Bribery, Fraud & Tax Evasion
NEC, the Japanese electronics company, Tuesday said that 10 rogue employees placed fake orders worth Y2.2bn ($200m) and accepted kickbacks worth Y500m, which they spent on personal wining and dining.
England's House of Lords ruled that the Serious Fraud Office was lawful in its actions to halt investigations into allegations that BAE Systems ran a Â£60m "slush fund" and offered sweeteners to officials from Saudi Arabia in return for lucrative contracts.
President Bush's corporate champions see the spoils of his administration in coal. And timber. And credit-card payments, Afghan electric lines, Japanese bank transfers and fake crab.
Electronic Voting Machines Add Uncertainty to Close Election Race Across the U.S., dozens of election commissions, county clerks and voting registrars are scrambling to maintain public confidence in an election system shaken by the Florida 2000 debacle and challenged by security flaws in hi-tech electronic solutions. In the swing states, where the presidential election is expected to be close, 14 of 20 states will be experimenting with untested technology.
Five years after the fall of the Taliban, a joint report by the Pentagon and the State Department has found that the American-trained police force in Afghanistan is largely incapable of carrying out routine law enforcement work, and that managers of the $1.1 billion training program cannot say how many officers are actually on duty or where thousands of trucks and other equipment issued to police units have gone.
Pharmaceutical giant Pfizer has agreed to pay a total of $60.2 million in penalties to U.S. government regulators to settle documented charges of bribery in eight countries: Bulgaria, China, Croatia, Czech Republic, Italy, Kazakhstan, Russia, and Serbia.
Wal-Mart (NYSE:WMT) won a gag order to stop a fired security operative from talking to reporters and a judge ordered him to provide Wal-Mart attorneys with 'the names of all persons to whom he has transmitted, since January 15, 2007, any Wal-Mart information.'?
Rep. Randy "Duke" Cunningham (R-Calif.) pleaded guilty today to fraud, conspiracy to commit bribery and tax evasion. Shortly after entering his plea, Cunningham announced that he is immediately resigning his seat. His resignation comes after he admitted "he took $2.4 million in bribes to steer defense contracts to conspirators."
More than 500 people packed the Pompano Beach Civic Center on Monday night in a formidable display of opposition to Enron Corp.'s plans for a power plant next to Florida's Turnpike.
In February, the United States attorney's office in Manhattan is scheduled to go to trial in the largest foreign bribery case brought against an American citizen. It involves a labyrinthine trail of international financial transfers, suspected money laundering and a dizzying array of domestic and overseas shell corporations. The criminal case names Mr. Nazarbayev as an unindicted co-conspirator.