Singapore: A former director of BP’s marine fuels business in Singapore and a businessman were each sentenced to 4½ years’ jail yesterday for their roles in a $4M private sector bribery case.
Defendant laundered more than $1.1 Million through a shell company.
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.
Whistleblowers reporting cases of corruption in Saudi Arabia will be able to benefit from financial and in-kind rewards.
Deutsche Bank has agreed to pay US authorities nearly $130M and entered into a DPA to resolve allegations that it breached bribery and fraud laws. A network of consultants in the UAE and Saudi Arabia were used to funnel bribes to clients. Commodities trading… Continue Reading “Deutsche Bank fined over $130M to Resolve Bribery and Fraud Violations”