United States: U.S. says Herbalife to pay $123.1 million to resolve China bribery case

Ethical Alliance Daily News

United States: U.S. says Herbalife to pay $123.1 million to resolve China bribery case
Aug 31, 2020 06:00 pm
Herbalife Nutrition Ltd will pay $123.1 million to settle criminal and civil charges it bribed Chinese officials in government agencies and media outlets to boost its business in China, the U.S. Department of Justice said on Friday. The multi-level marketing company, whose products include dietary supplements, entered a three-year deferred
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Brazil: Brazil court removes Rio governor over corruption
Aug 31, 2020 05:30 pm
Brazil’s High Court of Justice removed Rio de Janeiro Governor Wilson Witzel from office Friday, as police raided his official residence in a probe into accusations he stole emergency funds to fight the coronavirus pandemic. The raids also targeted the far-right governor’s wife and inner circle. Among those arrested was
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United Kingdom: U.K. Regulator Seeks to Expand Financial Crime Reporting Requirements to More Companies
Aug 31, 2020 05:00 pm
A U.K. regulator is proposing to expand an annual financial crime reporting requirement to a wider set of companies, including cryptocurrency exchanges and custodian wallet providers. The Financial Conduct Authority, in a consultation paper published this week, proposed extending its requirements to provide firm-specific information about suspected financial crime to
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Mexico: Mexican president forges crucible for corruption fight, eyeing key vote
Aug 31, 2020 04:30 pm
Gearing up for a key election next year, Mexican President Andres Manuel Lopez Obrador has wielded corruption as both a stick with which to beat political adversaries, and a lightning rod to deflect criticism from his record in office. Now, videos of his brother receiving cash from a political ally
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Thailand: Money trail points to bribery in mine dispute
Aug 31, 2020 04:00 pm
An inquiry panel looking into kickback allegations involving an Australia-based gold mining firm and Thai state officials has found documents that might prove the company had paid bribes to the officials, according to graftbuster Supa Piyajitti. Ms Supa, a member of the National Anti-Corruption Commission (NACC), said the panel has
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South Africa: South Africa’s ex-leader Zuma, accused of graft, hits out at successor
Aug 31, 2020 03:30 pm
South Africa’s former president Jacob Zuma, facing trial for graft, lashed out at his successor Cyril Ramaphosa on Friday, accusing him of betraying the ruling African National Congress (ANC) with his stance against corruption. In an unprecedented attack, Zuma, whose decade in power was marked by multiple corruption scandals that
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