It was an odd event a few weeks ago when the U.K.'s Serious Fraud Office removed some Bribery Act guidance from its website without explanation.
Entries in Serious Fraud Office (127)
Passing legislation instead of applying resources is always tempting for governments.
The Government has proceeded to cut the budget of the Serious Fraud Office (SFO), the main enforcement agency, from £50 million in 2008/9 to below £30 million for 2013/14.
The Financial Times said Tuesday that an internal financial controller alerted senior EADS executives as early as 2007 that alleged bribes might be going to Saudi Arabian officials.
Carola Hoyos, the Times' defense correspondent, said the financial controller was concerned about payments to Cayman Island bank accounts and gifts to Saudi royal family members and military officials.
The U.K. Serious Fraud Office said this week it is investigating possible bribes in Saudi Arabia by a company owned by European defense contractor EADS.
In a perfect world the Solicitor General will get his proposals for deferred prosecution agreements (DPAs) through the House in their current form.
One of BP's contractors self-reported bribery allegations to the SFO last year, the Telegraph said.
The World Bank Group debarred two Oxford University Press for three years for misconduct by two subsidiaries in East Africa.
Since 2005, Southern Sudan has collected about $10 billion in oil revenues. The stolen funds would therefore constitute 40% of the country’s oil revenues.