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 an alleged corruption matter involving a U.S. hedge fund which has resulted in criminal conspiracy charges against the son of the former Prime Minister of Gabon; a Houston based corporation’s alleged agreement to pay $5 million in disgorgement for violations of the FCPA’s books-and-records provisions; and a disclosure made by a Brazilian airplane manufacturer that it has set aside $200 million relating to “allegations of non-compliance with the U.S. Foreign Corrupt Practices Act.”
Updates from the U.K. include news that a former deputy property manager for the British Royal Household has been found guilty of corruption; reports that Airbus Group SE have confirmed that the SFO have opened a formal investigation regarding the company’s use of third-party consultants; and news that the SFO is investigating F.H. Bertling Ltd. for its dealings in Azerbaijan, a month after the company was charged by the SFO with conspiracy to pay bribes in Angola.
Global reports include an update from Egypt where the arrest of 13 people has been ordered by the Egyptian public prosecutor, pending investigation into an alleged corruption matter regarding the procurement of wheat; news that the Malaysian Anti-Corruption Agency has reportedly detained three high ranking civil servants regarding allegations of corruption, abuse of power and money laundering; the sentencing of the former Mayor of the Russian city of Yaroslavl to over 12 years in prison for extorting a multimillion ruble bribe from a street cleaning company; plus anti-corruption developments in Germany, Iraq, South Korea 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. To subscribe to future editions of the Anti-Corruption Digest, click here.