Global Investigations Review - The law and practice of international investigations
In an effort to clinch its case against Mahmoud Thiam, the US Department of Justice on 27 April played video excerpts from the former Guinean mining official’s post-arrest interview with two FBI special agents.
In today’s news round-up, a New York judge rejects Chinese businessman Ng Lap Seng’s request to throw out his bribery case, Brazilian food company Cosan probes potential improper payments connected to a recent acquisition, and South Korea fines Novartis for corruption.
Witness testimony in the trial of Mahmoud Thiam, a former Guinean mining official accused of laundering bribes, culminated on 26 April in diverging narratives of an allegedly corrupt deal struck by the West African country with Chinese investors.
King & Spalding partner Jason Jones is calling for an FCPA amnesty programme similar to the antitrust division’s leniency programme.
The trial of Mahmoud Thiam, a former minister of mines who is accused of laundering bribes, trundled through its second day.
Swedish telecoms business Telia Company has said it now expects to pay US$1 billion as part of a proposed foreign bribery settlement with US and Dutch authorities, and is hoping to wrap the case up by the autumn.
The company that voluntarily disclosed to US authorities in late 2016 a suspect US$475 payment in Russia is now investigating its compliance with the FCPA in Ukraine and Poland.
The trial of Mahmoud Thiam kicked off on 24 April, with the US Department of Justice vowing to show that the dual US-Guinean citizen used his government position to pocket US$8.5 million in bribes.
At a conference dedicated to the Foreign Corrupt Practices Act packed with white-collar crime defence lawyers and in-house counsel, the top-ranking political appointee in the DOJ criminal division spent the first part of his keynote speech talking about violent crime.
Pablo Quiñones, a policy official in the DOJ’s criminal division, has emphasised that the department’s prosecutors, not Hui Chen, ultimately decide how to evaluate compliance programmes when bringing an enforcement action.
The SEC walked a tightrope trying to distinguish disgorgement from forfeiture and civil penalties before the US Supreme Court today, as justices grilled the regulator’s counsel on what set the enforcement tool apart.
The US Department of Justice has chosen two veterans of its criminal fraud section to serve as monitors to Odebrecht and Embraer, including a former chief of the section’s Foreign Corrupt Practices Act unit.