Top 10 International Anti-Corruption Developments For May 2021 | Morrison & Foerster LLP jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
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In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important international anti-corruption developments from the past month, with links to primary resources. This month we ask: Which company resolved foreign bribery charges in the United Kingdom? What did the former CEO of a New York Stock Exchange listed company plead guilty to in a New York federal court? What are the latest developments in the investigations of alleged corruption at the national oil companies in Ecuador and Venezuela? The answers to these questions and more are here in our April 2021 Top 10 list.
An ex-Venezuelan oil company exec received a reduced sentence for his role in a $1B money laundering scheme that allegedly involved South Florida real estate.
Sentencian ex-funcionario venezolano de PDVSA por recibir sobornos elviajero.com.do - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from elviajero.com.do Daily Mail and Mail on Sunday newspapers.
Ex-Venezuelan official who helped feds in huge corruption case gets two years in prison Jay Weaver, The Miami Herald
May 6 A former top financial officer in Venezuela s state-owned oil company was sentenced to two years and four months in prison Wednesday after admitting that he played a supporting role in allowing wealthy Venezuelan kleptocrats to make loans to the government entity that yielded fortunes for them.
Abraham Edgardo Ortega, the former executive director of financial planning at Petroleos de Venezuela, S.A. (PDVSA), admitted he accepted more than $12 million in bribes that were secretly wired to U.S. and other financial institutions. Ortega, who was facing about five years in prison, was given a significant sentence reduction by U.S. District Judge Kathleen Williams because he was the first Venezuelan official to cooperate with federal authorities in a massive $1.2 billion money-laundering conspiracy case.