CBI makes two more arrests in Rs 25 lakh Paradip port bribery case: Reports

The Central Bureau of Investigation (CBI) has arrested two more persons in connection with the Rs 25 lakh Paradip Port Trust (PPT) bribery case, sources said on Saturday. The CBI had arrested PPT chief mechanical engineer Saroj Kumar Das and three others on Friday after conducting raids at several places in the … Read more

ED takes custody of jailed IAS officer K Rajesh in an alleged bribery case

The Enforcement Directorate (ED) on Friday took custody of suspended Gujarat-cadre IAS officer K Rajesh who was earlier arrested by the Central Bureau of Investigation (CBI) in an alleged bribery case. While the ED did not issue any statement, a senior official of the Sabarmati Central Prison here, where Rajesh was lodged, … Read more

CBI arrests agriculture ministry officer Padam Singh, 3 others for bribery

The Central Bureau of Investigation (CBI) on Saturday said that they have arrested an officer in the Union agriculture ministry along with three private persons in a bribery case. A Plant Protection Officer, identified as Padam Singh, in the Directorate of Plant Protection, Quarantine & Storage Department, Ministry of … Read more

Delhi LG nod to ACB probe against former CMO deputy secretary for bribery

Delhi Lt Governor V K Saxena has given his nod to an Anti Corruption Branch-probe into alleged charges of bribery against an officer earlier posted as deputy secretary in the chief minister’s office, official sources said on Saturday. The officer was accused of seeking “monetary benefits” and also “harassing” … Read more

CBI arrests IAS officer K Rajesh in bribery case related to arms licenses

The CBI on Wednesday arrested Gujarat cadre IAS officer K Rajesh for alleged bribery in sanctioning weapon licenses to ineligible people, officials said. Rajesh, a 2011 batch IAS officer, was called to the Central Bureau of Investigation (CBI) office in Ahmedabad for questioning, but he did not co-operate and … Read more

CBI books Tata Projects, arrests 5 company executives in bribery probe

The Central Bureau of Investigation (CBI) has filed a criminal case against Tata Projects and arrested its five executives and one government official belonging to Power Grid Corporation over illegal gratification charges. The probe relates to the power system improvement project in the north-eastern region. The accused were produced on Thursday in … Read more

Steel pipe maker Tenaris pays $78.1M to resolve US bribery probes

(Reuters) — Tenaris SA, a global manufacturer of steel pipes, said on Thursday it will pay $78.1 million to resolve U.S. probes into its alleged payment of bribes to win business from Brazil’s state-owned oil company Petrobras. The Luxembourg-based company will pay a $25 million civil fine plus $53.1 million in disgorgement and interest to … Read more

‘Bribery built into the corporate culture’: can Glencore rescue its reputation?

The use of code names for bribes including “newspapers”, “filings” and “chocolates” might seem like the stuff of fiction — but for Glencore’s oil trading unit it was normal business practice for more than a decade, prosecutors revealed this week. Cash payments, sham consulting agreements and inflated invoices were all used by traders at the … Read more

Mining Company Glencore to Pay Up to $1.5B to Settle U.S., UK, Brazil Bribery Probes

Glencore Plc said on Tuesday it anticipates paying up to $1.5 billion to settle accusations of bribery and market manipulation, as authorities in the United States, Britain and Brazil announced that three of the company’s subsidiaries were pleading guilty to crimes. The miner and commodity trading giant agreed to pay more than $1 billion in … Read more

Glencore to plead guilty to bribery charges and pay $1.5bn penalty

Glencore will plead guilty to multiple counts of bribery and agree to pay a $1.5bn penalty following US and UK investigations that uncovered corruption at one of the world’s largest commodity traders. The UK Serious Fraud Office on Tuesday charged the group’s subsidiary Glencore Energy UK with seven cases of profit-driven bribery and corruption in … Read more