My Blog List

Sunday, September 29, 2013

BHP faces possible sanctions following US corporate gifts investigation

Mining giant BHP Billiton might face sanctions as investigations into corporate gifts continue, the miner reported on Friday. In 2009, the US Securities and Exchange Commission (SEC) requested information from the company, prompting BHP to launch internal investigations and to disclose evidence regarding possible violations of anticorruption laws involving interactions with foreign government officials. More on Mining Weekly. BHP is a Global Compact participant since 2003/07/21. In 2013, BHP was a USD 15000 contributor to the Foundation for the Global Compact and USD 10000 contributor in 2012 and 2011.

Second Danone unit probes bribery allegations in China

Danone SA's advanced medical nutrition unit Nutricia has started an internal investigation after a Chinese newspaper published a report alleging it had bribed more than 100 doctors in Beijing to boost sales, the company said on Wednesday. More on Reuters. Danone is a Global Compact participant since 2003/02/27.

Wednesday, September 11, 2013

Protests continue in Bucharest against gold mine plan in Rosia Montana

About 1,000 people gathered in Bucharest on Tuesday night for a third day of protests against plans for Europe's biggest opencast gold mine. More on the Guardian. Read previous post. Rosia Montana Gold Corporation is 19.31 percent owned by the Romanian state with the remaining shareholders including Gabriel Resources, Newmont and Barrick Gold all three companies being Global Compact participants. The consortium itself is registered as as a Global Compact participant since 2005.

China's GSK probe motivated solely by wish to curb corruption

The major pharmaceutical multinational GlaxoSmithKline is being investigated by the Chinese authorities for anti-trust and bribery offences. More on the South China Morning Post. Read previous post. GlaxoSmithKline (GSK:LN), (GSK:London) is a Global Compact participant since 2007/08/10.

Olympus to be prosecuted by UK fraud agency

Japanese camera and medical equipment maker Olympus and its UK subsidiary Gyrus Group will be prosecuted by the UK's Serious Fraud Office. More on BBC News Olympus (7733:Tokyo), (OCPNY‎) is a Global Compact participant since 2004/10/20.

Hewlett-Packard Says Polish Regulators Join Bribery Probe

Hewlett-Packard Co. (HPQ), the world’s second-biggest personal-computer maker, said Polish investigators joined a probe by U.S. regulators into potential violations of the Foreign Corrupt Practices Act by the company. More on Bloomberg. Read the previous post. Hewlett-Packard (NYSE:HPQ) is a Global Compact participant since 2002/08/29.