Sox First (Free subscription) | 04/29/2008
Call it the Sarbanes-Oxley effect. With Westinghouse Air Brake Technologies Corporation, Flowserve Corporation and AB Volvo coming to grief over the Foreign Corrupt Practices Act - that's three FCPA actions in the first months of 2008 - lawyers are predicting another record year is in store for FCPA enforcement. And just as Sarbanes-Oxley turned into a goldmine for accountants, the FCPA has turned...
White Collar Crime Prof Blog (Free subscription) | 02/18/2008
A DOJ press release tells of their recent "agreement with Westinghouse Air Brake Technologies Corporation (Wabtec) regarding improper payments to government officials in India in violation of the Foreign Corrupt Practices Act." The release states that "[t]he agreement requires that...
Sify (Free subscription) | 02/15/2008
The US Justice Department said on Thursday it had penalized Westinghouse Air Brake Technologies Corporation for "improper" payments made to officials at the Indian Railway Board.
News: Moldova.org: Politics (Free subscription) | 02/15/2008
Westinghouse Air Brake Technologies Corp. has agreed to pay $300,000 for alleged bribes to foreign officials, U.S. authorities said Thursday.The U.S. Department of Justice alleges that the company known as Wabtec violated the Foreign Corrupt Practices Act by making improper payments to government officials in India.Pioneer Friction Limited, one of the company's subsidiaries based in Calcutta, India,...
