Former banker extradited from Malaysia for conspiring to launder billions of dollars from development fund and bribes to officials

Ng Chong Hwa, known as “Roger Ng,” a citizen of Malaysia, has been extradited to the United States from Malaysia to face charges of conspiring to launder billions of dollars embezzled from 1Malaysia Development Berhad (1MDB), Malaysia’s investment development fund, conspiring to violate the Foreign Corrupt Practices Act (FCPA) by paying bribes...

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Former GE Engineer and Chinese businessman charged with economic espionage and theft of GE turbine technology for China

Xiaoqing Zheng, 56, of Niskayuna, New York, and Zhaoxi Zhang, 47, of Liaoning Province, China, has been charged with economic espionage and conspiring to steal General Electric’s (GE’s) trade secrets surrounding turbine technologies, knowing and intending that those stolen trade secrets would be used to benefit the People’s Republic of China.  Assistant...

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products in warehouse

Network Security maker Fortinet pays $545,000 ending Feds suit for selling Chinese made equipment to U.S. breaching Trade Agreement Act

A company responsible for network security, based in the Sunnyvale area of San Francisco, was accused of breaking a trade agreement by selling Chinese-made equipment. The company, Fortinet Inc., agreed to pay more than a half million dollars in order to settle these allegations without further action.

The allegations...

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oil refinery

London-Based Oil and Gas Service Company, TechnipFMC, Reserves $280 Million in Global Settlement Funds Potentially Needed for Bribery-Related Offenses in US, Brazil, and France

In a U.S. Securities and Exchange Commission filing, the company, TechnipFMC plc, stated that they have set aside $280 million in possible settlement funds involving bribery-related offenses. The payment would be delivered to authorities in the United States as well as Brazil and France.

TechnipFMC plc is a company...

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