Ohio-based Diebold Inc. agreed Tuesday to pay a criminal fine of $25.2 million to the DOJ and $23 million in disgorgement and prejudgment interest to the SEC to resolve allegations it violated the Foreign Corrupt Practices Act by covering up bribes to bank officials in China, Indonesia and Russia.
Entries in Foreign Official (127)
The U.S. Court of Appeals for the 11th Circuit will hear oral arguments Friday from two defendants convicted in the Haiti telco case. They're challenging the DOJ's interpretation of ‘foreign official’ under the Foreign Corrupt Practices Act.
In the previous four posts, we examined how the practice of allowing public officials to appear in films could be used as an alternative method of bribery. While we’ve focused on the idea of a foreign official receiving a cameo, the analysis actually applies to anyone who has a substantial enough connection to a foreign official. After all, the FCPA prohibits bribery through third-party intermediaries. So how should Hollywood behave when doling out film roles abroad?
This is the fourth of five posts looking at Hollywood’s practice of giving film cameos to politicians and how this practice would play in an FCPA context.
In the first post of this series, I talked about the possibility that political cameos, if used abroad, might serve as an alternative method of corruption. It makes sense to begin the inquiry by valuating a cameo. After all, if a brief appearance on screen isn’t worth much, then it’s unlikely to induce a foreign official to abuse her discretion.
The SEC’s apparent industry sweep of film studios in April 2012 raised a lot of eyebrows. While the sweep’s commencement was surprising, it disappeared as quickly as it started. Though no one outside the U.S. government knows exactly what, if anything, the SEC uncovered, this action certainly forced filmmakers to take notice of the FCPA.
A French court Monday acquitted oil giant Total SA, its chief executive, a former government minister, and more than a dozen other defendants on charges of violating the U.N.'s oil-for-food program.