Region: Africa & Middle East

UK and US monitoring Sweett Group bribery investigation

UK property surveyor Sweett Group has been in contact with the UK’s Serious Fraud Office and the US Department of Justice concerning its investigation of an alleged attempted US$100 million bribe to an official in the United Arab Emirates.

02 April 2014

Times Media Group deal faces dual investigation in South Africa

South Africa’s Financial Services Board (FSB) and the investigations unit of the Johannesburg Stock Exchange (JSE) are investigating a Times Media Group (TMG) share sale. According to Business Report, the agencies are examining the circumstances surrounding Caxton & CTP Publishers and Printers’ sale of its stake in TMG to Blackstar Group, a Malta-based and London-listed private equity company.

31 March 2014

Pinnacle's South African chief charged with bribery

The executive director of South African technology company Pinnacle Holdings has been charged with attempting to bribe a senior police official to win a supply contract, according to local reports.

26 March 2014

Marubeni agrees to FCPA settlement weeks after DPA dismissed

Japanese trading company Marubeni has agreed to pay US$88 million to settle FCPA charges brought by the US Department of Justice, in a case that raises questions over the scope of deferred prosecution agreements in foreign bribery cases.

21 March 2014

Och-Ziff in FCPA investigation

The US Department of Justice and Securities & Exchange Commission are investigating whether Och-Ziff may have violated FCPA rules, according to the company’s latest SEC filing. Och-Ziff said the investigation concerns an investment by a sovereign wealth fund in some of its own funds in 2007, as well as investments made by Och-Ziff in certain African companies.

21 March 2014

A long way to go for South African ABC enforcement

The OECD has urged South Africa to improve its enforcement of anti-corruption law. The country’s continuing failure to tackle its problems could have severe consequences for its participation in the international economy, lawyers say.

20 March 2014

FIFA, Qatar and jurisdiction

A Qatar company has been accused of paying the former FIFA vice president Jack Warner and his family almost US$2 million shortly after the Middle Eastern country won the right to host the 2022 World Cup.

20 March 2014

Court strikes blow against internal investigation privilege

A Washington, DC district court has ruled documents produced by a compliance department during an internal investigation cannot be protected by attorney-client privilege, prompting an appeal to the Court of Appeals for the District of Columbia Circuit.

19 March 2014

Hyperdynamics faces securities lawsuit

Investors in oil and gas company Hyperdynamics have accused the company and its most senior directors of providing false and misleading information about the company’s FCPA investigation, according to court documents.

17 March 2014

Corruption cost Egypt US$28 billion over 2013

Corruption in Egyptian governmental institutions cost the country around 200 billion Egyptian pounds (US$28 billion) over 2013, the head of the country’s Central Auditing Committee, Hisham Geneina, has said.

14 March 2014

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