Displaying items by tag: Bribery

Australia and New Zealand face a potential spike in bribery and corruption across the Asia Pacific region in the wake of COVID-19, according to a new report by one global professional services firm.

Software giant Microsoft has paid US$25 million to the US Government to settle investigations into bribery by its Hungarian operations, with the company entering into a non-prosecution agreement with the US Department of Justice and a cease-and-desist order with the Securities and Exchange Commission.

The US Department of Justice and the Securities and Exchange Commission have launched an investigation into Microsoft over possible bribery and corruption in connection with software sales in Hungary.

A survey has found that more than a quarter of Australian employees (27%) believe it is common practice in their industry or sector to use bribery to win contracts while 31% believe Australian companies often report financial performance as being “better than it is”.

Samsung Group heir Lee Jae-yong has told the Seoul Central District Court that he is innocent of bribery and other criminal charges levelled against him by special prosecutors, at his first court hearing on Thursday.

Special prosecutors in South Korea are renewing their efforts to obtain an arrest warrant for the defacto leader of the Samsung Group on alleged bribery charges in an influence-peddling scandal.

A former Romanian minister and three others, who were jailed in March for embezzling the discount offered by Microsoft for software provided to schools, have had their appeals dismissed and their fines and jail terms increased.

Former Commonwealth Bank (CBA) IT executive Keith Hunter has pleaded guilty to bribery/kickbacks in a case that has two sides to it – did CBA get the best outcome and just how much does this represent a tip of the iceberg culture?

A former Romanian minister and three others have been jailed for embezzling the discount offered by Microsoft for software provided to schools.

The latest chapter of an ongoing scandal involving two senior IT executives at CBA, who have been charged by NSW police for alleged bribery, services giant CSC, and a US entrepreneur that sold his cloud services company to CSC, has seen US not-for-profit ACE Foundation launch a lawsuit against CBA seeking the return of US$2.53 million paid to the CBA executives.