US Foreign Corrupt Practices Act

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Adelson Firm Probed for Possible Bribery

Feds eye Las Vegas Sands Corp.'s mainland China deals

(Newser) - More bad news for Mitt Romney's biggest donor: US federal authorities are investigating Sheldon Adelson's Las Vegas Sands Corp. for possible violation of American anti-bribery laws in deals it made in China, the Wall Street Journal finds. The probe is separate from the investigation into alleged money laundering... More »

Walmart Fought to Scale Back Anti-Bribery Law

Firm lobbied for changes to Foreign Corrupt Practices Act

(Newser) - Walmart took part in an aggressive lobbying campaign to roll back the very same anti-bribery law it may be prosecuted under for alleged greasing palms in Mexico , the Washington Post finds. The Foreign Corrupt Practices Act, which bans American companies from bribing foreign officials, has been in place since 1977... More »

Murdoch's News Corp Could Face US Charges

News Corp may have violated US anti-bribery law

(Newser) - If prosecutors in the US decide to pick a fight with Rupert Murdoch and his media empire, the phone-hacking scandal on the other side of the Atlantic has provided them with plenty of ammunition, legal experts say. His News of the World is accused of paying off police officers in... More »

Goldman Sachs May Face Bribery Charge in Libya Deal

Securities regulators investigating attempt to help Gadhafi recoup money

(Newser) - Securities regulators are looking into the possibility that Goldman Sachs may have broken anti-bribery laws by offering to pay Libya’s Sovereign Wealth Fund $50 million in penance for losing almost all of the money it invested with them. The deal was never actually completed, but just offering it may... More »

Halliburton Will Pay $559M in Nigerian Bribery Fines

The settlement is the second-largest under the current law

(Newser) - Halliburton will shell out $559 million in fines—the largest federal penalty ever paid by a US company for bribery—to the Justice Department and the SEC to settle claims that its former KBR unit greased the palms of Nigerian officials to help get a gas liquefaction facility built, along... More »

Bahrain Arm Accuses Alcoa of Corruption

US aluminum giant bribed, defrauded, and overcharged, lawsuit alleges

(Newser) - A company controlled by Bahrain's government has filed a lawsuit in US federal court accusing metals giant Alcoa of a host of shady business practices, the Wall Street Journal reports. Pittsburgh-based Alcoa, one of the world's biggest aluminum companies, systematically overcharged Bahrain Aluminum for raw materials and funneled money to... More »

6 Stories