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Entries in Taxes (23)

Friday
Dec202013

ADM pays $54.3 million to settle Ukraine tax bribes

A unit of Archer Daniels Midland Company (ADM) pleaded guilty Friday to violating the FCPA by bribing Ukrainian government officials through vendors in exchange for value-added tax (VAT) refunds.

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Monday
Nov182013

Park-Ohio discloses potential violation

Park-Ohio Industries Inc. said Thursday a third-party payment on its behalf to tax authorities may have violated the Foreign Corrupt Practices Act.

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Tuesday
Sep102013

DOJ launches Magnitsky forfeiture action against NYC property

U.S. Attorney Preet Bharara said Tuesday the United States has filed a civil forfeiture action against the assets of nine companies that own real estate in Manhattan. The complaint targets four luxury residential units and two high-end commercial spaces.

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Wednesday
Sep042013

‘Resource curse’ still haunts Uganda, Kenya

Since discovering oil in 2009, Uganda has not pumped a single barrel and the resource remains unexploited. An historic opportunity has so far been stymied by bureaucracy, law suits, corruption, hostilities with neighbors taking on a military hue, as well as the lack of adequate infrastructure to move the oil to market.

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Friday
Dec282012

The top five FCPA stories of 2012

1. Allegations against Wal-Mart -- Just when the debate about FCPA reform was heating up, the New York Times reported that Wal-Mart may have paid $24 million in bribes to Mexican officials to grow the business. The story showed why the FCPA is important. And it derailed the Chamber of Commerce's campaign to narrow the law and restrict the DOJ's enforcement of it.

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Tuesday
Dec182012

Four charged in U.K. for Nigeria bribes

The U.K. Serious Fraud Office said Monday that three men and a woman were charged in Westminster Magistrates' Court with two counts of conspiracy to corrupt. 

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Wednesday
Nov072012

For France, mixed grades in the battle against bribery

The Palais de Justice, located in the Ile de la Cite in central ParisThe OECD Working Group on Bribery has published its latest assessment on France's fight against overseas graft.

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Wednesday
Sep052012

Strip Stamp 'Scandal in the Making' in the 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.

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Friday
Feb242012

Noble Execs Charged By SEC

Three executives from oil services firm Noble Corporation were charged today by the Securities and Exchange Commission with bribing officials in Nigeria in exchange for illegal import permits for drilling rigs.

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Thursday
Jul282011

Diageo Pays $16.4 Million In SEC Settlement

London-based Diageo plc will pay the SEC more than $16 million to resolve FCPA offenses that stretched over six years and involved bribes to foreign officials in India, Thailand, and South Korea.

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