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Companies can be turned inside out if a junior employee bribes someone on the other side of the world.
A former Labour cabinet minister has alerted attention to the US Foreign Corrupt Practices Act, which makes an American company (News Corp) liable for colossal fines if any employee bribes a foreign official (the Met police) even if no one at head office knew.
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A rogue trader or an employee bribing a local official may produce some short-term profits for the firm, but over time such actions will diminish the company's value.
He was eventually found to have taken kickbacks from employees, bribes from lobbyists — and more than $200,000 in coins.
The World Bank blacklisted Satyam in late December, suggesting it had offered bank employees bribes (or "improper benefits").
Like Wal-Mart, Tyson employees bribed Mexican officials.
According to the indictment, Mr. Kleinman's employees bribed employees at client companies into buying maintenance supplies at inflated prices.
China's announcement suggests that prosecutors are not pressing forward with accusations that the Rio Tinto employees bribed industry officials, something that was said earlier and repeated in articles in the state-run media.
The Chinese wind turbine company Sinovel was recently fined $1.5 million, for example, because it stopping paying on its $700 million deal to use American Superconductor (AMSC) software after two of its employees bribed an AMSC worker for stolen source code.
"It appears that rank corruption existed for years, if not decades, as former city employees passed bribes to current employees".
The authorities said city employees took bribes to hand out taxi permits to illegal immigrants and to overlook automobile safety violations.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com