GENEVA, SWITZERLAND – Somali members of parliament are expected Monday 10 September to vote for a new president in the first elections of its kind in decades, amid concerns of fraud and bribery. Media reports say that diplomatic sources overseeing the election process believe vote buying has been underway in recent days, with money coming [...]
FIFA’s Blatter “powerless” to sanction Havelange on bribes
July 13, 2012 by
GENEVA, SWITZERLAND – The president of the International Football Federation (FIFA), Sepp Blatter said Thursday 12 July it was not in his power to sanction honorary president and former president of the football association, Joao Havelange, after the release of documents showing he had received bribes worth millions of pounds. The Swiss Federal Tribunal revealed [...]
More bribery behind sharp increase in suspect money flows
May 15, 2012 by
Arab spring played a role Numbers are impressive but it’s the criminal tales that are gripping BERN, SWITZERLAND – Switzerland saw a 40 percent increase in 2011 in the number of suspicious activities reports (Sars) to MROS, the Money Laundering Reporting Office Switzerland, the federal office shows in its annual report published Monday 14 May. [...]
Anti-corruption group says Swiss need political contributions law
December 6, 2011 by
BERN, SWITZERLAND – Switzerland’s anti-corruption laws are good, but they should be strengthened, the government has been told by The Council of Europe’s Group of States against Corruption, Greco. Two areas that need legal reinforcement are laws covering bribery of officials, particularly of foreign governments, and the Swiss political contributions system. Swiss political parties are [...]
Swiss and Dutch “least likely to bribe” abroad
November 3, 2011 by
GENEVA, SWITZERLAND – Swiss companies share first place at the bottom of the list, but for a change this is a good thing: the list is Transparency International’s (TI) rankings of countries most likely to bribe abroad. Russia heads the list, with China close behind. The last two invested $120 billion overseas in 2010. The [...]
Two Brits among those investigated in Geneva for bribery, money laundering
August 30, 2011 by
GENEVA, SWITZERLAND – The Swiss public broadcaster Radio Suisse Romande (RSR) reports that three Al Rushaid Petroleum Investment Corp employees have been charged by the Geneva public prosecutor in a bribery and money-laundering case. Two British nationals and one Pakistani working for the drilling division of Al Rushaid may have accepted millions of dollars in [...]
Swiss court case misleads foreign media on bribery: Swiss among world’s toughest (update 2)
April 16, 2011 by
Holenweger case tests tougher anti-corruption laws in country already considered one of world’s best at fighting bribery Ed. note: AP (here, picked up by Business Week) late Saturday published a second, lengthy article about the implications of the case, which provides a balanced picture Zurich, Switzerland (GenevaLunch) – The case against former high-flying Tempus Bank [...]
Fifa suspends six in bribery scam case
October 20, 2010 by
International sports, football Zurich, Switzerland (GenevaLunch) – Fifa, the international football federation, has provisionally suspended two members of its executive board and four other Fifa officials, it announced Wednesday 20 October. Amos Adamu of Nigeria and Reynald Temarii of France, board members, have been banned from taking part in any football-related activity (administrative, sports or [...]
China’s once-richest man gets 14 yrs
May 18, 2010 by
Huang Guangyu, once the richest man in China, has been sentenced to 14 years in prison by a Beijing court that found him guilty of bribes, insider trading and illegal business dealings. The 41-year-old set up a company, Gome Electrical Appliances Holdings, which has become China’s largest home appliance chain. By 2005 his worth was [...]
Peru’s Fujimori pleads guilty to wiretapping, bribery
September 29, 2009 by
Former President Alberto Fujimori pleaded guilty in his fourth and final trial in Lima, Peru on charges of illegal wiretapping and bribery 28 September. He will be sentenced Wednesday 30 September and faces eight years in prison plus a $2 million fine. Fujimori ruled Peru from 1990 to 2000 until he flew to Japan and [...]
