Region: Vietnam

Vietnam jails six officials in railway bribery case

A Vietnamese court has sentenced six former executives of the country’s state-owned Vietnam Railways to jail for taking US$550,000 worth of bribes from Japan Transportation Consultants, which worked on a railway development project in the country between 2009 and 2014, according to reports.

30 October 2015

Louis Berger fined US$17.1 million for bribing officials

US construction company Louis Berger International agreed to pay US$17.1 million in a deferred prosecution agreement with the US Department of Justice to settle charges that it bribed officials in India, Vietnam and Kuwait to secure government contracts, the agency said in a statement on 17 July.

20 July 2015

Investor seeks access to Bio-Rad books

An investor in life sciences company Bio-Rad, which agreed a US$55 million FCPA-related non-prosecution agreement with the US Department of Justice and the Securities and Exchange Commission in November, has asked the Delaware Chancery Court to force the company to turn over records related to the foreign bribery allegations.

23 April 2015

Vietnam to introduce whistleblower reward scheme in corruption cases

In Vietnam, whistleblowers who provide information that helps the country fight corruption could be awarded as much as five billion Vietnamese dong (US$234,000) under new government plans, according to news outlet Vietnam Breaking News.

27 February 2015

SE Asian countries to tackle private-sector corruption

The 10th annual meeting of the South East Asia Parties Against Corruption (SEA-PAC) began in Kuala Lumpur on 1 December. The three-day event, which will be attended by officials from Brunei, Malaysia, Indonesia, Singapore, Cambodia, Philippines, Thailand, Vietnam, Laos and Myanmar, will focus on corruption in the private sector.

01 December 2014

Bio-Rad pays US$55 million to settle FCPA charges

Life science research company Bio-Rad Laboratories has agreed to pay US$55 million to settle FCPA charges brought by the US Department of Justice (DoJ) and the US Securities and Exchange Commission (SEC), the authorities announced in separate statements on Monday.

04 November 2014

Gagging order undermines Australia’s anti-corruption enforcement efforts

An Australian court’s suppression order prohibiting the reporting of a corruption case with links to high-profile politicians in several Asian countries undermines Australia’s attempts to bring enforcement of foreign bribery cases up to international standards, lawyers say.

04 August 2014

Mark Pieth: public and private cooperation insufficient to stop corruption

Even when governments, companies and major organisations come together to fight bribery their efforts are still being undermined by lower-ranking officials, anti-corruption advisor Mark Pieth has said.

13 June 2014

Vietnam arrests four in railway bribery probe

Four railway officials in Vietnam have been arrested as part of an investigation into accusations a Japanese firm used bribes to win a railway contract, after the government vowed to vigorously investigate potential bribery in the bid.

08 May 2014

Vietnamese bank founder pleads not guilty to fraud charges

Asia Commercial Bank (ACB) founder Nguyen Duc Kien has pleaded not guilty to charges that he committed fraud and tax evasion crimes that contributed to the bank losing an estimated US$411 million, Bloomberg reported.

16 April 2014

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