The Daily Caveat is written by Michael Thomas, a recovering corporate investigator in the Washington, DC-area. [More]
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1/27/2009
For Corporations, Can Honesty Be a Profitable Policy?
Transparency International Shames Countries Soft on Corporate Bribery Prosecution
BAE Subpoenas Keep Coming 12/11/2007
British Govt to Circle Back on BAE Prosecution for Another Go. 11/28/2007
U.S. Govt. Obtains Swiss Papers in BAE Arms Dealing Probe
NYT Digs Deep on BAE and Corporate Bribery
How to End Bribery in Business
British Government Under Increasing Pressure to Explain Dropped BAE Bribery Probe
Miss Rosemary Ekosso Lays into BAE
For Corporations, Can Honesty Be a Profitable Policy?
A discussion of Siemens, BAE, OFAC and how regulation can be good for business, brought to you by the chair of the OECD Working Group on Bribery, Mark Pieth and Radha Ivory, a Research Fellow at the Basel Institute on Governance. Courtesy of Forbes of all places.
-- MDT
6/24/2008
-- MDT
Labels: BAE, Mark Pieth, OFAC, Radha Ivory, Siemens
Transparency International Shames Countries Soft on Corporate Bribery Prosecution
Read a brief UK-centric recap here or check out the full report at the Transparency website.
-- MDT
6/12/2008
-- MDT
Labels: BAE, bribery, prosecution, Siemens
BAE Subpoenas Keep Coming 12/11/2007
British Govt to Circle Back on BAE Prosecution for Another Go. 11/28/2007
U.S. Govt. Obtains Swiss Papers in BAE Arms Dealing Probe
The Guardian is reporting that Swiss prosecutors have agreed to hand over to U.S. authorities financial records linking the Saudi royal family to the BAE arms trading scandal. The U.S. government is seeking a million plus pages of documents relating from multiple sources touched by the probe. Thusfar Britain's Serious Fraud Office has denied U.S. requests for documents, something that goes back six months. This makes the Swiss disclosures all the more interesting.
Get further details on the BAE probe at The Guardian (including info about a witness flown to the U.S. to provide details to American authorities).
-- MDT
11/26/2007
Get further details on the BAE probe at The Guardian (including info about a witness flown to the U.S. to provide details to American authorities).
-- MDT
Labels: arms dealing, BAE, Bandar Bush, bribery
NYT Digs Deep on BAE and Corporate Bribery
Good stuff here on both the BAE bribery investigation, but also on the current state of FCPA investigations and prosecutions. Check it out.
-- MDT
4/13/2007
-- MDT
Labels: BAE, Bandar Bush, bribery, FCPA
How to End Bribery in Business
The answer, from the Financial Times OPED page? Political will.
Yeah, I know. Good luck with that... Still, the column is a good read, and not one likely to make you any less cynical. The FT is not exactly Pollyanna, after all.
-- MDT
3/20/2007
Yeah, I know. Good luck with that... Still, the column is a good read, and not one likely to make you any less cynical. The FT is not exactly Pollyanna, after all.
-- MDT
Labels: BAE, bribery, commentary, EU, Siemens
British Government Under Increasing Pressure to Explain Dropped BAE Bribery Probe
The Organization for Economic Co-operation and Development is applying substantial pressure to the British government over the dropped investigation of alleged bribes paid by defense contractor, BAE Systems to Saudi Arabian officials in order to secure a lucrative $7.7 billion arms contract - the largest in British history. The OECD view the British action (or in-action) as a heavy blow to the international anti-corruption regime, and promised their own review of the British investigation to take place later this year:
-- MDT
12/27/2006
An OECD working group said that previous recommendations to correct shortcomings in British law remained unimplemented, and it said that an OECD team would be sent within one year to take another look at Britain's anti-bribery efforts.More on the BAE scandal, here.
"Is there somewhere a systemic problem?" said Mark Pieth, who heads the OECD group and is also a professor of criminal law at the University of Basel in Switzerland. "Is there something that is blocking them? We want to go and have a look."
Pieth noted that Britain had failed to bring a single prosecution in foreign bribery cases since introducing a new law in 2001, despite a number of investigations. Pieth added that the continuation of the process gave Britain a chance to show that it was serious about stamping out corruption.
-- MDT
Labels: BAE, OECD, Rosemary Ekosso
Miss Rosemary Ekosso Lays into BAE
Arms dealing and corruption part of your daily routine? I would not suggest messing with Miss Rosemary.
-- MDT
-- MDT
Labels: arms dealing, BAE, corruption, Rosemary Ekosso
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