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Results for more bribery. Search took 0.10 seconds.
Bribery charges turn personal
in Sox First, on October 9, 2009
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The Justice Department is getting personal in its campaign to curtail bribery. The Wall Street Journal reports that the US officials are now honing in on individuals involved in bribery cases. ...
Organized crime, forests and climate change
in Sox First, on October 8, 2009
...obvious would be claiming credits for forests that don't exist. There could also be land grabs, bribery of officials and intimidation of villagers. The point is that the carbon trading market tra...
BAE brought to justice (finally)
in Sox First, on September 7, 2009
...cularly if the sentence comes with a ban on it accepting any government contracts for a few years. More to the point, this is new territory for the Serious Fraud Office going down the same direction ... ...proar broke out after Britain's Serious Fraud Office dropped its investigation into the alleged bribery allegations. Now, it looks like the Serious Fraud Office is trying to restore its reputatio...
Lockerbie bomber freed for trade deals
in Sox First, on August 23, 2009
... Libya that would allow this to happen. And as Sky News reports, the deal will clear the way for more trade between Britain and Libya, and not just in oil. Sky News reports: "Aside from fossil... ...tions count for a lot in the desert nation." There is definitely a pattern here. Remember the bribery deals involving BAE and Saudi Arabia that Britain refused to investigate? It's something...
Anti-corruption body slams major export countries
in Sox First, on June 25, 2009
...arency International has condemned some of the world's biggest exporters for failing to tackle bribery corruption. In its latest report , the anti-corruption body said some of the world's w...
Outsourcing safely
in The CIO Weblog, on January 9, 2009
...y is for your peace of mind when outsourcing firms may be affected as heavily or worse than yours.
More after the jump....
Looking in the Mirror and Seeing Your Ethics Smiling Back at You
in Biz Plan Hacks, on December 29, 2008
...uker's Ethics of Prudence and declared it "timely" in light of recent events like the bribery scandal at Seimens and Bernard Madoff's Ponzi scheme.
I like Druker's complaint abo...
Bribe payers index
in Sox First, on December 11, 2008
...rom those places will sling the odd bag of money if it suits them. Clearly, the attempts to rein in bribery are not completely successful....
Britain moves on bribery
in Sox First, on November 28, 2008
...Law Commission bringing in a set of proposals that would make Britain's enforcement standards more like the US. Under the proposals, British companies could be liable for prosecution if they ar... ...
Britain's bribery laws are finally set for an overhaul withe Law Commission bringing in a set of proposals that would make Britain's enforcement standards more like the US. Under the pr...
The Siemens saga rolls on
in Sox First, on November 19, 2008
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The Siemens bribery saga rolls on with two former managers confessing their crimes and likely to receive suspended sentences. The pair took the illegal payments and established a secret accounting...
Siemens' bribery bill
in Sox First, on November 11, 2008
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How much does bribery cost a company? Siemens has announced it has set aside 1 billion Euros ($US1.3 billion) to settle the case with authorities in the United States and Germany. "The com...
Britain is a laggard on bribery
in Sox First, on October 27, 2008
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The Organization for Economic Cooperation and Development's (OECD) working group on bribery has published a special review of the UK's record in fighting foreign bribery and it's not...
BAE - more bribery allegations
in Sox First, on October 1, 2008
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Defense contractor BAE Systems is reeling from allegations that it was involved in bribery and corruption in relation to the Al-Yamamah arms contract with Saudi Arabia. As a result, the Financial...
KBR bribery case goes deep
in Sox First, on September 6, 2008
The former chief executive of Halliburton spin-off US construction firm KBR, Albert Stanley, is facing seven years in the slammer after pleading guilty to charges of corruption relating to Nigerian deals, according to news reports . But this case could extend deep into Dick Cheney's old...
OECD slams Britain on failure to fix corruption
in Sox First, on August 18, 2008
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More signs that Britain will have a hard time internationally with Organization for Economic Co-operation and Development member-states slamming London's failure to deal with corporate bribery... ...mic Co-operation and Development member-states slamming London's failure to deal with corporate bribery. The Financial Times reports it has seen a letter from the OECD's anti-bribery workin...
BAE and Mugabe
in Sox First, on August 5, 2008
... outside intermediaries who sometimes act as brokers in arms deals. Good point, but it raises even more serious questions about this company's ethical standards.... ...
Only a few weeks ago, I did a blog entry on how the BAE-Saudi bribery scandal was getting worse. Just how much worse? Well, now we have the Financial Times reporting linking the armaments mak...
First Siemens conviction
in Sox First, on July 28, 2008
...company's growth prospects will be hit amid tougher economic times. And if it continues and if more heads roll, you can bet there will be calls for some sort of amnesty... ...
The first Siemens manager has been convicted in the trial into the engineering group's bribery and corruption, according to the latest news . Reinhard Siekaczek (pictured above) has been giv...
BAE scandal widens
in Sox First, on July 11, 2008
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Arms dealer BAE might be vowing to clean up after the Saudi bribery scandal but trouble is not going away. Swiss authorities have expanded their investigations into BAE following allegations ...
BAE vows to clean up
in Sox First, on June 30, 2008
...al standards in the wake of the Woolf Report into the company's ethics following allegations of bribery and corruption, and the Serious Fraud Office's controversial decision to abandon an inve...
Losing the anti-bribery fight
in Sox First, on June 24, 2008
...st corruption is going nowhere. According to a Transparency International report , has found that more than half the government signatories are failing to address corruption. And two of the biggest ... ...
About 10 years after the OECD Anti-Bribery Convention, and it looks like the battle against corruption is going nowhere. According to a Transparency International report , has found that mor...
Siemens case expands
in Sox First, on June 20, 2008
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The Siemens bribery scandal gets wider and wider. Now we have reports that the bribe money was distributed through a German company owned by three banks. Needless to say, the banks have all...
BAE: The net closes
in Sox First, on June 5, 2008
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The intrigue surrounding the BAE-Saudi bribery scandal continues with the Financial Times reporting that a third man, BAE's business development director Alan Garwood has been issued wit...
Siemens probe to widen?
in Sox First, on May 26, 2008
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If Siemens executives thought the fallout from the bribery scandal was about to go away, they should think again. It's likely to get worse with the trial starting today of former executive Rei...
Zeroing in on BAE
in Sox First, on May 22, 2008
...he company could be forced to repay billions of dollars in profit secured through corrupt activity. More details of Mike Turner's surprise party in The Independent . Joshua Hochberg, the former ...
News from the FCPA front
in Sox First, on May 16, 2008
...tract to manage the Bangkok International Film Festival and oil contractor Willbros getting fined more than $32 million to settle charges that it bribed officials in nigeria and Ecuador to ob... ... reports that the US Justice Department has started targeting inidviduals, not just companies, for bribery and corruption. This is quite strategic. It not only puts the heat on individuals, but it al...
Global corruption on the rise
in Sox First, on May 14, 2008
... which shows that one in four executives around the world has experienced at least one incident of bribery or corruption in the last two years and 23 per cent admitted their organisation had been app...
Siemens: from bad to worse
in Sox First, on May 2, 2008
...ngs are sliding , down 67 per cent, because of project delays, cancellations and costs flowing the bribery investigation. Siemens latest woes coincide with a report from international law firm De...
BAE-Saudi appeal
in Sox First, on April 25, 2008
... ruling in London overturning the British government decision to drop an investigation into alleged bribery and corruption in a major deal between arms maker BAE Systems and Saudi Arabia. Now we have...
Samsung chief indicted
in Sox First, on April 17, 2008
...eared of bribery allegations. The bad news is that the chairman has been indicted for tax evasion. More from Bloomberg . That sounds serious but there's every chance he'll get off lightly. ... ...
In the past, I have looked at Samsung's bribery scandal and allegations that samsung chairman Lee Kun-hee set up a $225 million slush fund to buy art for his art museum director wife. ...
Siemens saga rolls on
in Sox First, on April 16, 2008
...t how Siemens was struggling to change its bribe-prone culture . At the time, I said it would take more than a new chief executive to root out the corrupt practices inside the company's systems. ... ...proof of that with The Wall Street Journal reporting that German prosecutors have broadened their bribery investigation to include the power transmission business and warning that other units of Sie...
BAE bribery fallout
in Sox First, on April 14, 2008
...putation and cracking down on 260 employees supposedly engaged in unethical behavior. It would be more convincing if the company itself came clean.
... ...cision in London overturning the British government decision to drop an investigation into alleged bribery and corruption in a major deal between arms maker BAE Systems and Saudi Arabia. The Serious ...
More Siemens woes
in Sox First, on March 20, 2008
...period for Siemens' new boss Peter Löscher. He is trying to clean up the company following the bribery scandal but has been forced to issue a surprise profit warning because of delays to project...
The Siemens clean up
in Sox First, on March 6, 2008
... by the nazis and Stasi in previous decades but Solmssen told the WSJ that's changing as more start to accept that corrpution in the organization was systemic. "There was a cultural ac... ...
Siemens says it's making progress rooting out corrupt practices in the fall-out from its bribery scandal. Siemens general counsel Peter Solmssen has told The Wall Street Journal that a speci...
Daimler's new compliance officer
in Sox First, on February 21, 2008
... the cash. The company's chief executive fell on his sword and another executive suicided. More on that here . So Daimler finally realizes it needed to clean up its act. It might have taken... ...act. It might have taken two years but better late than never. But it does go to show that foreign bribery allegations are going to become more of a problem for companies right around the world. Ther...
Saudi and BAE threats: drop the corruption probe
in Sox First, on February 15, 2008
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The BAE bribery scandal grows grubbier by the day. As the Guardian reports, secret files show that Saudi Arabia's rulers threatened to make it easier for terrorists to pull off anothe...
BAE-Bandar blues
in Sox First, on February 12, 2008
...f the biggest allegations was that Britain's Ministry of Defense knew of and approved bribes of more than £1 billion ($US1.95 billion) from arms manufacturer BAE Systems to Prince Bandar of Saudi ... ...di Arabia , the former Saudi ambassador to the US, has been one of the key figures in the BAE-Saudi bribery scandal. One of the biggest allegations was that Britain's Ministry of Defense knew of a...
FCPA prosecutions to increase
in Sox First, on February 8, 2008
... countries where bribery is part of the local business culture, from Nigeria to China, and there is more co-operation with foreign governments. Another very good reason is simply globalization. As Ma... ...ommission. The Organisation for Economic Co-operation and Development is now updating its 1997 anti-bribery convention. That should be completed in March. But most European companies remain either un...
The BAE makeover
in Sox First, on February 1, 2008
...ibery Allegations Everywhere - has been pilloried for secretly paying Prince Bandar of Saudi Arabia more than £1bn ($US1.98 billion) in connection with Britain's biggest ever weapons contract and ... ...
BAE - it might stand for Bribery Allegations Everywhere - has been pilloried for secretly paying Prince Bandar of Saudi Arabia more than £1bn ($US1.98 billion) in connection with Britain's bigg...
Siemens fine to wipe profits
in Sox First, on January 23, 2008
...eptember 30, Siemens had a profit of 3.9 billion euros ($5.6 billion), the foreshadowed fine is way more than the company has been expecting and is on top of the 201 million euro ($292 million) fine i... ...and is on top of the 201 million euro ($292 million) fine it received in October in connection with bribery activities in its communications equipment business. Reuters reports that the company exp...
The Siemens money trail
in Sox First, on December 28, 2007
... The company is remaining tight-lipped about the sacking so that it won't give this scandal any more oxygen. But the elaborate money trail, detailed here in The Wall Street Journal, reveals tha... ...
Siemens continues to try to clean itself up and move on from the bribery scandal but the elaborate money trail suggests it's not going to be that easy. Last week, the company sacked Siemens ...
Alcatel pays fine to settle bribery claim
in Sox First, on December 27, 2007
... continues with Alcatel-Lucent agreeing to pay $2.5 million to settle charges that it violated anti-bribery laws by footing the bill for hundreds of sight seeing trips taken by Chinese officials. All ...
Siemens and the SEC
in Sox First, on December 19, 2007
...ng group Siemens AG today met with the US Securities and Exchange Commission in connection with the bribery scandal at Siemens. At the meeting, CEO Peter Loescher and , CEO and supervisory board chair...
Bribery update
in Sox First, on December 11, 2007
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Interesting developments in the two big corporate bribery cases, Siemens and BAE Systems. The heat is on both companies and despite their best efforts, it's not going away. First to BAE and we...
Corruption on the rise
in Sox First, on December 11, 2007
...those interviewed expect expect corruption to increase in the next three years. Significantly, many more people believe that than they did four years ago. The most pessimistic countries are India, Phi... ...
About one in 10 people around the world had to pay a bribe in the past year and reported bribery has increased in some regions, such as Asia-Pacific and South East Europe. Bribery is particularly w...
Samsung bribery scandal and Korea Inc
in Sox First, on December 5, 2007
...lobbied key public officials. There is also the allegation that chairman Lee Kun Hee masterminded a bribery network and paid out millions to facilitate the illegal transfer of a controlling stake in t...
Watchdogs warn about funds
in Sox First, on November 4, 2007
...an ongoing federal investigation regarding possible defrauding of the government and accusations of bribery." Still, they shouldn't hold their breath. Both groups have strong political conne...
Paid Links Minus Google Punishment
in The Search Engine Weblog, on October 14, 2007
..., people will be helping you back.
5. Sponsor a Wordpress Theme. Having a good theme will attract more visitors. This will also result to having more links.
There are so many things to take advanta... ...e a thing for you. Paid links will boost your search engine optimization results.
No black hat. No bribery. No dirty tricks. No less than pure business. These are some of the legit ways to ensure cle...
Siemens fined, more to come
in Sox First, on October 5, 2007
...suspicious transactions rising to about €1.6 billion ($US2.26 billion), this case of appalling bribery is not going away. The European law enforcement agency, the U.S. Department of Justice and the Se...
Fraud a growing problem
in Sox First, on September 28, 2007
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More than five years after the Bush administration brought in the world's toughest anti-fraud law, and Governments around the world followed suit, the latest data suggests that fraud is str... ... interest, financial mismanagement, internal financial fraud, procurement fraud, and corruption and bribery, according to a report by Kroll in conjunction with the Economist Intelligence Unit. Thef...
Selling SOA to the business
in The CIO Weblog, on September 26, 2007
...s break out some bells and whistles and use them on execs who are susceptible to the toys and candy bribery that sort of thing entails, but if you are trying to seriously convince serious business exe...
Siemens smell continues
in Sox First, on September 26, 2007
...esses, standardizing them worldwide and implementing these personnel changes will make our company more transparent and less complex in key corporate functions," said Löscher in the company stat... ...
Caught up in those bribery and corruption allegations involving hundreds of millions of Euros, Siemens is desperately trying to move on. Next week, Peter Solmssen will become the board's g...
Vesting in social change
in Audeamus - How dare we..., on September 24, 2007
...(J C Penney and Target) fell short on supply chain labor standards, with a few companies failing on more than one set of criteria.
However, one company that has been under fire relating to a freedom ... ...uite cut it on human rights, and the final quarter (mostly Japanese companies) failed on countering bribery, and two retailers (J C Penney and Target) fell short on supply chain labor standards, with ...
More heat on Siemens
in Sox First, on September 6, 2007
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The Siemens group might have new leadership but the bribery scandal is not going away with reports that that US Securities and Exchange Commission is now putting pressure on the German government...
Military contractors and corruption
in Sox First, on August 17, 2007
...d be seized and 29 per cent felt that the managers and executives needed to be prosecuted. Slightly more (17 per cent versus 14 per cent) felt companies engaged in bribery were more culpable than so... ...attention was drawn to Scott Henson's Grits for Breakfast blog which recently ran a corporate bribery survey. According to the survey, 61 per cent of respondents felt that corporations engaging...
Monster BAE profits
in Sox First, on August 9, 2007
Who cares about corruption allegations? British defence and aerospace company BAE Systems has reported a higher than expected 19 per cent rise in first half profits, driven largely by its expansion into the US. A little matter of endless war in Iraq and conflict in Afghanistan have also boos...
SOX and fraud
in Sox First, on July 24, 2007
...ck the numbers in the Deloitte report. The SEC is now issuing an average of 50 AAERs each year, way more than what it was doing five year ago. Clearly, something is not working. As the Deloitte report... ...ese are aiding & abetting; manipulation of A/R; asset misappropriation; manipulation of assets; bribery & kickbacks; manipulation of expenses; goodwill; manipulation of liabilities; improper d...
Efforts to control bribery failing
in Sox First, on July 19, 2007
...ency International Progress Report on OECD Convention Enforcement suggests that the battle against bribery and corruption has run into a brick wall. The report blames it on a lack of political will....
No progress at Siemens
in Sox First, on July 4, 2007
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Siemens ' efforts to extricate itself from this bribery mess is going nowhere fast. Daniel Noa, the man who was put in charge of investigating the scandal only six months ago has quit, aft...
BAE paid for luxury honeymoon
in Sox First, on June 22, 2007
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The BAE bribery scandal gets murkier and murkier with revelations that the arms merchant secretly paid nearly £250,000 ($US498,00) for a honeymoon for the daughter of Prince Bandar, the Saudi Ar...
BAE: the scandal that won't go away
in Sox First, on June 14, 2007
... Act. This would cause problems for BAE's attempts to make the Pentagon its biggest customer. More importantly, however, it is a devastating epilogue to the Blair administration. The British Gov... ...rs," writes Jenkins. "If the legal position of the British government as complicit in the bribery is untenable, its moral position is laughable. It has inflated the price of an export to win...
Fraud and SOX failure
in Sox First, on June 13, 2007
...ed. Despite tougher anti-fraud measures, three out of four certified fraud examiners feel fraud is more prevalent today than it was in 2002. They are also reporting increases in increases in incident... .... They are also reporting increases in increases in incidents of expense and reimbursement schemes, bribery and economic extortion, according to the Oversight Systems annual report on corporate fraud...
European whistleblowing
in Sox First, on June 6, 2007
...0 Western European employees believe their employers would not protect them if they reported fraud, bribery or corruption, according to an Ernst & Young survey. The survey of workers in 13 coun...
More trouble ahead for Siemens
in Sox First, on May 30, 2007
... chairman Gerhard Cromme has told the Frankfurter Allgemeine Zeitung that there could be "some more bad surprises". That comes after two of its former managers have already been sentenced ...
Go to jail: a corporate executive survival guide
in Sox First, on May 23, 2007
...face federal charges of stock-option backdating, conspiracy, securities fraud, money laundering and bribery. Yes, it's a long way to fall. One day you're a corporate high-flyer with the world...
Siemens corruption: how far does it extend?
in Sox First, on May 12, 2007
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The Siemens bribery scandal continues to deepen. The company is in the unusual position of seeing its reputation getting trashed and at the same time, its profits are rising. So are Siemens' ...
Duel in the desert: Sahara lawsuits
in Sox First, on May 7, 2007
...lawsuits and the accusations are flying thick and fast. Cussler has accused the Sahara producers of bribery and Crusader Entertainment has accused Cussler of inflating his book sales. Watch this sp...
Ethics in international business
in Sox First, on May 1, 2007
This year, we've seen Siemens being investigated for graft and corruption and Chiquita Brands getting fined $25 million slinging cash to paramilitaries in Colombia. And we're only four months into 2007. How does a business steer an ethical course when expanding overseas? It&...
The Siemens scandal: another one bites the dust
in Sox First, on April 27, 2007
...ing. He had also turned the company around, producing strong growth and a big increase in earnings. More of that here . The entire affair is an indictment of German corporate governance, says The E... ...mens chairman Heinrich Von Pierer announced he was stepping down in the wake of investigations into bribery and slush funds, we have Klaus Kleinfeld announcing that he won't renew his contract w...
Siemens scandal claims another scalp: chairman resigns, more to come?
in Sox First, on April 20, 2007
...esponsibility for the bribery scandal, even though it happened on his watch, and his resignation is more about damage control. "I have always believed that one's duty to the company and its w... ... bowed to the inevitable and announced he is stepping down . He has denied responsibility for the bribery scandal, even though it happened on his watch, and his resignation is more about damage cont...
German corporate governance and the Siemens saga
in Sox First, on April 12, 2007
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More fallout from the Siemens bribery scandal. The heat is on former Siemens chief executive Heinrich von Pierer to step down as chairman, according to the latest news reports . The pressure is ... ...
More fallout from the Siemens bribery scandal. The heat is on former Siemens chief executive Heinrich von Pierer to step down as chairman, according to the latest news reports . The pressure is ...
