also known as China Petroleum & Chemical Corporation, is a state-owned oil and gas company, and the second largest oil company in the world by revenue....

DOJ Investigating Uber for Foreign Bribes

By the C|C Whistleblower Lawyer Team A new story from the Wall Street Journal reveals that the Department of Justice (DOJ) is investigating whether Uber managers provided bribes to foreign officials in violation of the Foreign Corrupt Practices Act (FCPA).  The FCPA broadly prohibits American companies from seeking a competitive advantage through bribes to foreign officials. Under the leadership of co-founder...

Five Israeli State Electric Company Executives Sentenced in Siemens Bribery Scandal

By the C|C Whistleblower Lawyer Team This past May, Siemens paid $43 million to settle bribery allegations involving its business with the Israeli government. Siemens was accused of bribing executives at the Israeli state-owned power company to win contracts to manufacture power turbines. The conduct allegedly went on between 1999 and 2005, during which time Israel purchased more than $650 million worth of gas...