OTTAWA — The federal government is moving to crack down on Canadian companies involved in corruption abroad following several reports over the past few months of firms bribing foreign officials to secure lucrative deals in places such as Chad and Libya.
Canadian companies can compete with the best and win fairly
Insurance giant Aon has agreed to pay more than $16 million in fines to settle charges that its subsidiaries bribed foreign government officials, the Securities and Exchange Commission announced Tuesday.
Recently, Johnson & Johnson (JNJ) faced a major embarrassment when it agreed to pay $70 million to settle bribery charges against itself. Johnson & Johnson is hopeful of a similar settlement with authorities in the UK shortly.
Daimler will pay some 180 million dollars in fines to settle US allegations that the German automaker habitually bribed foreign officials, a source close to the case told AFP Tuesday. (Pictured: Daimler's Chief Executive Dieter Zetsche)
German automaker Daimler will pay some 180 million dollars in fines to settle a longstanding US investigation into allegations of foreign bribery, a source close to the case told AFP Tuesday.The settlement will end investigations by both criminal prosecutors and securities regulators into charges that the company paid millions of dollars in bribes to officials in 22 countries including China, said the source who spoke on condition of anonymity.Spokesmen for Daimler and the US Justice Department declined to comment on the case.