My Blog List

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.

Wednesday, February 26, 2014

Authorities raid Kongsberg Gruppen

Norway’s economic crimes unit Økokrim raided the defense communications arm of defense contractor and technology firm Kongsberg Gruppen on Tuesday, and charged the company with corruption. Authorities were tight-lipped, and wouldn’t immediately say whether any company executives or other individuals have been charged as well. More on newsinenglish.no Kongsberg Gruppen (KOG:Oslo) is a Global Compact participant since 2006/07/31. The alleged corruption facts range from 1999 to 2008. Kongsberg Gruppen was also a Silver Contributor (USD 5,000 < USD 10,000) to the Foundation for the Global Compact in 2012 and a USD 10,000 - USD 14,999 contributor in 2013.