Hempel A/S, a coating supplier based in Denmark, has decided to settle allegations of bribery with a payment of $33.4 million to enforcement agencies in Denmark and Germany.
In April of 2017, Hempel A/S self-reported a number of illegal sales practices that were discovered in Germany, as well as...
Continue reading…
Category: Foreign Fraud
Military Contractor in Afghanistan Settles Fraud Investigation by Forfeiting $25 Million to U.S. after Proof of Corruption and Falsified Documents revealed in investigation
The United States Department of Justice pressed a civil forfeiture case involving wrongfully acquired assets retained by Hikmatullah Shadman, a government contractor in Afghanistan. The DOJ settled the case with forfeiture of $25 million to the United States as recompense for the unlawful acquisition of United States assets for himself.
Continue reading…
Second front to trade war: U.S. revokes India’s preferential trade status increasing tariffs by $5.6 billion and more expected
President Donald Trump has revoked Indias preferential trade status worth $5.6 billion. This affects manufacturers of auto spare parts and casings for wires that are too low on the value chain for American manufacturers to make them in the U.S. Trump wrote that he is taking the step because "I have determined...
Continue reading…
Corporate Whistleblowers in Australia Attempting to Expose Injustice Are More Protected Than Ever Under New Laws
Those looking to report corruption, fraud, tax evasion, and other forms of misconduct in the corporate world can finally get the protection they deserve as new whistleblower laws in Australia clear federal parliament.
Corporate whistleblower laws introduced in late 2017 have managed to pass the lower house in early 2019. These laws put into place...
Continue reading…
Past Cognizant Tech President and top Legal Officer indicted for $2 million bribes of Indian officials and Cognizant fined $25 Mill.
The former President and the former Chief Legal Officer of Cognizant Technology have been indicted for paying approximately $2 million through company employees and agents, to government officials in India to secure obtain required permits on an office park. There were also other payments in connections with other projects. The the Cognizant...
Continue reading…
Twitter and File Sharing Site Used to Leak Mueller Investigation Evidence By Russian Hackers
Over 1,000 files of evidence gathered by Robert Mueller, special counsel, have been leaked online by Russian hackers using Twitter and a filesharing site as their platform. According to prosecutors, the leaked evidence was an attempt to discredit Mueller's investigation into Moscow's political interferences with the United States.
Promoting The Leak on Twitter
In October, a...
Continue reading…
Details of DOJ Criminal Charges Against The Chinese Telecom and Tech Giant Huawei for Wire Fraud, Trade Secret Theft, Breaking Confidentiality, and Disregard of Sanctions Set in Iran
The Chinese company Huawei, a telecommunication giant, was put in the spotlight as the United States showed concerns over the possibility of Chinese spying through the use of their technology. Concerns grew larger back in early December of 2018 when Meng Wanzhou, daughter of founder Ren Zhengfei and current CFO of Huawei, was arrested...
Continue reading…
U.S. removes Chinese telecommunication equipment, including Huawei, from sensitive sectors over concerns of Chinese Spying
Information is a priceless commodity in today’s world, and while it may not be something that can be protected physically, many would go to extreme lengths to keep their information more secure than even some of the largest banks. The U.S. is no different, risking an already sensitive relationship with China in...
Continue reading…
Turkish Journalist is Sentenced to Jail Time for Her Work in The Paradise Papers as Decided By Istanbul Court After Investigation
After a lawsuit was filed against investigative journalist, Pelin Ünker, for her reporting on the Paradise Papers, an Istanbul court has found her guilty of defaming Turkey’s former Prime Minister, Binali Yildirim. For speaking against Yildirim and reporting on his confirmed offshore activities, Ünker has been sentenced to thirteen months in jail...
Continue reading…
Chinese export companies rush to build factories in other countries including Cambodia and Vietnam to evade U.S. trade tariffs
China’s key export companies are pushing to build and expand their factories overseas, in Cambodia and Vietnam, according to Epoch Times and other media sources. One of them, KingClean Electric Co. is a company that creates cleaning appliances and garden tools and it says its overseas business accounted for 67 percent, according to...
Continue reading…
