UWO says banker's wife spent $21 million at Harrods

A London court unsealed an unexplained wealth order Wednesday that names the woman who spent £16 million ($21 million) at Harrods department store buying Cartier jewelry, wine, and other luxury goods.

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Six compliance failures at United Technologies

United Technologies Corporation agreed Wednesday to pay the SEC $13.9 million to settle FCPA offenses related to its Otis Elevator and Pratt & Whitney aircraft engine businesses in China, Azerbaijan, and six other countries.

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United Technologies pays $13.9 million to settle FCPA offenses in China, Azerbaijan

United Technologies Corporation agreed Wednesday to pay the SEC $13.9 million to resolve charges that it violated the FCPA by making illicit payments in its elevator and aircraft engine businesses. 

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Katya Lysova: Armenia’s breakthrough moment against corruption

Armenia doesn't top many investors’ lists. The former Soviet republic is in an ongoing military conflict with neighboring Azerbaijan, has two closed trade borders with Turkey and Azerbaijan (borders with Iran and Georgia are open), and pervasive corruption prevents Armenia’s three million citizens from prospering.

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Swedish court acquits Russian in Bombardier bribe trial

A Russian employee of Bombardier accused of aggravated bribery was acquitted Wednesday when the District Court in Stockholm ruled the charges couldn't be proved.

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Sweden charges Bombardier employee with bribery

A Russian employee in the Swedish unit of Bombardier has been formally charged with bribing a government official in Azerbaijan to win a $340 million contract for a new train signaling system.

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Report: Bombardier Sweden linked to $85 million Azerbaijan payments

Authorities in Sweden arrested an executive and questioned several others from international engineering and manufacturing firm Bombardier as part of an investigation into corruption in Azerbaijan.

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DOJ charges Rolls-Royce with FCPA conspiracy

Rolls-Royce plc agreed to pay the United States a criminal penalty of $170 million under a deferred prosecution agreement after being charged with a long-running global conspiracy to violate the Foreign Corrupt Practices Act.

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Report: Azerbaijan First Family owns $140 million in luxury homes around globe

Azerbaijani President Ilham AliyevThe president of oil-rich Azerbaijan and his two daughters own foreign luxury flats and homes -- three of them in London -- together worth $140 million.

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Jailed Azerbaijan journalist: ‘If they aren't happy with my reports, stop stealing’ (with video)

Investigative reporter Khadija Ismayilova is in prison in Baku after she published a series of reports about corruption in the Azerbaijan regime.

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Austria: Two former banknote printing execs plead guilty in overseas graft prosecution

Two former executive directors of Austria's state-owned banknote printer pleaded guilty during a criminal trial in Vienna for a conspiracy to win business by bribing officials in Syria and Azerbaijan.

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Report: Rich Azerbaijan oil deal points to insiders

The State Oil Company of Azerbaijan (SOCAR) signed an unusually rich production sharing agreement with a company based in the United Arab Emirates that has close ties to Azeri officials.

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