The BOTA Foundation was able to take the $115 million from the corruption case associated with James GIffen and use it effectively and efficiently to assist more than 200,000 poor children, youth and their families in Kazakhstan.
Entries in Nigeria (215)
BOTA was the first foundation established to restitute assets associated with an FCPA prosecution to victims of corruption. What were its key lessons that could be relevant to future foundations established for the same purpose?
Sandy Sierck, a long-time friend of the FCPA Blog, has again pressed forward in his effort to compensate corruption’s true victims: the citizens whose governments have failed them.
German engineering firm Bilfinger said Sunday an internal investigation has found that employees of a subsidiary paid bribes to public officials in Brazil for contracts related to the 2014 World Cup.
Last year, 17,958 people were killed in terrorist attacks, 61% more than the previous year. More than 80% of all deaths from terrorist attacks occurred in five of the world's most corrupt countries -- Iraq, Afghanistan, Pakistan, Nigeria, and Syria.
Last month, the DOJ's Leslie Caldwell, described the fight against corruption as “a necessary enforcement action to protect our own national security interests and the ability of our U.S. companies to compete on a global scale.” These comments not only apply to FCPA enforcement but also highlight the long-recognized notion that corruption can threaten peace and security. Today, the threat posed by corruption to security is especially relevant to Africa and the Middle East.
Italian prosecutors investigating state-owned oil giant Eni SpA over a Nigeria oilfield deal three years ago believe half of the $1.1 billion that Eni paid went as bribes to government officials or to intermediaries with close ties to them.
The CEO of Italy's biggest oil company, Claudio Descalzi, is under investigation by Milan prosecutors for alleged corruption tied to the company's 2011 acquisition of a Nigerian deepwater offshore block for $1.09 billion.
The current Ebola outbreak has now infected at least 1,975 people and claimed more than 1,000 lives, prompting the World Health Organization (WHO) to declare an International Public Health Emergency.
The Department of Justice announced its forfeiture of more than $480 million in corruption proceeds hidden in bank accounts around the world by former Nigerian dictator Sani Abacha and his co-conspirators on Thursday.