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Business 29 Dec 2010 | 12:00 AM

Alcatel agrees to settle bribery case

WASHINGTON: Alcatel Lucent SA has agreed to pay more than US$137mil to settle US charges that it paid millions of dollars in bribes to foreign officials to win business in Latin America and Asia, US authorities said on Monday.

Business 30 Dec 2010 | 12:00 AM

Minister asks TM to explain kickback allegations

PETALING JAYA: The Government views the allegations of kickbacks of US$700,000 paid to Malaysians by Alcatel Lucent SA for it to win a US$85mil telecoms contract between 2004 and 2006 very seriously and Information, Communications and Culture Minister Datuk Seri Dr Rais Yatim wants the Malaysian Anti- Corruption Commission (MACC) to investigate the matter.

Business 31 Dec 2010 | 12:00 AM

Clean up the house for the New Year

Hiding bad news may not be such a good idea but bracing up to it requires a lot of courage. We have seen some successes this year in the fight to prevent corruption. Let us hope there will be a marked reduction in crime and corruption in 2011.

Business 31 Dec 2010 | 12:00 AM

TM’s move to probe corruption allegations lauded

ETALING JAYA: Telekom Malaysia Bhd's (TM) move to set up a task force to investigate the alleged improper payments from Alcatel-Lucent SA to its staff is a step in the right direction towards better corporate governance, according to analysts.

Business 06 Jan 2011 | 12:00 AM

Banker arrested over alleged $50 million F1-bribe

BERLIN: A former German bank executive has been arrested for allegedly accepting a $50 million kickback in the 2006 sale of a large stake in the Formula One's rights holding company, German prosecutors said.

Business 21 Jan 2011 | 12:00 AM

Firms could get caught in Asia as corruption rules tighten

SINGAPORE: Multinational companies trying to get a bigger piece of the Asia growth story face a rising risk of becoming embroiled in corruption scandals unless they enforce stricter compliance norms and new regulations.

Business 03 Feb 2011 | 12:00 AM

TM: KPMG to continue probe into Alcatel issue

PETALING JAYA: Telekom Malaysia Bhd (TM) said KPMG Corporate Services Sdn Bhd will continue investigations and a forensic audit to identify TM employees who took bribes from Alcatel Lucent SA's unit to help Alcatel Lucent secure a contract.

Business 02 Mar 2011 | 12:00 AM

TM: KPMG probe on graft over

PETALING JAYA: Telekom Malaysia Bhd (TM) says KPMG Corporate Services Sdn Bhd has concluded the internal investigation to identify TM employees who previously took bribes from Alcatel Lucent SA and submitted the report to the Malaysian Anti-Corruption Commis-sion (MACC) yesterday.

Business 19 Mar 2011 | 12:00 AM

SEC sues IBM over alleged bribes

SAN FRANCISCO: IBM Corp. has agreed to pay US$10 million to settle allegations that it bribed South Korean and Chinese government officials for more than a decade to win contracts.

Business 25 Mar 2011 | 12:00 AM

Can we prevent another international bribery scandal?

ALCATEL-LUCENT has been blacklisted for 12 months.