Region: Africa & Middle East

Judge approves Ericsson’s $206 million plea agreement

The company’s plea agreement eliminates the cooperation credit it had been awarded by the DOJ in 2019 for cooperating with an FCPA investigation.

21 March 2023

SFO: decision to investigate ENRC didn’t hinge on Gerrard leaks

The UK’s anti-fraud agency has told a London court that it received intelligence from various sources besides ENRC’s former solicitor before deciding to investigate the Kazakh miner.

14 March 2023

Counsel Watch: the lawyers behind the latest sanctions designation challenges

In the latest Counsel Watch, the lawyers advising in the latest UK and European Union sanctions designation cases, and the firms taking the helm for commodity conglomerates Trafigura and Glencore in their latest UK legal battles.

13 March 2023

Short-seller accuses Piedmont Lithium, UK mining company of Ghanaian bribery

A short-seller accuses US lithium manufacturer Piedmont Lithium of performing lacklustre due diligence and leaving itself open to FCPA scrutiny when it invested in a UK mining company.

09 March 2023

SEC reaches FCPA bookkeeping settlements with Rio Tinto, gambling company

Rio Tinto will pay $15 million to resolve allegations that it violated the FCPA’s books and records provisions as a part of its work in Guinea, while an Irish gambling company will pay $4 million for similar violations connected to lobbying efforts in Russia.

07 March 2023

Metro Bank resolves US sanctions investigation without fine

02 March 2023

Glencore sentenced to pay $700 million for bribery scheme

A New York judge also ordered the commodities trader to pay $30 million in restitution to a company that was found to have been a victim of Glencore’s conduct in the Democratic Republic of Congo.

28 February 2023

Abu Dhabi fund settles with Malaysia's 1MDB

An Abu Dhabi government-owned entity has agreed to pay $1.8 billion to Malaysian sovereign wealth fund 1MDB to settle a lawsuit and related arbitration proceedings concerning a multibillion-dollar fraud.

28 February 2023

US seeks to extradite businessman from UK over alleged export violations

US authorities want to extradite an Iranian businessman from the UK for allegedly exporting scientific instruments to Iran.

27 February 2023

Lebanon files further charges against central bank governor

24 February 2023

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