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Kyodo -Feb 21, 2014 WASHINGTON – A former executive of Japanese auto parts maker Denso Corp. will be jailed in the United States after pleading guilty to obstructing a 2010 investigation of a price-fixing allegation, the U.S. Justice Department said Thursday.
The move was part of the department’s probe of price fixing in the auto parts industry in which it cracked down on 29 people, including the former Denso executive, and 26 companies including Japanese ones.
Kyodo -Feb 21, 2014 WASHINGTON – A former executive of Japanese auto parts maker Denso Corp. will be jailed in the United States after pleading guilty to obstructing a 2010 investigation of a price-fixing allegation, the U.S. Justice Department said Thursday.
The move was part of the department’s probe of price fixing in the auto parts industry in which it cracked down on 29 people, including the former Denso executive, and 26 companies including Japanese ones.
(From the BBC News web site) — Tyre maker Bridgestone has pleaded guilty to price-fixing and agreed to pay a $425m (£255m) fine to the US Department of Justice (DOJ).
According to the charges, Bridgestone participated in raising the prices of anti-vibration rubber parts sold to car manufacturers.
The Administrative Law Judge in the SEC’s long-running case against the Chinese affiliates of the Big Four auditors has issued an order barring the firms from practicing before the SEC for six months. The opinion can be viewed at
http://www.sec.gov/alj/aljdec/2014/id553ce.pdf.
During 2013, there were many developments in Canadian anti-corruption law and enforcement, including new Royal Canadian Mounted Police (RCMP) investigations and charges, CFPOA convictions, legislative amendments and related regulatory initiatives. At the present time, the RCMP advises that it has over 35 CFPOA investigations ongoing. The most significant of this past year’s CFPOA developments are summarized below. …
http://www.mccarthy.ca/article_detail.aspx?id=6591
2013 marked another year of vigorous international anti-corruption enforcement.
http://bit.ly/1dul0CF
Now that Japan has accepted the comply-or-explain principle, the fact that the EU also adopted that principle in 2006, and the manner in which it was done, is quite relevant:
http://bdti.mastertree.jp/f/jo9kqg7u
Based on the results of the inspection of Mizuho Bank Co., Ltd and Mizuho Financial Group, Inc. conducted by the Financial Services Agency (hereinafter referred to as the “FSA”) and the reports submitted by Bank, the FSA today took the following administrative actions against Mizuho Bank Co., Ltd and Mizuho Financial Group, Inc. in order to ensure sound and appropriate business operations.
[ Available at: http://www.fsa.go.jp/en/news/2013/20131226-1.html ]
Excerpt: On January 29, 2014, the Brazilian Clean Companies Act (CCA) will enter into force. The CCA is an aggressive and broadly drafted piece of legislation which represents a firm statement of intent from the Brazilian government to align itself with global trends and tackle corruption head on. Brazil is an important trading partner for many UK companies and the reverse is also true.1 Companies doing business in Brazil should take note of the CCA and ensure that their existing compliance controls and procedures respond appropriately to its particular features.
Excerpt from introduction: Unfortunately, little data is consistently available on the pace of, and trends in, international anti-bribery enforcement, although such information is essential to understanding the extent to which countries are enforcing their anti-bribery statutes and encouraging greater transparency in global business. TRACE publishes the Global Enforcement Report (GER) annually to meet this need.