Remove 2014 Remove Accountability Remove Corruption
article thumbnail

Telecommunications Giant Telefónica Venezolana Agrees to $85 Million FCPA Settlement

Whistleblower Network News

agreed to pay $85 million to settle charges that the company violated the Foreign Corrupt Practices Act (FCPA) by engaging in a bribery scheme in Venezuela. According to the DOJ, “in 2014, Telefónica Venezolana participated in a government-sponsored currency auction in Venezuela that allowed it to exchange its Venezuelan bolivars for U.S.

article thumbnail

What we’re getting wrong about accountability and citizen empowerment

Open Contracting Partnership

David is the founder of reAcción , a grassroots anti-corruption civil society organization that empowers young people in Paraguay to fight for government transparency and social accountability. I work in anti-corruption, leading an organization that focuses on the education sector in Paraguay.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

SEC Sanctions Global Software Company SAP $100 Million for FCPA Violations

Whistleblower Network News

Securities and Exchange Commission (SEC) announced a $100 million settlement with global software company SAP SE over charges of violations of the Foreign Corrupt Practices Act (FCPA). anti-corruption law that prohibits the payment of anything of value to foreign government officials in order to obtain a business advantage.

article thumbnail

Thanks to Qui Tam Whistleblower, Physician Pays $1.8 Million in False Claims Act Case

Whistleblower Network News

Not only was the whistleblowers’ information key for resolving alleged misuse of Medicare Part B between 2014 and 2017, but they also assisted the settlement of “false claims to Medicare by billing for diagnostic imaging procedures” from 2014 to 2021. These acts went against the Stark Law, or the Physician Self-Referral Law.

article thumbnail

Updating the UNCITRAL Model Procurement Law for “Green Procurement”

Public Procurement Intl

These and other constraints under the model law are commendable anti-corruption measures, but may make it more difficult to accommodate emerging “green procurement” approaches. Both the European Union ( Directive 2014/24/EU , Art. Article 8, for example, warns the procuring agency, “when first soliciting the participation of.

article thumbnail

EcuadorTLC II: A Shift in Investment Arbitration through the ‘Own Acts’ Doctrine

Kluwer Arbitration

Ecuador) in 2014. For the Tribunal, Ecuador’s conduct – not only in the May 2018 ‘Settlement Agreement’ but also in its actions following the signing of the contracts and the 2014 arbitration – took place within this ‘circle of interests’ shared by the opposing parties. 3E0.2022.0079.01) at Ghent University.

article thumbnail

Interpreting Investment Treaties in Good Faith: Whose Good Faith?

Kluwer Arbitration

The Crimean Cases After Russia took control of Crimea in 2014, a number of Ukrainian nationals started arbitral proceedings against Russia under the Russia-Ukraine BIT, seeking compensation for alleged losses incurred in relation to investments made in the region.