Tag: bribery payments

• Saturday, February 9th 2019 - 07:16 UTC

  US Justice investigating Petrobras bribe money channeled through global trading companies

  

  U.S. authorities have joined Brazil’s investigation into alleged bribery involving Petrobras and some of the world’s largest trading companies, according to the Brazilian law enforcement officer in charge of the probe.

• Friday, August 4th 2017 - 07:26 UTC

  Ecuadorean vice president stripped of his authority over corruption allegations

  

  Ecuadorean President Lenin Moreno stripped his vice president of his authority Thursday over corruption allegations that emerged amid a battle for power within their ruling leftist coalition. In a signed decree, Moreno said he was withdrawing all the tasks that had been assigned to Vice President Jorge Glas since both took office in May, which included overseeing a production council and earthquake reconstruction.

• Saturday, May 14th 2016 - 08:55 UTC

  US$ 2 trillion lost to bribery and corruption every year, (2% of global GDP), claims IMF

  

  Bribery and corruption cost the world economy as much as US$2 trillion every year, money that instead could be used to fight poverty, create jobs, and protect the environment. A new report by the International Monetary Fund says the money lost to corruption every year is 2% of the global GDP.

• Saturday, August 10th 2013 - 16:18 UTC

  France’s Alstom paid millions in bribes to secure contracts in Brazil

  

  French power company Alstom paid millions of dollars in bribes to secure lucrative contracts in Sao Paulo state in 1998, a Brazilian newspaper reported this week. The Estado de Sao Paulo cited federal police documents as saying Alstom executives were among 10 people facing charges in connection with the scandal.

• Tuesday, April 23rd 2013 - 04:15 UTC

  Ralph Lauren fined in the US for briberies committed by Argentine subsidiary

  

  Ralph Lauren Corp. has agreed to pay 1.6 million dollars to the US Securities and Exchange Commission, SEC, after finding that its subsidiary in Argentina repeatedly bribed customs officials, federal authorities announced Monday.

• Tuesday, August 14th 2012 - 07:47 UTC

  Defendant says Lula da Silva was the ring leader of the Brazilian congress bribes scandal

  

  The defence of one of the main accused at Brazil’s “trial of the century” claimed at a hearing before the Supreme Tribunal (Supreme court) that former president Lula da Silva (2003/2010) was who ordered the bribes scheme to buy votes in Congress.

• Wednesday, June 15th 2011 - 21:37 UTC

  Siemens manager charged for allegedly bribing Argentine officials with 27 million USD

  

  A former management board member of Germany’s Siemens AG has been charged with breach of trust for alleged bribery payments made to win a project in Argentina, the Munich State Prosecutors office said this week.