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Russia, known for its high levels of corruption, is cracking down on corrupt officials to strengthen its military capabilities and address financial strains exacerbated by the war in Ukraine. The number of corruption-related criminal cases, sentences, and asset seizures has increased significantly since the conflict began. President Putin's government is intensifying efforts to combat corruption, seizing billions of rubles in assets and freezing funds to curb misappropriation of state resources. The crackdown aims to improve the efficiency of Russia's fighting force and reduce the impact of corruption on national defense spending. [Extracted from the article]

Russia is intensifying efforts to combat corruption among officials, with a significant increase in corruption-related criminal cases, sentences, and asset seizures since the start of the war in Ukraine. The crackdown, which has seen arrests of high-ranking military officials and deputies, aims to address the impact of corruption on state finances and the efficiency of Russia's fighting force. President Putin's appointment of a new defense minister and the seizure of billions of rubles in assets from corrupt officials reflect the government's focus on curbing graft to bolster the war machine. [Extracted from the article]

US prosecutors have refuted New York Mayor Eric Adams' assertion that a bribery charge filed against him is not a federal crime. Adams, facing a five-count criminal corruption indictment, is seeking the dismissal of a bribery charge, but prosecutors argue against it. The government alleges that Adams accepted benefits in exchange for pressuring a City agency, violating bribery laws. The case is ongoing, with the possibility of new charges and additional defendants being named. [Extracted from the article]

US prosecutors have refuted New York Mayor Eric Adams' assertion that a bribery charge filed against him is not a federal crime. Adams, facing a five-count criminal corruption indictment, is seeking the dismissal of a bribery charge, but prosecutors argue against it. The government alleges that Adams accepted benefits in exchange for pressuring a City agency, violating bribery laws. The case is ongoing, with the possibility of new charges and additional defendants being named. [Extracted from the article]

US prosecutors have refuted New York Mayor Eric Adams' assertion that a bribery charge filed against him is not a federal crime. Mayor Adams is facing a five-count criminal corruption indictment and is seeking the dismissal of a bribery charge. Prosecutors argue that Adams violated bribery laws by accepting benefits in exchange for pressuring city officials, specifically in relation to a new Turkish consulate building. The case is ongoing, with Adams pleading not guilty to the charges. [Extracted from the article]

$104 Million Repayment ABB is one of several international companies found to have engaged in years of corruption at Eskom and other South African state-owned companies during the presidency of Jacob Zuma, which ended in 2018. (Bloomberg) -- A scheme by employees at Swiss industrial firm ABB Ltd. to pay bribes for contracts at South Africa's state-owned power utility nearly fell apart in a dispute over who would share in the spoils, US court filings show. [Extracted from the article]

(Bloomberg) -- The Swiss drugmaker Novartis AG and two subsidiaries admitted to overseas bribery schemes and agreed to pay about $347 million to settle U.S. investigations under a law that President Donald Trump has criticized as unfair. MORE: Novartis's Secret Settlement Talks Revealed in Accidental Filing (Updates with Novartis shares in the sixth paragraph) ©2020 Bloomberg L.P. [Extracted from the article]

(Bloomberg) -- The Swiss drugmaker Novartis AG and two subsidiaries admitted to overseas bribery schemes and agreed to pay about $347 million to settle U.S. investigations under a law that President Donald Trump has criticized as unfair. MORE: Novartis's Secret Settlement Talks Revealed in Accidental Filing (Updates with Novartis CEO in fourth paragraph) ©2020 Bloomberg L.P. [Extracted from the article]

The article reports on South Korea's proposed anti-graft law that will impose seven years of imprisonment for lawmakers who enrich themselves by using their positions as leverage. Topics discussed include the total fine for graft, passage of an anti-bribery law in 2015 targeting government officials, journalists, teachers and their spouses and indictment of a lawmaker on charges of illegally acquiring a property in a location that is planned by the government to redevelop.

The article discusses Roger Ng, former banker at Goldman Sachs Group Inc. is in plea talks to avoid a U.S. trial on charges that he has violated U.S. anti-bribery laws and conspired to launder money embezzled from Malaysia's state investment fund 1MDB. It mentions that Ng is also charged with conspiracy to violate the Foreign Corrupt Practices Act (FCPA) and a money-laundering conspiracy, crimes which carry a maximum sentence of decades in prison.

The article reports that Former Goldman Sachs Group Inc. investment banker Roger Ng is still in plea talks to avoid a U.S. trial on charges that he violated American anti-bribery laws and conspired to launder money embezzled from Malaysia’s state investment fund 1Malaysia Development Berhad scandal (1MDB). It mentions that Former Goldman banker Tim Leissner pleaded guilty to conspiring to launder money and violating the U.S. Foreign Corrupt Practices Act.

The article reports that retail company Walmart Inc. has agreed to pay penalties ad Brazilian unit admitted to violate U.S. anti-bribery law and mentions investigation that spanned yeild record foreign-corruption fines. Topics discussed include how U.S. Department of Justice and Security and Exchange (SEC) Commission faulted retailer over payments, penalties asked by the U.S. authorities and how Walmart case posed challenges for investigators.

The article reports that retailer Walmart will pay approximately 138 million dollars in criminal penalties and 144 million dollars in disgorgement to settle the allegations made by the U.S. Securities and Exchange Commission (SEC ). The U.S. Justice Department and the SEC had faulted Walmart over payments made to fast-track store openings in Mexico, China, Brazil and India. It also mentions a Brazilian unit WMT Brasilia, which pleaded guilty of violating a U.S. anti-bribery law.

The article reports on ending of an investigation by the U.S. government on Walmart Inc. over payments made to fast-track store openings after paying of penalties. Topics discussed include the firm admitted of violating a federal anti-bribery law, views of Walmart President Doug McMillon, on commitment towards doing business ethically, and disclosure of possible violations in Mexico to the Securities and Exchange Commission (SEC) and Justice Department.

The article reports on agreement by Walmart for paying penalty focused towards settling claims with the U.S. Justice Department regarding violation of U.S. bribery laws securing construction permits for new stores by its Brazilian unit. Topics discussed include the firm pleaded guilty on June 20, 2019 over violations of the Foreign Corrupt Practices Act, the firm earned profit from stores built by such construction companies and disclosure of possible violations in Mexico.

The article informs that Walmart Inc. ended a seven-year investigation by the U.S. government over payments made to fast-track store openings in several countries by agreeing to pay more than 282 million U.S. dollars in penalties, as of June 2019. It reports that the firm's Brazilian unit admitted to violating a federal anti-bribery law.

One of the most famous rules for bankers inside Goldman Sachs Group Inc. was written decades ago by the late boss John Whitehead: "Important people like to deal with other important people. Leissner's guilty plea to conspiring to launder money and violate foreign bribery laws in the 1MDB corruption case was unsealed Thursday. [Extracted from the article]

Och-Ziff Capital Management Group LLC agreed to pay $28.8 million to settle a shareholder lawsuit in which it was accused of misleading investors about violations of U.S. laws against foreign bribery, according to a court filing. The shareholders accused Och-Ziff of concealing violations of foreign bribery laws as it tried to secure capital from the Libyan Investment Authority and in connection with investments it made in the Democratic Republic of Congo. [Extracted from the article]

WikiLeaks added a new set of records to its online database of documents stolen from Sony Pictures Entertainment and made public by hackers. The documents include a list of legal settlements, including a $300,000 payment in March 2014 to a former Sony vice president at the studio's 3D technology center, who said she was discriminated against because of her sex and her race. [Extracted from the article]

BHP Billiton Ltd. ran afoul of anti-bribery laws when it paid for trips to the 2008 Beijing Summer Olympics for government officials from Africa and Asia, U.S. regulators said Wednesday. The agency said BHP failed to train employees on how to evaluate whether the invitations would violate bribery laws. [Extracted from the article]