Category: Bribery

FRANCE: Alcatel-Lucent Corruption Judgment upheld

The appeal of telecommunications equipment supplier Alcatel-Lucent was rejected by French Courts, finalizing the judgment of 150,000 euros in fines levied against the group for bribery of foreign public officials in Costa Rica in the early 2000s.

SWEDEN: Four Ericsson Employees Charged with Bribery.

Four former employees of Swedish telecommunications company Ericsson AB have been charged with bribery in Stockholm. In parallel, Ericsson agrees to pay its Finnish competitor Nokia $97 million for damages claimed related to its corrupt activities.

UK: Airbus Pleads Guilty to Corruption in Saudi Arabia, Fined $42M

A subsidiary of Airbus SE was fined a total of £30.3 million ( approx. US $42.1 million) after pleading guilty to one count of corruption relating to contracts awarded in Saudi Arabia.

FRANCE: Bolloré Group fined €12m for corruption in Africa

French industrial group Bollore on Friday entered into a settlement with the French authorities over a decade-old corruption case in Togo. The holding company admitted to resorting to corruption and breach of trust in order to win the management of the port of Lomé,… Continue Reading “FRANCE: Bolloré Group fined €12m for corruption in Africa”

Samsung Heavy Industries to pay $149M to settle corruption probe in Brazil

South Korean shipbuilder Samsung Heavy Industries (SHI) agreed on Monday to pay $149M in a leniency agreement with Brazilian authorities to resolve investigations into acts of corruption and money laundering. 15 months earlier, the shipbuilder resolved similar allegations with U.S. Authorities.

Former Geneva Minister found guilty of accepting undue advantage from Abu Dhabi

So the verdict is in: being invited by a Sheikh to watch the F1 race will land you in hot waters in Switzerland. A former Geneva minister has been found guilty of accepting an undue benefit linked to his luxury trip to Abu Dhabi.