Free Republic
Browse · Search
Topics · Post Article

Skip to comments.

1977 anti-bribery law put businesses at ‘competitive disadvantage’
The Daily Caller ^ | 3/21/12 | Betsi Fores

Posted on 03/21/2012 4:22:34 PM PDT by ruralvoter

The Department of Justice has recently begun enforcing a once-obscure anti-bribery law that makes it illegal for multinational corporations to engage in bribery with foreign governments, drawing criticism over the “very aggressive” approach to the law.

The of 1977 (FCPA) has been rarely enforced over the last 35 years. But, currently, 78 companies are under investigation by the Department of Justice, including well-known companies like Avon, Goldman Sachs, Hewlett-Packard, Pfizer and Wal-Mart Stores (SNIP) Recently however, there has been a sharp increase in cases. In the last four years, “a total of 58 companies have paid a combined $3.74 billion to settle such corruption charges. Since 2009, some 67 people have been charged, 20 are still awaiting trial or are at large, and 42 have been convicted, some from charges prior to 2009.”

(Excerpt) Read more at ...

TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: bribe; business; doj; union
Yet another avenue for corporate shakedowns to accomplish social justice in the workplace.
1 posted on 03/21/2012 4:22:43 PM PDT by ruralvoter
[ Post Reply | Private Reply | View Replies]

To: ruralvoter
Forced Unionization in the Public AND Private Sector do the same thing.....I'm sure Holder will be all over that shakedown scheme, too.


2 posted on 03/21/2012 5:14:14 PM PDT by traditional1 (Don't gotsta worry 'bout no mo'gage, don't gotsta worry 'bout no gas; Obama gonna take care o' me!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: All


3 posted on 03/21/2012 6:17:33 PM PDT by Signalman
[ Post Reply | Private Reply | To 2 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794 is powered by software copyright 2000-2008 John Robinson