Oman's National Gas confirmed on Wednesday that its chief executive had been detained by the public prosecutor over suspected bribery, and said the firm's financial controller would take over as acting CEO.
A source in the
Alcoa has agreed to pay $384 million to settle charges by the US Securities and Exchange Commission and the US Department of Justice that its subsidiaries bribed foreign government officials, the agencies said on Thursday.
Fallen Chinese politician Bo Xilai appeared in public for the first time in more than a year on Thursday to face trial in eastern China, the final chapter of the country's most politically charged case in more than three decades.
Bernie Ecclestone's eye for a deal has made him a fortune and turned Formula One motor racing into a global money-spinner, but bribery allegations threaten to end his long reign as the head of the business.
Ecclestone, who is
Bahrain’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
Alba 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
A 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
Aluminium 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
Fifa'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
Mohamed 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