Whole Network Accounting Compliance Ethics executive pay SOX strategy

 

Zeroing in on BAE

Filed in archive corporate crime by leon on May 22, 2008

radar.jpg


The US Department of Justice is flexing its muscles with the unexpected detention of BAE chief executive Mike Turner and another executive at George Bush International Airport. The DOJ is investigation BAE for alleged corruption and if found guilty, the company could be forced to repay billions of dollars in profit secured through corrupt activity. More details of Mike Turner's surprise party in The Independent.

Joshua Hochberg, the former chief of the DOJ's fraud section has told The Times that Turner is likely to be dragged before a grand jurylinks. As Evening Standard columnist Simon English says, these DOJ operatives are an extraordinary breed. "These guys do a few years crushing whatever comes into their path, before they either join Wall Street or run for election. A string of top fraud convictions against big business people is almost a required part of the CV for lawyers-turned-politicians, a nod to the public that they are on their side."

Earlier this month, I did a blog entry looking at how the arms traders was pledging to become more ethical. But clearly, the DOJ will not let it to pretend that the bribes didn't happen.







Permalink: Zeroing in on BAE
Tags: BAE  bribery  Mike  Turner  Department  of  Justice  2007  conrad+black 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/124279

Related Entries:

The U.S. Department of Justice wants YOU - 28 April 2006

Siemens woes get worse - 13 February 2007

Monster BAE profits - 09 August 2007

Alcatel pays fine to settle bribery claim - 27 December 2007





RSSrss   | See all blog subscribe options
Google google   |   What is RSS?
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
Newsletter
Grouptivity

Use the search to look for other interesting posts



 
  • Advertise with us

  • Learn more about our advertising options or email advertising - at - creative-weblogging.com or give us a call at +1 (650) 331 4900.




  • Other blogs in the same channel in the Creative Weblogging Network







 

Tagcloud: Accounting boards of directors Compliance corporate crime corporate governance corporate reputation Ethics events executive pay litigation markets regulators risk shareholder activism SOX Sponsored Blog strategy