bribery

Retail Asia11/01/2021

Deutsche Bank will look to avoid U.S. charges of bribery and manipulation of precious metals markets by making a payment totaling nearly $125 million. Almost the entire payout relates to charges against the German lender over its dealings in Saudi Arabia, Abu Dhabi, China, and Italy, according to court papers, with a criminal fine making […]

Retail Asia05/06/2018

China’s supreme court has thrown out the fraud conviction of a retail tycoon in an unusual gesture of official leniency toward entrepreneurs amid a string of high-profile detentions and prosecutions that has rattled the Chinese business world. The Supreme People’s Court ruling Thursday reversed the conviction of Zhang Wenzhong, former chairman of Wumart Stores, who […]

Retail Asia19/02/2018

Lotte Group, parent of the country’s leading travel retailer Lotte Duty Free, is reeling from the shock jailing of its Chairman Shin Dong-bin on 13 February 2018. Following a Seoul Court’s guilty verdict and simultaneous sentencing of 2 1/2 years in jail to Lotte Chairman Shin Dong-bin for bribery, Lotte Group voiced concerns over its future […]

Retail Asia20/06/2016

South Korean prosecutors carried out further raids on businesses of the Lotte Group, a sprawling conglomerate at the centre of a bribery probe. At least 10 divisions were raided including its chemical and confectionery businesses, a spokesman said. The raids come after police swooped on the group’s headquarters on Friday. This caused the company to […]

Retail Asia13/04/2016

Shares in property developer PT Agung Podomoro Land Tbk plunged 10 percent on Monday, after Indonesia’s anti-graft agency launched an investigation that raised concerns that a multi-billion-dollar project could be delayed. Ariesman Widjaja, the firm’s chief executive officer, is suspected of bribing a member of the Jakarta provincial assembly to influence the regulation for a […]

Tag: bribery

Deutsche Bank Strikes a Deal on Bribery

Chinese retail tycoon’s fraud conviction thrown out

Lotte Group Chairman jailed for duty free licence bribery

South Korea prosecutors raid more Lotte Group firms

Bribery probe hammers shares of Indonesian property firm Agung Podomoro