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.
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.
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.
The Airbus bribery scandal continues to reverberate around the world. This latest lawsuit against the plane maker revolves around murky allegations of bribery, reputational damage, and lost income at the airline.
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.
As 2020 came to a close, our friends in the U.S. have bestowed a few compliance “holiday gifts” upon us… so just in case you missed it, here’s what has been put under our tree: