Switzerland's Financial Market Supervisory Authority (FINMA) has appointed Briton Mark Branson as chief executive, the authority said in a statement today. Branson has been acting as interim head of the authority since February, when Patrick Raaflaub stepped down from the position. Between 2006 and 2008, Branson was the head of UBS's Japanese securities unit.
An internal investigation by football governing body FIFA of alleged corruption concerning the voting procedure for two World Cup tournaments was nearly blocked, according to Reuters. It's alleged that certain senior FIFA officials last week tried to prevent the investigation, which is led by New York Kirkland & Ellis partner Michael Garcia, from continuing. According to reports, several FIFA officials tried to persuade their colleagues to agree to remove Garcia from his role as chief investigator. There are concerns that bribe payments may have been made to certain FIFA officials who were tasked with voting for which countries should host the World Cup tournaments in 2018 and 2022.
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. Takalani Tshivhase denies the charges against him. The news come a week after the OECD called on South Africa to improve its anti-corruption law enforcement, particularly foreign bribery .
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