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Entries in Indonesia (106)

Wednesday
Aug272014

Cash economies can hinder audit of books and records and internal controls compliance

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.

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Wednesday
Jul302014

Australia clamps ‘embarrassing’ gag order on global banknote bribe case

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."

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Monday
Jul282014

Smith & Wesson pays SEC $2 million to resolve FCPA violations

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.

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Thursday
Jul172014

Third Alstom exec pleads guilty for Indonesia bribes

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.

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Thursday
Jun052014

Indonesia loses $4 billion annually to procurement fraud, study finds

Jakarta, Indonesia, courtesy of WikipediaIndonesia 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.

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Wednesday
Apr302014

Top Indonesia oil and gas regulator jailed seven years for graft

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.

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Wednesday
Apr302014

In Indonesia, Bandung mayor jailed 10 years for bribing judges

Dada Rosada, former mayor of BandungFormer Bandung mayor Dada Rosada was sentenced Monday to ten years in prison for bribing judges to acquit city officials on trial for stealing millions in social aid funds.

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Tuesday
Apr222014

Impending graft arrest in Indonesia ID card program

Indonesia's Corruption Eradication Commission (KPK) Tuesday named the director of the Home Affairs Ministry as a suspect in an investigation into corruption in the nation’s e-KTP (electronic identity) card program.

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Monday
Apr142014

China dominates the corporate investigations list

Here's a note from the volunteer researcher who produces the Corporate Investigations List. A reader asked if we could identify the countries involved in the current investigations. We asked the volunteer researcher about it, and here's the response:

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Tuesday
Mar252014

Dispatch from the Wittgenstein Villa

I write from the International Anti-Corruption Academy conference in Vienna, Austria, where many speakers have remarked how much the world has changed in the past few years.

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