October 2011 | The Anticorruption Blog

Bribery Charges Dismissed Against Former Schnitzer Steel Executive

By Gabriel Colwell on October 19th, 2011 Posted in China, Foreign Corrupt Practices Act, South Korea

On October 14, 2011, the DOJ dismissed bribery charges against Si Chan Wooh, the former Executive Vice President and head of Schnitzer Steel Industries, Inc.’s (“Schnitzer Steel”) Tacoma, Washington based subsidiary SSI International which oversaw Schnitzer Steel’s South Korean subsidiary, SSI Korea. Back in 2007, Wooh previously entered into a cooperation agreement with the DOJ… Continue Reading

SEC Issues FCPA Cease and Desist Order as to Watts Water Technologies, General Manager of Chinese Subsidiary

By Daniel Matzkin on October 18th, 2011 Posted in China, China enforcement actions, Foreign Corrupt Practices Act

The Securities and Exchange Commission (“SEC”) has issued an administrative cease and desist order as to Watts Water Technologies, Inc. (“Watts”), a water valve designer and retailer, and Leesen Chang (“Chang”), former general manager of Watts Valve Changsha Co., a wholly-owned Chinese subsidiary of Watts. Conduct Between 2006 and 2009, Chang, on behalf of Watts’s… Continue Reading

Corruption-Fighting Ethos

By Manmohan Singh Panesar on October 4th, 2011 Posted in India

Having generated much controversy and triggered furious hunger strikes, The National reports that a revised Lokpal Bill is likely to be introduced into the Indian Parliament in November. Dr Veerappa Moily, the Union Minister for Corporate Affairs, took the opportunity to address the Indian Business Professional Council in Dubai and, whilst conceding that there was a… Continue Reading