One of the world's biggest gold miners said in a securities filing Wednesday it is investigating some business activities in countries outside the United States.
Entries in Peru (10)
Here are highlights about Latin American corruption, enforcement, and compliance through June 2015.
Here are highlights from Latin America in connection with corruption, enforcement, and compliance through May 2015.
Admittedly, we're surprised to write that headline several weeks after “tax day” in the United States. However, a common theme emerged during a recent World Bank Group program on tax evasion: there's currently an unprecedented level of enthusiasm, political will and momentum in support of combating global tax evasion and avoidance.
As I settle back at my desk in Peru, I reflect on my experience last week at the IACA’s Corporate Integrity Training program. Ten years ago I wouldn't have imagined sharing a room with people from 25 different countries to discuss anti-corruption compliance. Our topic has gone global like never before.
I write from the International Anti-Corruption Academy conference in Vienna, Austria, where many speakers have remarked how much the world has changed in the past few years.
Israel arrested a former judge and state electric company executive who allegedly took bribes from Siemens in exchange for huge contracts to supply gas turbines.
Countries rich in natural resources are often corrupt, or so it seems.
Peruvian President Ollanta Humala’s brother, Alexis, is being investigated over irregularities related to his partnership in Krasny del Peru SL, a pharmaceuticals company that won more than 500 million soles ($191 million) of government contracts.
This is the second major corruption scandal involving the family of the president, who assumed office in July last year.
As reported Friday, one of the 22 shot-show defendants, Daniel Alvirez, is expected to plead guilty soon to charges of conspiracy to violate the Foreign Corrupt Practices Act. The government's two-count superseding information alleged that he plotted to bribe defense officials in Africa and the Republic of Georgia.
What to expect now? We asked someone familiar with the evidence, who requested anonymity. Here's what he or she told us:
The government's video and audio tapes are of good quality and the confidential informant, Richard Bistrong, should be an effective witness despite some baggage. Overall, the cases appear to be strong and supported by ample evidence.
There are indications of more foreign bribery involving the military-equipment industry; the allegations in the first 16 indictments (available here) and the superseding information may be the tip of the iceberg.
The Justice Department is seeking to build bigger cases against some current defendants. It may also indict other individuals.
Investigators could also be looking at involvement by some well-known industry leaders -- an Indian military-equipment supplier, three U.S. public companies, and two large private security contractors among them.
Countries and governments involved may include not just Georgia (mentioned in the superseding information) but also Peru, Mexico, Saudi Arabia, Guatemala, the Philippines, Colombia, and others. Representatives from some of the countries could be targeted by the Justice Department.