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. .