Airbus Group SE said Thursday that French investigators have opened a preliminary investigation into allegations of fraud, bribery, and corruption in the company's civil aviation business.
Entries in Saudi Arabia (78)
Saudi Aramco reportedly confirmed Friday that one of its employees took a bribe for arranging a deal with aircraft maker Embraer SA.
Brazilian aircraft manufacturer Embraer SA is paying more than $205 million to the DOJ and SEC to resolve violations of the Foreign Corrupt Practices Act.
The Egmont Group -- Financial Intelligence Units from 151 jurisdictions, with 19 other observer organizations -- issued its latest Communiqué from its meeting in Monaco last week, targeting terrorist financing.
The UK Serious Fraud Office brought new charges Thursday against a UK subsidiary of Alstom SA and an Alstom employee for alleged corruption in a project to supply trains to the Budapest Metro.
FLIR Systems Inc. agreed Wednesday to pay the SEC about $9.5 million to settle FCPA offenses for funding a “world tour” by Saudi government officials who influenced decisions to buy FLIR products.
The UK data privacy watchdog fined the Serious Fraud Office £180,000 ($266,000) Monday for mistakenly disclosing evidence in the BAE investigation about 64 confidential witnesses in the case.
Job Title: Project Ethics & Compliance Officer
Location: Riyadh, Saudi Arabia
Ian Foxley was six months into his new job overseeing a $3.5 billion supply contract between the UK Ministry of Defense (MoD) and Saudi Arabia’s National Guard, when he noticed that a procurement document requiring his signature included $2.5 million in strange, additional charges.
A former top executive of Bechtel Corporation pleaded guilty Thursday for taking $5.2 million in kickbacks to rig bids for state-run power contracts in Egypt.
Prosecutors in Munich confirmed Wednesday that Airbus is under investigation for bribery connected with border security contracts in Romania and Saudi Arabia.
The Securities and Exchange Commission said Monday it sanctioned two former employees in the Dubai office of a U.S.-based defense contractor for violating the Foreign Corrupt Practices Act by taking government officials in Saudi Arabia on a “world tour” to help win business for the company. The two later created phony records to hide their offenses.