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.
Entries in Germany (102)
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.
A former top executive of Bechtel Corporation pleaded guilty Thursday for taking $5.2 million in kickbacks to rig bids for state-run power contracts in Egypt.
Prosecutors in Munich confirmed Wednesday that Airbus is under investigation for bribery connected with border security contracts in Romania and Saudi Arabia.
Transparency International released its 20th edition of the Corruption Perceptions Index (CPI) today, available here. The 2014 CPI ranks 175 countries based on the perceptions of public sector corruption. Denmark is at the top of the list with a CPI score of 92. Similar to the last several years, North Korea and Somalia are at the bottom of the list, scoring 8 each.
The deadline for a nuclear deal and the expiration of temporary sanctions relief is fast approaching -- November 24 -- extended from the original July 20, 2014 deadline. It shouldn’t come as too much a surprise, however, that officials from different countries involved in the negotiations suggested last week that a deal by Monday is unlikely and that a second extension is under consideration.
A Benedictine abbey in Germany's southern state of Baden Württemberg has discovered a secret fortune amassed by the former spiritual head of the monastery.
Even the most ardent Francophile, as I most assuredly am, must be dismayed by France’s abysmal record of bribery prosecutions. Recent OECD Anti-Bribery Convention Working Group reports reveal France’s inexorable zero. While France has contributed significantly to the global anti-corruption regime through its part in seizing Obiang family assets as well as referring evidence in the KBR cases to the U.S., nevertheless when it comes to prosecuting its own French based multinationals, France is failing.
For the tenth year in a row, Transparency International (TI) has assessed enforcement of the OECD Anti-Bribery Convention (the Convention) and the results are disheartening.
Martin is the amazing young man who took me on my tour. He did his year of national service at the former Nazi concentration camp, mostly giving tours. He works on projects for green energy in his regular job. As an Austrian, he gives all of us hope for a better future.
Job Title: Financial Accounting Officer
Employer: Transparency International
Location: Berlin, Germany
A Russia subsidiary of Palo Alto-based Hewlett Packard Company pleaded guilty Thursday in federal court in San Francisco to conspiracy and substantive violations of the anti-bribery and accounting provisions of the Foreign Corrupt Practices Act.