Bribery penalties could reach US$132 million, Avon says

Avon’s revenue in China has plunged during the investigation by US authorities. Photo: AP

Avon Products, the world’s largest door-to-door cosmetics seller, said it may have to pay as much as US$132 million to resolve criminal and civil probes into whether it paid bribes in China and other countries.

Friday, 14 February, 2014, 2:54pm

Most fines for bribery don't end up in country where crime took place, report by UN and World Bank says

UBS is among the banks fined for fraud and bribery in a global scandal over the rigging of benchmark interest rates. Photo: Reuters

Penalties in international corruption cases are rarely paid to the country where the crimes took place, the World Bank and United Nations said on Wednesday.

29 Nov 2013 - 4:23am

Australian construction giant Leighton Holdings accused of kickbacks

Leighton Holdings operates in more than 20 countries. Photo: SCMP Pictures

Australian construction giant Leighton Holdings, which operates in more than 20 countries, was at the centre of a corruption scandal Thursday, with allegations of bribery among senior executives.

3 Oct 2013 - 4:33pm

Fire officials put the nation at risk as they rake in bribes

Firefighters are admired but the service is corrupt. Photo: Xinhua

A veteran fire-safety engineer with more than two decades' experience in Wuhan, Hubei, estimates that up to half of the fire-prevention budget for a typical business goes to bribing fire officials at various levels, whose fire safety approval is needed before their doors can be opened to customers.

9 Jun 2013 - 6:34am

F1 mogul Bernie Ecclestone faces bribery charges in Germany

Bernie Ecclestone (right)

Formula One mogul Bernie Ecclestone faces charges in Germany relating to a bribery case, the daily Sueddeutsche Zeitung reported yesterday.

According to the newspaper, the charge sheet is still to be translated into English before being transmitted to Ecclestone and his lawyers.

16 May 2013 - 3:53am

Macau cancels doctors' trip to assess health of bribery defendant Joseph Lau

Joseph Lau Luen-hung. Photo: David Wong

A plan to send Macau doctors to Hong Kong to check on the health of billionaire tycoon Joseph Lau Luen-hung in the wake of his bribery trial no-show has been scuppered. Officials in Macau have ruled that the move is outside their jurisdiction.

12 May 2013 - 11:07am

Macau judge tells Joseph Lau: we will send doctors to check your health

Steven Lo (right), charged alongside Joseph Lau with offering a bribe, at the court in Macau yesterday. Photo: David Wong

Tycoon Steven Lo Kit-sing and Lau are charged with offering a HK$20 million bribe to Macau's former public works chief, Ao Man-long, in 2005. Ao was jailed for 29 years in May last year.

29 Aug 2013 - 4:13am

Failing Chinese student's bribery bid backfires in Britain

Li Yang and the replica pistol he took to the meeting with Graves. Photo: SCMP Pictures

The son of a Chinese government official who tried to bribe a British university professor with £5000 (HK$59,240) to pass his degree dissertation has been jailed for a year. Bristol Crown Court heard Li Yang also took a loaded replica pistol to the meeting in an effort to bribe the University of Bath professor.

25 Apr 2013 - 4:02am 1 comment

Western anti-graft push threatens democracy efforts

Tipsters in China alleged that Microsoft made gifts to officials in return for software contracts. Photo: AP

The efforts of some Western countries to enforce their own anti-bribery laws in China are more likely to produce false accusations and hinder democratic reform than reduce corruption.

4 Apr 2013 - 3:17am 2 comments

Home of Indian ex-air force chief Tyagi raided in Finmeccanica probe

Former Indian air force chief Shashi Tyagi. Photo: AP

Detectives raided the home of India’s former air force chief on Wednesday as part of an investigation into alleged bribes paid to secure a US$748 million contract for 12 Italian helicopters.

Central Bureau of Investigation (CBI) spokeswoman Dharini Mishra said former air chief marshal SP Tyagi’s home was among more than a dozen addresses targeted in the raids.

13 Mar 2013 - 4:38pm

Outgoing South Korean president pardons former aides

Lee Myung-bak. Photo: AP

The pardons for 55 people included Lee's long-time confidante and former minister Choi See-joong and friend and businessman Chun Shin-il - both serving prison terms for bribery. Former parliamentary speaker Park Hee-tae and an ex-senior political affairs aide to Lee were also pardoned. Both were convicted last year for their roles in a vote-buying scandal in Lee's ruling conservative party.



30 Jan 2013 - 3:06am

Beijing bribery cases up in 2012

Wang Qishan. Photo: Xinhua

Zhang Guoying, director of the anti-corruption office of the Beijing Municipal Procuratorate, told the Beijing People's Congress yesterday that municipal prosecutors had handed 1,883 graft cases involving 2,238 officials to legal authorities over the past five years, with 115 defendants being bureau-level officials, the Legal Evening News reported.

27 Jan 2013 - 5:33am

China Digest, January 21, 2013

A former village party secretary in Miyun county has been charged with taking more than 4.65 million yuan (HK$5.74 million) in bribes, the Beijing Times reports.

21 Jan 2013 - 5:32am

Foxconn shares hit by bribery claims

Shares of Foxconn Technology Group, a main manufacturing contractor for Apple products like the iPhone, fell 1.6 per cent yesterday after the firm said some of its employees accepted bribes from suppliers and were under investigation by authorities.

11 Jan 2013 - 3:56am

Mainland probe into Foxconn bribe claims

Mainland probe into Foxconn bribe claims

Foxconn Technology said mainland authorities were investigating allegations that at least one of its executives accepted bribes from suppliers.

10 Jan 2013 - 4:21am