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Bahrain Shura clears new private sector bribery lawBahrain’s Shura Council has given the green light to a new law that criminalises bribery and embezzlement in the private sector and imposes tough new punishments. It states those found guilty, whether the briber or the perso More… |
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Alba , Alcoa agree to settle bribery suitAlba last night announced it had agreed an out-of-court settlement worth $447 million in a racketeering and fraud lawsuit against US-based Alcoa, a major aluminium producer. The settlement value will be realised in a combination of cash More… |
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Court rejects Alcoa bid to dismiss Alba caseA US federal court on Monday rejected aluminum maker Alcoa's bid to dismiss a racketeering lawsuit related to its shipments to Aluminium Bahrain (Alba), according to a written ruling in the case. In the lawsuit, filed in Pittsburgh fed More… |
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Alba vows to recover fraud lossesAluminium Bahrain (Alba) has vowed to recover the large amount of money unlawfully taken from the company by corrupt means. The company was responding to yesterday’s report on the Serious Fraud Office of the United Kingdom bringing charge More… |
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Fifa found 'overwhelming' evidence of briberyFifa's ethics committee found "comprehensive, convincing and overwhelming" evidence that Mohamed bin Hammam and Jack Warner were involved in attempted bribery, according to a preliminary report. Trinidadian Warner resigned as a Fifa v More… |
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Bin Hammam pulls out from Fifa raceMohamed Bin Hammam of Qatar withdrew his candidacy for the post of Fifa president on Saturday, one day before he is due to face an Ethics Committee hearing into bribery allegations. Bin Hammam, 62, president of the Asian More… |
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Bahrain to get tough on private sector briberyTough punishments against bribery and embezzlement in Bahrain's private sector have been approved by MPs. Parliament backed a government-drafted bill that will impose the punishments as Bahrain introduces new legislations to combat cor More… |
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India bank executives held on bribery chargesEight top officials from Indian banks and financial firms were arrested on Wednesday on charges of taking bribes to grant corporate loans, dealing another blow to Indian markets hit by a multi-billion dollar telecoms scam. The Central Bure More… |
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Jordan ex-minister, tycoon go on trial for graftA former finance minister and a business mogul went on trial on Monday in a corruption scandal that has rocked Jordan's political establishment. A military prosecutor has accused Adel Qudah, a former finance minister, Mo More… |
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US 'pressuring BAE in bribery probe'The United States is pressuring BAE Systems, Britain's top arms maker, to cooperate in a high-stakes corruption probe of arms sales to Saudi Arabia, a former top US Justice Department official said. 'DoJ (the Department of Justice) is send More… |
