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.
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Pfizer has agreed to pay the federal government $60 million to settle allegations that its employees bribed doctors and other foreign officials in Europe and Asia.
Telecom-gear maker Alcatel-Lucent agreed to pay more than $137 million to settle U.S. charges it bribed foreign government officials in Latin America and Asia.
Telecom-gear maker Alcatel-Lucent agreed to pay more than $137 million to settle U.S. charges it bribed foreign government officials in Latin America and Asia.
Tobacco companies Universal Corp. and Alliance One International Inc. have agreed to pay millions in disgorgement and fines after being hit with bribery charges from the U.S.
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.
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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)
Two former executives of an Orange County company pleaded guilty to foreign corruption charges for bribing overseas government officials in order to win sales contracts.
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.