As contractors like BAE and Siemens have settled large (FCPA-related) enforcement actions with the U.S. Government, there has been an epidemic of misleading and erroneous statements made about the role of suspension and debarment in the FCPA context.
Entries in Siemens (133)
How many corporate enforcement actions since 2005 didn't involve criminal or civil charges against any employees from the company? We find out.
There's no record of the DOJ filing a status report about the eight former Siemens executives and agents indicted in December last year despite a federal judge's order for an update by May 1.
The eight former Siemens executives and agents indicted in December last year for bribery, money laundering, and wire fraud haven't appeared in court in the United States and there are no reports of their arrests overseas.
By all accounts, Walmart's appetite for growth in Mexico was insatiable. The drive to dominate the retail market there, according to the New York Times, allegedly led the company to pay $24 million in bribes to fast track store permits.
Joe Palazzolo and Chris Matthews at the Wall Street Journal asked how Walmart's alleged $24 million in bribes to Mexican officials compares with other cases from our list of the Top Ten FCPA enforcement actions.
Since we first listed the top ten FCPA disgorgements a year ago, two new companies joined the list -- Johnson & Johnson and Magyar Telekom. They replaced GE and Baker Hughes.
The Greek Ministry of Finance said Siemens will pay €270 million ($336 million) to resolve a bribery scandal dating back to the 1990s.
Peter Henning's Dealbook column last week talked about the costs of FCPA investigations.
Michael Hershman, left, president of The Fairfax Group, helps public and private sector clients integrate core principles of social responsibility into their everyday practices.