Search results for: Corruption

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A list of search results

  • 29 January 2015

    The SEC has terminated its investigation into Cobalt’s alleged involvement in a bribery case in Angola.

  • 6 February 2015
    Business & Finance

    An inspection by China’s central government anti-corruption team found that the state-backed shipbuilding giant China State Shipbuilding Corporation (CSSC) has been involved in corruption activities, according to the Central Commission for Discipline Inspection. The corruption activities have been uncovered in the procurement department of CSSC, involving the shipbuilding company’s senior officials. Most of the illegal […]

  • 7 July 2014
    Business & Finance

      Wilhelmsen Ships Service (WSS) has become a full member of the Maritime Anti-Corruption Network (MACN) and will be joining the campaign to eliminate corruption across the maritime industry, together with the Wilh. Wilhelmsen group.   Speaking as the membership was announced, Bjørge Grimholt, WSS President said: “Membership of a global body such as MACN […]

  • 2 March 2015
    Business & Finance

    China’s central government’s anti-corruption team has launched an investigation into the operation of China Shipbuilding Industry Corporation (CSIC). The probe, set to last for the next couple of months, forms part of a state-backed anti-corruption campaign that has swept through major companies in China, including China State Shipbuilding Corporation (CSSC) and China Shipping Group. Li Changyin, […]

  • 15 April 2019
    Business & Finance

    IMO included an anti-corruption agenda in its work programme for the Facilitation Committee.

  • 10 December 2015
    Business & Finance

    The Danish shipowner Maersk Line and the Sweden-based World Maritime University (WMU) have joined forces in a higher education project on corruption awareness known as CORA. The corruption awareness project is co-funded by the A.P. Moller Support Fund and Maersk Line. As part of the CORA project, WMU will design, test, and deliver a Master’s level […]

  • 22 December 2014
    Business & Finance

    Shanghai No.1 Intermediate People’s Court found Mao Shijia, former general manager of China Shipping Tanker Company, a subsidiary of China Shipping Development, guilty of corruption and sentenced him to six years in prison. The court also sentenced Liu Houping, former assitant general manager at China Shipping Tanker Company, to three years and six months in jail […]

  • 30 December 2014
    Business & Finance

    The State Courts of Singapore charged See Leong Teck, the former president of shipbuilder Singapore Technologies Marine (ST Marine), with seven counts of corruption under the Prevention of Corruption Act.  On September 12, 2011, Singapore Technologies Engineering Ltd announced that the Corrupt Practices Investigation Bureau (CPIB) was investigating certain transactions involving former and current employees of ST Marine. Apart […]

  • 18 September 2013

    The General Party Branch of Afai Southern shipyard carried out the education month activity, launched this month, with a focus on work without corruption. The activity combined practical activities of mass line education, focusing on probity talk, work style construction as well as supervision and inspection, aimed at accepting mass’s supervision, thus strengthening work without […]

  • 4 July 2018
    Exploration & Production

    Brazil’s Petrobras will challenge an arbitration decision administered by the International Centre for Dispute Resolution this week obliging the company to pay $622 million in damages to Vantage Drilling.

  • 26 October 2010

    The inaugural function of the Vigilance Awareness Week was held at Corporate Headquarters of DCI, Visakhapatnam today. Shri J. Purnachandra Rao, IPS, Commissioner of Police, Visakhapatnam was the Chief Guest at the function. Shri P.M.Mohan, IPS, CVO, VPT also attended the same as the Guest of Honour. Shri S. Vasudeva Rao, Chief Vigilance Officer, DCI, […]

  • 9 May 2019
    Rules & Regulation

    Britannia will provide the network with input from an insurance sector perspective.

  • 25 November 2015
    Business & Finance

    International shipping association BIMCO has launched an anti-corruption clause for shipping contracts worldwide. According to the association, the new clause will give owners and charterers a contractual platform for cooperative action to resist demands for illegal payments from port officials and others. “BIMCO recognises the importance of a united approach by the shipping industry towards […]

  • 25 November 2015

    Brazilian police arrested the ruling party’s leader in the Senate and the chief executive of Latin America’s biggest investment bank on Wednesday on suspicion of obstructing an investigation into corruption at state-run oil company Petrobras.

  • 20 December 2017

    Eni and Shell will stand trial over a corruption charge related to alleged offenses over the acquisition of the Oil Prospecting Licence (OPL) 245 in Nigeria in 2011. Eni said on Wednesday that the preliminary hearing judge at the court of Milan made a decision to “send the company, its chief executive and a number […]

  • 2 November 2010

    The valedictory function of the Vigilance Awareness Period 2010 was held at Corporate Headquarters of DCI, Visakhapatnam today. Mr. G. Nageswara Rao, IPS, DIG, CBI, Visakhapatnam was the Chief Guest at the function. Prof. K. Ravi, faculty of Public Administration, Andhra University attended the same as the Guest of Honour. Mr.S. Vasudeva Rao, IPS, Chief […]

  • 16 May 2016

    Unaoil, a Monaco-based oil services company involved in a global bribery scandal implicating energy industry majors like Halliburton, National Oilwell Varco, Keppel and Kvaerner, has said it has been ‘the victim of a four-month extortion attempt by criminals’. To remind, The Huffington Post and its Australian partner, Fairfax Media, in April revealed results of a six-month investigation of […]

  • 25 December 2017
    Business & Finance

    Keppel Offshore & Marine (KOM) has agreed to pay a penalty of more than USD 422 million to resolve bribery charges.

  • 29 October 2013
    Business & Finance

    While speaking at the inaugural function of Vigilance Awareness Week-2013 held by Dredging Corporation of India Limited (DCI) yesterday, the Police Commissioner, Mr. B. Shivadhar Reddy, IPS, has called for a moral introspection among political and administrative leaders on more effective ways of containing pervasive corruption in society. Even while the laws on various forms […]

  • 27 July 2018
    Business & Finance

    Danish Shipping: An anti-corruption project for ports has been completed in Nigeria with positive outcomes.

  • 20 June 2019
    Business & Finance

    MACN partnered up with MOFA to develop the Global Port Integrity Index and scale up activities in West Africa.

  • 1 April 2016

    Norwegian engineering and construction services company Kvaerner is reportedly involved in a major international oil industry corruption scandal including Monaco-based company Unaoil.  The Huffington Post and its Australian partner, Fairfax Media, on Wednesday revealed results of a six-month investigation of Monaco-based family-owned company Unaoil implicating big multinational oil companies and politicians in a global web of bribery in […]