The former co-chief executive officer of oil and gas services company PetroTiger Ltd. pleaded guilty Tuesday for bribing an official at Ecopetrol SA, Colombia’s state-controlled oil company, and defrauding PetroTiger by taking kickbacks.
Entries in Philippines (19)
Here's a summary of the gift-giving legislation for the Philippines. It's from the ethiXbase GRC Database, which covers anti-corruption legislation for 140 countries and gift-giving rules for more than 80 countries. All of the laws can be viewed online or instantly downloaded from the ethiXbase GRC Database.
Two former CEOs of PetroTiger Ltd., a British Virgin Islands oil and gas company with operations in Colombia and offices in New Jersey, were charged with Foreign Corrupt Practices Act-related offenses, fraud and money laundering. And the company's former general counsel pleaded guilty to bribery and fraud, the DOJ said Monday.
President Obama cancelled his visit to Southeast Asia last week -- something about a budget stalemate and government shutdown. Lost was a chance for face time with the leaders of Malaysia, Indonesia, and the Philippines.
From the Asia Sentinel (September 17, 2013):
"Details started to leak two months ago concerning the vast wealth that businesswoman Janet Lim Napoles had amassed including reportedly 28 houses and a US$2 million condominium in Los Angeles as well as cars, watches and an array of luxury items.
Company Involved: Universal Entertainment Corp.
Industry: Consumer Services
Industry Subsector: Gambling
Location: Manila, Philippines
In editorials directly addressing Bureau of Internal Revenue Commissioner Kim Henares, two Philippines-based journalists urged the government to exercise "extreme caution" before entertaining a contract bid from Chinese laser technology company Huagong Tech Company Ltd.
Wynn Resorts Ltd said Sunday its board asked a director to resign and already redeemed his 20% stake in the company after an internal investigation found numerous violations by him of the Foreign Corrupt Practices Act.