My Blog List

Monday, April 20, 2015

Brazil’s supreme court to investigate politicians in Petrobras corruption

Brazil’s supreme court will investigate 54 elected officials in connection with a corruption scandal unfolding at Brazil’s state-owned oil giant, Petrobras. More on Euronews. PetrĂ³leo Brasileiro S.A (BVMF: PETR4)(XNYS:PBR)(PETR4.SA) is a "Global Compact Advanced" participant and became a participant on 2003/11/26. In 2014, New York based UN Global Compact Office, received USD 15000+ from Petrobras. In 2009, Petrobras signed the CEO Statement against Corruption, which is publicly backed up by the Global Compact office.

Friday, February 6, 2015

Bombardier Transportation accused of corruption in South Korea

Bombardier Transportation was investigated in South Korea over corruption allegations but never charged, CBC's French-language service Radio-Canada has learned. More on CBC. Bombardier Inc.(TSX:BBD.B) is a Global Compact participant since 2007/03/17. Bombardier Inc. was a Gold Contributor to the Foundation for the Global Compact in 2012 and 2011.

Sunday, January 18, 2015

Alstom Pleads Guilty and Agrees to Pay $772 Million Criminal Penalty to Resolve Foreign Bribery Charges

Alstom S.A. (Alstom), a French power and transportation company, pleaded guilty today and agreed to pay a $772,290,000 fine to resolve charges related to a widespread scheme involving tens of millions of dollars in bribes in countries around the world, including Indonesia, Saudi Arabia, Egypt and the Bahamas. More on the SEC website. Alstom is a Global Compact participant since 2008/03/18. It is a Member of the Working Group on the 10th Principle. Alstom was also a Gold contributor to the Foundation for the Global Compact in 2013 (USD 15,000), a USD 10,000 contributor in 2012 and 2011. .

Friday, December 12, 2014

MAN AG discloses $344 million in penalties and costs for bribe scandal

German truck and diesel engine maker MAN AG has said a five-year old bribery scandal has now cost the company €250 million ($344 million) in fines and penalties and investigation costs. See more on FCPA BLOG MAN SE (formerly MAN AG) (MAN:Xetra)(MAN:GR) is a Global Compact participant since 2010/12/06. In 2013, MAN SE was a USD 15,000 contributor to the Foundation for the Global Compact, (USD 10,000 in 2012 and 2011.

Wednesday, September 24, 2014

Friday, August 29, 2014

Supplier factory of Samsung, Lenovo violates rights of children and students

Only six weeks after the latest revelation of child labor in Samsung’s supply chain, China Labor Watch (CLW) has again uncovered child workers and student workers employed under exploitative conditions at a Samsung and Lenovo supplier factory called HEG Electronics in Huizhou, Guangdong Province. Lenovo is a Global Compact participant since 05-01-2009. The Global Compact 5th Principle states that "Businesses should uphold the effective abolition of child labour." Lenovo was a USD 15,000 contributor to the Global Compact Foundation in 2014, 2013, 2011 and USD 10,000 in 2009.