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United States: Foreign Bribery Leniency Program Gets Minor Adjustment
The U.S. Justice Department made several clarifications to its foreign bribery leniency program, in a move officials said was part of a continuing initiative to be transparent to companies.
The changes, announced Wednesday, concern language describing how companies can voluntarily disclose possible Foreign Corrupt Practices Act violations, and what information they are expected to share with prosecutors.
United Auto Workers President Gary Jones is stepping aside from the union’s top role, the union said Saturday, amid a federal investigation into corruption in the top ranks.
UAW Vice President Rory Gamble, who just led contract bargaining with Ford Motor Co., will serve as interim president, according to a union statement. The union board approved Mr. Jones’s request for a leave of absence. A person familiar with Mr. Jones’s request said it was a paid leave.
Federal prosecutors have charged a Turkish bank with undermining U.S. sanctions against Iran in a scheme that they say was aided by high-ranking officials in both countries, some of whom received tens of millions of dollars in bribes.
Prosecutors allege in the new indictment that from about 2012 to 2016, Halkbank and its senior officers used front companies in Iran, Turkey and the United Arab Emirates and made “illicit transactions” that should have exposed the bank to sanctions under U.S. law. That allowed them to transfer about $20 billion of what should have been restricted Iranian funds. Assistant Attorney General for National Security John C. Demers called the case “one of the most serious Iran sanctions violations we have seen.
The new head of Saudi Arabia’s anti-corruption commission said he plans to go after graft by ordinary government employees, following a high-profile campaign two years ago that netted princes, ministers, and top businessmen.
Members of the kingdom’s economic and political elite were detained for months at Riyadh’s Ritz-Carlton Hotel in a crackdown in 2017 that unsettled some foreign investors Riyadh needs to diversify its economy. Critics said it amounted to a power play and shakedown of the crown prince’s political rivals. For more info:- https://ethixbase.com/eanews/saudi-arabia-new-saudi-anti-corruption-chief-to-target-public-servants/
Welfare Minister Haim Katz resigned from the government on Friday after Attorney General Avichai Mandelblit announced earlier in the week that he plans to indict him on fraud and breach of trust charges.
Katz handed his resignation to Prime Minister Benjamin Netanyahu, writing: “In all my actions, fulfilling my duties as a minister and as a Member of Knesset, I acted in an impartial way and in the public interest.”
A Japanese court on Friday ruled that Carlos Ghosn can be detained until 22 April as prosecutors interview him over allegations of financial misconduct. On Thursday authorities questioned his wife in a closed-door hearing.
Japanese home builder Daiwa House Industry Co said it suspects 1.42 billion yuan ($211 million) may have been embezzled by three employees at its joint venture company in China.
A former city commissioner in Florida has been sentenced to five years in state prison for a corruption case related to a tiki bar he operated in a strip mall. Read More:-https://ethixbase.com/eanews/united-states-ex-commissioner-florida-city-gets-5-years-corruption/
