The former chairman of Indonesia's ruling party was jailed for eight years Wednesday for takingn up to $15 million in bribes to create a political slush fund.
Entries in Indonesia (110)
The court of appeal Friday upheld UK convictions against two defendants, Dennis Kerrison and Miltiades Papachristos, in the long-running Innospec bribery case.
The trial of a UK subsidiary of Paris-based Alstom started Tuesday, with the Serious Fraud Office alleging in filings that the company paid $8.5 million in bribes for contracts in India, Poland, and Tunisia.
The director of the UK Serious Fraud Office said the agency is close to making more arrests in its bribery investigation of jet engine maker Rolls-Royce Holdings Plc.
Pete from DC, a compliance professional who's always been a good friend of the FCPA Blog, sent this comment to our post about Indonesia's cash-based economy. The post said in the country of 240 million people, a large majority don't have bank accounts, and even some big businesses rely entirely on cash.
Wikileaks Tuesday released what it said is "an unprecedented Australian censorship order concerning a multi-million dollar corruption case explicitly naming the current and past heads of state of Indonesia, Malaysia and Vietnam, their relatives and other senior officials."
Smith & Wesson Holding Corporation agreed Monday in an out-of-court settlement with the Securities and Exchange Commission to pay $2 million to resolve Foreign Corrupt Practices Act offenses.
A former senior executive of a subsidiary of Alstom SA, the French power and transportation company, pleaded guilty Thursday to conspiracy to violate the FCPA.
Indonesia loses $4 billion every year due to poor procurement practices in the public sector, the Jakarta Globe reported Wednesday, citing a recent study by consultanting firm A.T. Kearney.
Rudi Rubiandini, the former head of Indonesia’s upstream oil and gas regulator SKKMigas, was sentenced to seven years in jail Tuesday for taking more than $1.5 million in bribes.