Region: Africa & Middle East

DoJ investigating Saipem bribery allegations

The US Department of Justice is looking into corruption allegations concerning Italian oil services company Saipem, the company’s chief financial officer has revealed. According to Reuters, the DoJ sent the company a request for information about its operations in Algeria.

25 April 2014

GSK bribery allegations spread to five countries

UK pharmaceuticals company GlaxoSmithKline is investigating allegations of bribery in Jordan and Lebanon, the company confirmed in a statement yesterday.

17 April 2014

South Africa hands out money laundering fines

South Africa's Reserve Bank, the country's central bank, bank has fined Standard Bank, Barclays, FirstRand and Nedbank 125 million rand (US$11.9 million), according to Bloomberg. All failed to verify customer details, maintain records and manage and process suspicious transactions, while Standard Bank and Nedbank must also improve their terrorism financing controls, the Reserve Bank said.

17 April 2014

BSGR bribed officials, says Guinean government investigation

After a two year investigation, the Guinean government has accused mining company Beny Steinmetz Group Resources (BSGR) of bribing government officials to win mining contracts.

10 April 2014

Oman oil company chief sets out anti-corruption policy

The managing director of Oman’s national oil company, Petroleum Development Oman (PDO), warned contractors and their executives may be blacklisted if they fail to comply with the company’s anti-bribery and corruption controls.

10 April 2014

Investigation finds Beny Steinmetz company paid bribes in Guinea

The Guinean government says a two-year investigation has found that mining company Beny Steinmetz Resources Group (BSGR) won the rights to exploration licences in the country by paying bribes to government officials.

09 April 2014

Compugen: ISA "not investigating us"

Israel-based drug company Compugen has denied it’s the subject of an investigation by the Israel Securities Authority. The husband of Compugen’s CFO, Dikla Czaczkes Axselbrad, is being investigated for supplying family members and friends “with insider information regarding an impending collaboration between Compugen and Bayer Pharma” last year, the company said in a statement.

08 April 2014

GSK bribery investigation spreads to Iraq

UK pharmaceuticals company GlaxoSmithKline is investigating whether some of its employees paid bribes to government officials in Iraq, the company has confirmed.

07 April 2014

Shareholders investigate Och-Ziff handling of FCPA case

Louisiana law firm Kahn Swick & Foti has said it is investigating whether Och-Ziff’s directors may have either breached their fiduciary duty or broken laws in their handling of the company’s FCPA investigation.

04 April 2014

Lawyers say ASIC bribery investigation not enough

The Australian Securities and Investments Commission (ASIC) says it will compel witnesses to interview after opening a formal investigation of Leighton Holdings.

03 April 2014

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