Teva Pharmaceuticals Industries Ltd. agreed Thursday with the DOJ and SEC to resolve FCPA violations through a deferred prosecution agreement and total payments of $519 million.
Entries in Israel (24)
Israel's enforcement of its foreign bribery statute took years to get off the ground but it's now going full speed ahead.
Authorities in Israel detained billionaire Beny Steinmetz for questioning about money laundering in connection with bribes allegedly paid to officials in Guinea for mining rights.
A Los Angeles businessman pleaded guilty Monday to using undeclared bank accounts at Bank Leumi and other Israeli banks to hide $21 million and avoid paying U.S. taxes.
Siemens AG agreed to pay the Israeli government about $42 million as a penalty for bribing officials at state-owned Israel Electric Corporation to win a contract to supply turbines fifteen years ago.
Six current and former executives from state-owned Israel Electric Corporation were detained last week in an investigation of alleged bribery involving Siemens.
Israel's Bank Leumi will pay $270 million to resolve federal charges and $130 million to settle New York regulators' allegations that it helped U.S. taxpayers hide assets and income in unreported accounts in Israel and around the world.
A celebrity rabbi will plead guilty to bribing a senior police official and now faces up to a year in prison, Israel's Justice Ministry said Wednesday.
A senior intelligence and interrogations official from Israel's National Fraud Unit was arrested in late June for allegedly selling information relating to police investigations, according to a statement Thursday from the Justice Ministry's internal affairs division.
A prominent Israeli lawyer was arrested Thursday on suspicion of being a middleman in a series of bribery schemes between police officials and his clients who were under police investigation.
The London lawyer who helped KBR and its partners deliver nearly $150 million in bribes to Nigerian officials and went to prison for violating the FCPA has been disbarred by the UK Solicitors Regulation Authority.
Former Prime Minister of Israel, Ehud Olmert, was sentenced Tuesday to six years in prison for taking bribes while serving as mayor of Jerusalem.