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PETALING JAYA: An alarmingly high percentage of Malaysian businesses, including a significant number of listed companies on Bursa Malaysia, see bribery and corruption as an “inevitable cost of doing business”, a survey by KPMG Malaysia revealed.
WASHINGTON, July 25 (Reuters) - A U.S. judge on Thursday said he had approved IBM's 2011 settlement with U.S. regulators over charges of foreign bribery after prolonged consideration of whether regulators should have more aggressively investigated the case.
LONDON: GlaxoSmithKline's drug sales in China slumped 61 percent in the third quarter, hit by a bribery scandal that has damaged its ability to market products in the country and pushed some sales into the hands of rivals.
IN May last year, I wrote an article titled i>How not to win a corruption pageant/i>. In this article, I discussed the issue of bribery and corruption generally and made reference to the US Foreign Corrupt Practices Act (FCPA), the Australian Bribery of Foreign Public Officials legislation and the 'soon-to-be-passed UK Bribery Act'.
LONDON: GlaxoSmithKline on Sunday confirmed the existence of an intimate video recording of its former China head, Mark Reilly, which the Sunday Times reported kicked off a bribery investigation that has damaged the drugmaker's business in China.
BEIJING: China must crack down on commercial bribery by multinational firms, the country's top state paper said on Wednesday, two days after police accused British drugmaker GlaxoSmithKline of the widespread bribery of Chinese officials and doctors.
MUMBAI: Nearly 10 months after India’s unprecedented ban on high value notes that was designed to tackle entrenched corruption, bribery continues to oil the wheels of business in Asia’s third-largest economy, according to a US risk management firm that advises foreign investors.
SEOUL: The billionaire head of South Korea’s Samsung Group, Jay Y. Lee, was jailed for five years for bribery on Friday after a six-month trial over a scandal that brought down the president.