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CORRUPTION NEWS

FCPA successes still few and far between in SA

South Africa is one of numerous countries listed on an interactive online map of cases brought against and penalties paid by companies in Foreign Corrupt Practices Act (FCPA) cases. The FCPA is a US law that prohibits companies from securing or retaining business abroad by means of bribery. The map, titled Where the Bribes Are, Read more >

OPINIONS

SA reputation tarnished by “brazen” Hitachi bribe

By Martin Kenney First published on Biznews.com The story of how electronics giant Hitachi bought political influence in order to win a $5.6-billion power station contract, calls into question not only the integrity of a massive company with a global reputation, but also the very integrity of the South African government. Moreover, a $19-million fine Read more >

CORRUPTION NEWS

Hitachi: a settlement payment is not enough

Global electronics corporation Hitachi’s settlement fine of $19-million for charges brought by the US Securities and Exchange Commission (SEC) against the company for violating the Foreign Corrupt Practices Act (FCPA) is not enough of a sanction. The Japanese multinational company has a diverse footprint in over 40 countries and boasts growing profit margins year on Read more >