DRUGMAKERS SANOFI AND GLAXOKLINESMITH FACE ALLEGATIONS OF BRIBERY ACTIVITY IN THE MIDDLE EAST AND AFRICA
French drugmaker Sanofi has notified the US Department of Justice and the Securities and Exchange Commission of allegations of bribery activity in the Middle East and Africa, concerning alleged improper payments in connection with the sale of pharmaceutical products from 2007 to 2012.
Following a record USD 489 million fine for corruption in China in September, drugmaker GlaxoSmithKline is reportedly now also looking into allegations of corruption in the United Arab Emirates.
BANK SUED BY SAUDI DEVELOPER FOR US$ 10 BILLION
Saudi real estate company Jadawel International has sued Barclays for USD 10 billion claiming that the bank ceased pursuing lease payments due from the Saudi government on military complexes in the kingdom in order to obtain a lucrative banking license there.
OMAN TO INTRODUCE NEW ANTI-BRIBERY AND CORRUPTION LAWS
Oman is to introduce tougher powers to clamp down on bribery and corruption after it signed up to the UN Convention against Corruption, a legal expert has said.
SAUDI SHOURA COUNCIL ACCUSES TRANSPORT MINISTRY OF CORRUPTION
The Saudi Ministry of Transport has come under fire amidst claims of corruption. The National Anti-Corruption Commission (Nazaha) has been asked to investigate a USD 9.8 million contract awarded to build a 100-metre overpass in Riyadh that, six years on, is still incomplete.
SAUDI JUDGED JAILED FOR TAKING BRIBE
A judge has been imprisoned for four years and fined SR 200,000 (approximately USD 53,000) for reportedly accepting SR 2 million (approximately USD 530,000) in bribes from a citizen involved in a forgery and bribery case in exchange for suspending a ruling against the man.