Donald Tsang, Hong Kong's Chief Executive between 2005 and 2012, was sentenced Wednesday to 20 months in prison.
Entries in Hong Kong (57)
The former Minister of Mines and Geology of the West African country of Guinea was arrested in New York and charged Tuesday with laundering $8.5 million in bribes he allegedly took from a Chinese conglomerate in exchange for mining rights.
JPMorgan Chase and a Hong Kong subsidiary agreed Thursday to pay $264.4 million to the DOJ, SEC, and Federal Reserve to resolve FCPA offenses for awarding prestigious jobs to relatives and friends of Chinese government officials to win banking deals.
Regulators charged with enforcing anti-corruption, anti-money laundering, and economic sanctions laws and regulations have turned new attention to the real estate industry, and investigations and enforcement efforts span the globe.
I have never found a culture that truly endorses straight-up bribery. There may be no culture which actually teaches that a suitcase full of cash privately given to an official in exchange for a benefit to which the payor is not legally entitled is a good thing, one that we should not deter even if we could.
Job Title: Pro Sports Senior Manager - Legal
Employer: National Basketball Association
Location: Hong Kong
U.S. Navy Lieutenant Commander Todd Dale Malaki admitted accepting cash, hotel expenses, and the services of a prostitute in return for providing classified U.S. Navy ship schedules and other internal Navy information to the boss of a Singapore-based defense contractor.
A civilian formerly working for the U.S. Navy as a contracting supervisor in Asia was arrested Tuesday in connection with the huge bribery scandal involving Singapore-based contractor Glenn Defense Marine Asia (GDMA).
China’s State Council has released a plan to increase salaries of civil servants amid public expectations that it will help curb corruption.
Job Title: Manager, Compliance & Risk APAC
Employer: American Express Global Business Travel
Location: Hong Kong
A federal judge in Manhattan Friday authorized the Internal Revenue Service to issue summonses requiring Federal Express Corporation, DHL Express, United Parcel Service, Inc. and others to produce information about U.S. taxpayers who may be using the offshore services of Sovereign Management & Legal, Ltd to evade U.S. taxes.