Topic: Bribery

Marshall Miller: “Sham” deals don’t qualify for new Safe Harbor protections

The senior DOJ official said prosecutors will scrutinise every disclosure made under the agency’s new M&A guidance for “sham” transactions.

28 November 2023

Entain to pay over £600m to end bribery probe

The gambling company’s corporate resolution in the UK will also be the first such agreement to include a charitable donation.

27 November 2023

UK government approved and encouraged Saudi bribes, court hears

“The SFO is prosecuting two elderly men for complying with requests made by the MOD,” a barrister for an 81-year-old businessman accused of helping an Airbus subsidiary bribe Saudi Officials told a London jury on Monday.

27 November 2023

South African prosecutors face setback on ABB-linked corruption case

South Africa’s state prosecution agency has vowed to return a case against individuals linked to a bribery scheme involving Swiss robotics company ABB to court after a judge found that prosecutors violated the defendants’ rights to a timely trial.

24 November 2023

Ex-MOD official received secret commissions from Saudi defence contracts, SFO alleges

A London court has heard how a former British civil servant allegedly received “undeclared, secret commissions” from contracts issued by his then-employer, the Ministry of Defence.

23 November 2023

SFO: UK executives bribed officials for Saudi defence contracts

A London court has heard claims that two British businessmen helped funnel bribes to “very highly placed officials” in Saudi Arabia’s military to secure contracts for an Airbus subsidiary.

22 November 2023

US fines two UK reinsurers for Ecuador bribery scheme

Tysers Reinsurance Group and HW Woods scored deferred prosecution agreements with the DOJ after cooperating with prosecutors investigating a sprawling bribery scheme linked to two Ecuadorian state-owned insurance companies.

20 November 2023

Rio Tinto reaches settlement over SEC’s Mozambique fraud claim

The proposed settlement in the US comes a year after the miner resolved a related investigation in Australia and six years after it settled with the UK’s Financial Conduct Authority.

20 November 2023

GIR Awards 2023 – The Winners

GIR revealed the winners of the 9th annual GIR Awards at a black-tie dinner at the Four Seasons hotel in Washington, DC on 16 November held in aid of the Swawou School for girls in Kenema, Sierra Leone.

16 November 2023

Records show decline in new FCPA cases at SEC continues

Lawyers say the continued downturn in new cases at the SEC’s foreign bribery unit could be related to DOJ guidance on self-disclosure and sanctions.

15 November 2023

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