By Aaron Nicodemus2022-12-05T16:19:00
Swiss technology company ABB agreed to pay $327 million in penalties to settle coordinated charges it paid bribes to win South African energy contracts.
The settlement, announced late Friday by the U.S. Department of Justice, saw ABB admit to a scheme from 2014-17 to pay bribes to a South African energy official. The scheme involved ABB making payments to subcontractors connected to the high-ranking official at the energy company Eskom Holdings. In return, ABB received “improper advantages” in its efforts to obtain work with Eskom, including access to confidential and internal Eskom documents.
ABB and Eskom then conducted “sham negotiations” that resulted in inflated contracts being awarded to ABB.
2024-08-01T17:01:00Z By Aaron Nicodemus
The International Police Organization will launch a pilot anti-money laundering initiative in Africa that will trace and recover funds stolen by corrupt officials and criminals.
2024-01-12T20:32:00Z By Aaron Nicodemus
Andrew McBride, chief risk officer of Albemarle Corp., and Tapan Debnath, head of integrity, regulatory affairs and data privacy at ABB, discussed how and why their respective organizations use data analytics to conduct business as part of a recent webcast.
2024-01-10T20:31:00Z By Kyle Brasseur
German-based software company SAP agreed to pay more than $220 million as part of resolutions with authorities in the United States and South Africa regarding alleged violations of the Foreign Corrupt Practices Act.
2025-10-08T18:28:00Z By Adrianne Appel
Charlie Javice, a former CEO who duped JPMorgan Chase into purchasing her start up company for $175 million, has been ordered to forfeit more than $22 million by the Department of Justice (DOJ) and to spend 7 years in jail.
2025-10-07T16:08:00Z By Adrianne Appel
Georgia Tech Research Corp. (GTRC) has agreed to pay $875,000 to settle allegations first raised by two compliance officers that its cybersecurity protocols violated acceptable standards for defense contractors, the Department of Justice (DOJ) said.
2025-10-06T17:12:00Z By Adrianne Appel
Tractor Supply Company has agreed to get into compliance with California’s consumer privacy law and to pay a $1.35 million fine—the largest yet by California—to settle allegations it violated the privacy rights of customers and job applicants.
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