World Bank Studying Asset Recovery In Foreign Bribery Cases |
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July 6, 2011
Since 2010, the Justice Department has recorded $1.5 billion in criminal fines in foreign bribery cases. Companies from Alcatel-Lucent SA to Johnson & Johnson Co. have ponied up, with the money streaming into the U.S. Treasury.
Since 2010, the Justice Department has recorded $1.5 billion in criminal fines in foreign bribery cases. Companies from Alcatel-Lucent SA to Johnson & Johnson Co. have ponied up, with the money streaming into the U.S. Treasury. The foreign governments whose officials allegedly accepted bribes from the companies, in return for contracts or some other business advantage, haven’t seen a cent. The question is, should they? The World Bank has begun studying the issue, and bank officials said they expect to release a report next June, when anti-corruption officials from around the world meet.
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