Welcome to Dorsey & Whitney’s monthly Anti-Corruption Digest. In this digest, we draw together news of enforcement activity throughout the world and aim to reduce your information overload. Our London, Minneapolis, New York and Washington DC offices edit the digest and select the most important material so that you can use this digest as a single source of information.
In this edition, among the many topics discussed, we report on the settlement entered into between Mead Johnson Nutrition and the SEC regarding allegations that the company’s Chinese subsidiary paid $2 million in bribes to healthcare professionals in return for recommendations of its products; reports that a former regional director of SAP International Inc. has pleaded guilty to conspiring to violate the FCPA by participating in a matter to bribe Panamanian officials to win government technology contracts; and news of a request made by a group of investors that a federal judge in New York approve a $62 million settlement in a lawsuit that they were misled by Avon regarding compliance with the FCPA by its operations in China.
Reports from the UK include a confirmation from the SFO that it has opened a criminal investigation into Soma Oil and Gas Holdings Ltd following allegations of corruption in Somalia; updates regarding the trial of Tom Hayes, who has been found guilty of conspiring to manipulate Libor; and reports that the Government is to review the Bribery Act following claims from business leaders that that it is stifling the export of goods by British companies.
Global updates include further reports on the expanding investigation into corruption at Petrobras, Brazil’s state-run oil producer; a corruption matter in the Czech Republic regarding a former health minister who has been found guilty of taking bribes in return for allegedly arranging inflated public contracts for renovating hospitals and other public buildings; news of the U.S. President, Barack Obama, calling for the government in Kenya to take greater steps to tackle corruption; reports that GlaxoSmithKline is facing allegations of bribery regarding its operations in Romania; plus anti-corruption developments in China, Croatia, Ireland and more from around the globe.
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Corruption issues are also addressed in the Anti-Fraud Network’s newsletters: see http://www.antifraudnetwork.com for current and archived material; see also the Computer Fraud website at http://computerfraud.us and SEC Actions at http://www.secactions.com.
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