My Blog List

Thursday, November 24, 2011

Mexican prosecutors allege CAD 93 million corruption scandal at public utility

Mexican prosecutors said Wednesday they have uncovered a $93 million corruption scandal at the Federal Electricity Commission.

More on Oilweek Magazine

Comision Federal de Electricidad, Division Centro Sur is a Global Compact participant since 2006/04/21

Power plants fined over pollution

China's environmental watchdog has punished eight power plants for violations of the law on control of sulfur dioxide emissions .... More on China Daily

------
Among the eight companies are Global Compact participants China Power Investment Corp. and China Datang Corporation, which respectively joined on 2009/06/01 and 2008/05/01. As of 24-11-2011 China Power Investment Corp. is non-communicating.

Wednesday, November 23, 2011

French firm fined RM133m for bribery in Malaysia

French engineering group Alstom was fined RM133 million by Swiss authorities after its employees were found to have bribed civil servants in at least three cases including the award of contracts in Malaysia.

More on the Malaysian Insider
http://www.themalaysianinsider.com/malaysia/article/french-firm-fined-rm133m-for-bribery-in-malaysia/

Tuesday, November 22, 2011

Alstom to pay €31m fine after bribery probe

Alstom has been ordered to pay €31m by Switzerland’s attorney-general for negligently failing to stop bribery by some employees...

More on the Financial Times
http://www.ft.com/cms/s/0/1cd17286-1508-11e1-b9b8-00144feabdc0.html#ixzz1eTeD0ITD


Alstom is a Global Compact participant since 2008/03/18. It is a Member of the Working Group on the 10th Principle.

Monday, November 21, 2011

Pfizer agrees to pay $60 million to settle probe into bribes

"Pharmaceutical giant Pfizer Inc. has agreed to pay more than $60 million to settle an investigation by U.S. regulators into whether the drug maker paid bribes to win business abroad, the Wall Street Journal reported"

More on the L.A. Times website.

More on Corruption Currents