A U.K. man who became rich selling fake bomb detectors in Iraq and other trouble spots was convicted of fraud this week in London's Old Bailey.
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Oil services firm Nabors Industries Ltd. said Wednesday the DOJ won't bring an FCPA enforcement action after an investigation first launched more than five years ago.
The top 20 oil producing nations have an average rank on the corruption perceptions index of 90 -- just into the bottom half.
German police raided and searched the German offices of EADS Tuesday.
Oil services firm Nabors Industries Ltd. was a customer of Panalpina but not among the six that settled FCPA cases on the same historic day in November 2010.
Tyco International Ltd. agreed on Monday to pay criminal and civil penalties totaling more than $26 million to resolve Foreign Corrupt Practices Act violations.
Britain's BAE Systems and Europe's EADS are proposing to merge, they said earlier this month, to create a defense giant capable of competing against Boeing or Lockheed Martin.
Great post Tuesday by our cousins at thebriberyact.com.
One of the most glaring, if unremarked, oddities concerning China nowadays is how perceptions of its leaders diverge depending on the observer. In the eyes of the Chinese public, government officials are venal, incompetent, and interested solely in getting lucrative appointments.
The Financial Times said Tuesday that an internal financial controller alerted senior EADS executives as early as 2007 that alleged bribes might be going to Saudi Arabian officials.
Carola Hoyos, the Times' defense correspondent, said the financial controller was concerned about payments to Cayman Island bank accounts and gifts to Saudi royal family members and military officials.