The Russian media boss who served as the Kremlin press secretary and helped set up the state-funded RT network has bought at least three houses in the Los Angeles area worth over $28 million, a U.S. senator said this week.
The former head of the nation's biggest pension fund pleaded guilty in federal court in San Francisco to taking bribes and helping an associate collect millions in a fraudulent investment scheme.
A former project manager of a U.S. construction company working on U.S. government contracts in Afghanistan admitted Wednesday in federal court to soliciting a $60,000 kickback from an Afghan subcontractor in 2011.
Duan Jianguo, head of Shanxi Provincial Transportation Department, has been dismissed from public post and expelled from the communist party for accepting bribes and abusing power. Authorities confiscated Duan’s illicit gains worth nearly $2.8 million and transferred the case to judicial department for criminal charges. http://www.bjnews.com.cn
When a company suspects a competitor is going to pay bribes, the temptation is to do the same thing. Bribe takers encourage a bribery bidding war. They want the biggest bribe to win the business, not the best price, product or service.
Regulators in the United Kingdom said Wednesday they won't adopt incentives for whistleblowers like those in the United States but will help businesses improve their internal reporting and whistleblower protections.