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Recent News
| | | | | |  | No Doctoring the Books
Foley attorneys David W. Simon, Erin J. Holland, and Gregory Husisian discuss how, facing a government FCPA crackdown, device companies need to establish robust, risk-based compliance programs to monitor their foreign business activities.
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| | | | U.K. Passes "Bribery Bill"
On April 7 and 8, 2010, the U.K. Bribery Bill passed the British House of Commons and House of Lords, respectively, creating the United Kingdom’s most comprehensive anti-corruption legislation to date.
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More Recent News
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Recent Enforcement Actions
| | | | Former Innospec Officials Settle Enforcement Action with SEC
On August 5, 2010, Oussama Naaman, a former Innospec, Inc. agent, and David Turner, a former Business Director at Innospec, filed a settled enforcement action with the Securities and Exchange Commission (SEC). Naaman and Turner were charged with violating the Foreign Corrupt Practices Act (FCPA) for paying bribes to numerous government officials to obtain and retain business.
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| | | | Similar Plea Agreements with Two Tobacco Companies Announced
In two similar FCPA enforcement actions, the Department of Justice and SEC have reached plea agreements with two tobacco companies, North Carolina-based Alliance One International Inc. and Virginia-based Universal Corporation, relating to illegal kickback schemes undertaken by their subsidiaries abroad.
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| | | | Greens Receive Lenient Sentences in Bribery Conviction
On August 12, 2010, Gerald Green, 78, and Patricia Green, 53, were sentenced to six months in jail and six months in home confinement - considered the most lenient sentence in recent times for such offenses - for paying $1.8 million in bribes from 2003 to 2007 to Juthamas Siriwan, governor of the Tourism Authority of Thailand and the president of the Bangkok film festival.
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| | | | Dutch and Italian Companies Agree to Fines in Nigerian Bribery Scheme
On July 7, 2010, Snamprogetti Netherlands B.V. (“Snamprogetti”) and its parent company, ENI S.p.A. of Italy agreed to pay $365 million in combined fines and penalties to resolve charges related to the Foreign Corrupt Practices Act (“FCPA”) for their participation in a decade-long scheme to bribe Nigerian government officials to obtain engineering, procurement and construction contracts ("EPC").
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