Mishcon's Culture Vs Corruption Diary - March 2010
CULTURE VS CORRUPTION MARCH 2010
Welcome to the March edition of Mishcon's Culture vs Corruption Diary, the object of this diary is to provide businesses and their advisors with a snapshot of what has been happening in the world of corruption in the last month.
UNITED KINGDOM
Defence
BAE Systems, is preparing to plead guilty to criminal charges and pay one of the biggest fines yet over alleged corporate bribery after striking a deal to end trans-atlantic corruption probes that have entangled it for years.
Michael Peel
Financial Times, 6 February 2010
Legislation
The Bribery Bill has had its third reading in the House of Lords and its first reading in the House of Commons.
Houses of Parliament website, 9 February 2010
WESTERN EUROPE
Government
David Mills, the former British lawyer for Silvio Berlusconi, has won an appeal in Rome against a jail sentence imposed for allegedly taking a US $600,000 bribe from Mr Berlusconi to give false testimony on behalf of the billionaire media magnate in 1998.
Guy Dinmore
Financial Times, 26 February 2010
NORTH AMERICA
Energy
US prosecutors have requested the extradition of retired British sales executive Wojciech Chodan to Texas to stand trial for alleged involvement in a bribery scheme. The charges relate to the award of contracts to build liquefied natural gas plants in Nigeria.
Rob Evans
Guardian, 23 February 2010
ASIA
Electronics
The founder of China's largest electronics retail chain, Huang Guangyu, has been indicted on charges of bribery, illegal business dealings and insider trading.
Kathrin Hille,
Financial Times, 15 February 2010
Mishcon de Reya
Mishcon's Culture vs Corruption Diary is published by the Fraud & Insolvency Group of Mishcon de Reya Solicitors. Widely recognised as the leader in the field of fraud investigations, the Group has extensive experience in conducting and/or project managing highly sensitive international investigations in respect of bribery and corruption allegations. The Group founded and runs both the Fraud Network, made up of international legal fraud specialists, and the Financial Risk Group, for risk and compliance officers.