The Securities and Exchange Commission announced last week that it deems it appropriate and in the public interest that public administrative and cease and desist proceedings be issued under the SEC Act against Swiss pharma giant Novartis (NOVN: VX), alleging bribery activities in China.
The SEC statement said: "From at least 2009 to 2013, certain...
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Category: Sanctions Violations
Buzzfeed says Cisco flaunting U.S. sanctions on Russia and fudges records to hide sales
According to Buzzfeed, Cisco Systems Inc. is under scrutiny for flaunting U.S. sanctions on trading with Russia and alleges that the company purposefully changed buyer names and accounts to evade U.S. authorities scrutiny. Senator John McCain has called for a full investigation. This means that Cisco may have been selling equipment that will end...
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