IBM settles bribery claims for US$10 million
The SEC alleges that IBM bribed mainland and South Korean officials to win at least US$54 million in government contracts between 1998 and 2009. While IBM had not admitted to or denied any wrongdoing, the US District Judge has approved the US$10 million settlement in disgorgement and penalties. The US Department of Justice was investigating whether IBM had violated the Foreign Corrupt Practices Act in relation to contracts in Poland, Argentina, Bangladesh and Ukraine.
China's former railways minister gets suspended death sentence for corruption scandal
China's former railways minister, Liu Zhijun, was convicted of bribery and abuse of power by a court in Beijing. Liu was charged and convicted of accepting 64.6 million yuan in bribes to help 11 people secure contracts and promotions. Liu faces the death penalty with two years' suspension for the count of bribery; the court also ordered all of Liu's personal property to be confiscated and a separate sentence of 10 years' imprisonment was given for abuse of power.
Senior officials removed from their posts during bribery investigations
Li Zhujiang and Chen Huayi, two senior legislators in the Guangdong Province were recently fired for alleged discipline violations. Both Li and Chen are under investigation for the acceptance of huge bribes. Li and Chen are among a number of senior officials and legislators who continue to be under scrutiny for corrupt behaviour.
Bo Xilai finally indicted on corruption charges
Bo Xilai was finally indicted on corruption charges and his trial is expected to begin soon. In possibly the largest political scandal to hit China in decades, Bo stands accused of bribery, embezzlement and abuse of power. Published reports estimate that Bo accepted bribes in the amount of as much as 20 million yuan in money and properties.
GlaxoSmithKline admits executives involved in bribery
GSK admits that certain members of its senior Chinese executives were involved in a cash and sexual favours bribery scandal involving over 3 thousand million yuan. Currently, four senior GSK executives have been arrested and one of the arrested executives has told Chinese state television that the bribes paid to doctors and officials would increase the prices that Chinese patients pay for GSK drugs by as much as 30%. In the meantime, the Chinese authorities have expanded their investigation to other western pharmaceutical companies such as AstraZeneca and UCB.
Chevron worker convicted of corruption
An Indonesian court convicted a local employee of Chevron of corruption on 17 July. The ruling found that the environmental manager for Chevron Pacific Indonesia had caused an unlawful monetary gain by leading the government to reimburse a soil cleanup programme, causing the state to incur a US$9.9 million loss. He was sentenced to two years in prison and planned to appeal the verdict.
Indonesia to build an international anti-corruption academy?
President Susilo Bambang Yudhoyono has said that Indonesia intends to initiate the establishment of an international anti-corruption academy. The academy would train professionals to better understand and fight against corruption with the support of the United Nations Office on Drugs and Crime, the European Anti-Fraud Office and the Republic of Austria.
Indian firm debarred by World Bank for fraud and corruption
The World Bank has announced its debarment of Consulting Engineering Services (India)(CES) for five years. CES was charged with fraud and corruption in a bank-financed national highway project in India where it allegedly, amongst other things, received bribes from construction contractors on the project. CES will be disqualified for any project financed by the World Bank Group during the debarment.
FCPA inquiries into several U.S. companies' ventures in India
Anheuser-Busch InBev SA confirmed on 1 August that its joint venture in India, InBev India Int’l Private Ltd., had been under investigation by the FCPA. Other alcohol companies to face FCPA inquiries in India include Beam Inc. and Diageo PLC. Wal-Mart Stores' India operation is also under investigation and now facing bribery charges which the Central Bureau of Investigation is examining closely.
Burma's Parliament approves Anti-Corruption Bill
Burma's Parliament has passed an Anti-Corruption Bill and once ratified, the law will require all officials in the executive, judicial and legislative branches of the government to declare their assets. Those found to be corrupt will be charged by an anti-corruption commission, members of which will also be required to declare their assets.
Tax Revenue Officials implicated in corruption
14 officials at the Finance Ministry's Internal Revenue Department (IRD) have been sacked for taking bribes while another 14 senior IRD officials are under investigation and will likely soon face consequences on graft charges. The senior IRD officials however will escape criminal charges of bribery. It has been said that Burma's government intends to drastically reform its ineffective tax system.
Party Leader demands fight against corruption
At the third meeting of the Central Steering Committee for Anti-Corruption, the Party General Secretary Nguyen Phu Trong urges the committee to pay more attention to preventative measures and information dissemination in connection with corrupt acts. The committee will participate in the process of revising corruption-related content in the 1992 Constitution. From 1 January to 31 May 2013, the People's Supreme Procuracy reported that 100 corruption cases were put on trial with 196 defendants.
Directors and CEOs may be held liable for employee corrupt acts
A Minster has stated that company directors and CEOs may soon be held liable if their employees are found to have committed graft. To enhance corporate governance, the government may soon introduce a corporate liability law similar to that under the UK Anti-Bribery Act.
Former FELDA subsidiary officers misappropriate funds exceeding US$9 million
Two former officers of a subsidiary of the Federal Land Development Authority (FELDA), Koperasi Permodalan FELDA Quality (KPFQ) Foods Sdn Bhd, were charged with criminal breach of trust over funds exceeding US$9 million. The Malaysian Anti-Corruption Commission arrested the two officers together with the former chief operating officer. As FELDA is a government-linked company, the government has been questioned in its role to monitor projects and to ensure no abuse takes place.
Anti-corruption officer charged for misappropriation of public funds
Corrupt Practises Investigation Bureau officer Edwin Yeo Seow Hiong allegedly misappropriated over US$1.3 million of public funds. He faces 21 charges for misappropriation, criminal breach of trust and forgery.
Money Authority of Singapore fines 22 firms over money-laundering
The Singapore regulator has fined 22 institutions and restricted operations at seven financial institutions in the past three years for failing to comply with anti-money laundering and terrorism financing rules. With effect from 1 July, Singapore has also made tax evasion a money laundering offence.
Taipei City Councillor faces corruption charges
Taipei City Councilor, Lai Su-Ju, allegedly sought a US$334,448 kickback from a multinational consortium in exchange for assisting the group win its bid for the Taipei Twin Towers project. Lai also served as a director of the office maintained by President Ma Ying-jeou in his capacity as KMT chairman. Lai has been detained since late March.
Anti-corruption inquiries into illegal transactions in government lands
The Enquiries and Anti-Corruption Establishment started an investigation into government servants of the revenue department, influential individuals and others who had used fake documents to illegally transact government lands worth millions of rupees. Previously, it was found that government lands totalling 1,038 acres had been fraudulently charged under the names of certain private individuals and then sold to OMV and ENI gas companies for huge amounts.
Korea's first anti-corruption bill for government officials approved
The Cabinet recently passed Korea's first anti-corruption bill for government officials. Under the proposed act, public officials who are caught accepting bribes will face up to three years imprisonment and up to US$27,000 in fines. The government intends to submit the bill to the National Assembly in August.