Tampa, Florida-based engineering and construction firm PBSJ Corporation agreed Thursday to pay $3.4 million for violating the Foreign Corrupt Practices Act by paying bribes and employing foreign officials to win Qatari government contracts.
Entries in bbooks and records (6)
Paris-based Alstom pleaded guilty Monday to bribing officials in Indonesia, Saudi Arabia, Egypt, and the Bahamas. It will pay $772 million in criminal penalties to settle the charges, the DOJ said.
Pete from DC, a compliance professional who's always been a good friend of the FCPA Blog, sent this comment to our post about Indonesia's cash-based economy. The post said in the country of 240 million people, a large majority don't have bank accounts, and even some big businesses rely entirely on cash.
Bio-Rad Laboratories Inc. said in its annual report Tuesday that it has added $15 million to its reserve for a potential Foreign Corrupt Practices Act settlement, bringing the total to $35 million.
A Swiss citizen who worked for California-based Maxwell Technologies Inc was indicted Tuesday for bribing officials at state-owned companies in China.
A federal judge Thursday angrily rejected a proposed 2011 settlement between the SEC and IBM, saying the company should be required to report all accounting violations and not just FCPA anti-bribery problems.