Volkswagen AG agreed Wednesday to plead guilty to three felony counts and pay a $2.8 billion criminal penalty for selling 590,000 diesel vehicles in the United States by cheating on federal and state emissions tests and lying to regulators.
Entries in Germany (100)
The former owner and president of a Pennsylvania consulting business pleaded guilty Wednesday to violating the Foreign Corrupt Practices by bribing an official at the European Bank for Reconstruction and Development.
Effective speak-up or whistleblowing hotlines are an element of good governance and can act as an early warning system. But while most large companies have a formal mechanism where employees can voice concerns, our 2015 Ethics at Work survey shows that employees don't have confidence in the system.
The Cámara Federal de Casación Penal of the Republic of Argentina issued an important ruling on May 4 concerning the legal principle that no one can be punished twice for the same crime (non-bis-in-idem).
Greek authorities said Monday they indicted 64 people for bribery involving Siemens AG from 1992 to 2006 related to communications company Hellenic Telecommunications (OTE).
Formula One supremo Bernie Ecclestone paid $100 million in August to end his trial in Germany on criminal bribery charges. Some of the money went to save two financially strapped hospice centers that support terminally ill children and their families.
The Securities and Exchange Commission Monday charged Bruker Corporation with violating the Foreign Corrupt Practices Act by paying for sightseeing trips and shopping expenses for Chinese government officials responsible for buying the company's products.
Siemens AG's former CFO Heinz-Joachim Neubürger will pay the company €2.5 million ($3.1 million) to settle a civil recovery claim connected to the global bribery scandal Siemens resolved with U.S. and German authorities in 2008.
German auto parts maker and defense contractor Rheinmetall AG said in a statement Wednesday that a subsidiary agreed to pay a fine of €37 million ($46 million) to resolve a criminal investigation of alleged bribes in connection with arms sales in Greece.