The Japanese corporation agreed to pay USD 88 million after admitting having bribed Indonesian officials. (Photo Credit: Виталий Смолыгин)
(UNITED STATES, 3/21/2014)
Japanese trading company Marubeni Corp agreed to pay USD 88 million for having bribed Indonesia officials for power project.
The US Justice Department reported that the firm has pleaded guilty to eight criminal charges in federal court in Connecticut, consisting of violations of the Foreign Corrupt Practices Act, which prohibits businesses for paying off government officials, Reuters informed.
"The company refused to play by the rules, then refused to cooperate with the government's investigation," said Acting Assistant Attorney General Mythili Raman of the Justice Department's Criminal Division. "Now Marubeni faces the consequences for its crooked business practices in Indonesia."
The agency also remarked that the Chiyoda-Ku, Japan-based commodity-trading firm has agreed to implement an enhanced global anti-corruption compliance prog...
Improved biodiesel from fish and cooking oil Spain
Researchers from Granada (Spain) and Campina (Brazil) Universities succeeded in developing a new type of biodiesel that is more resistant to oxidation from mixing fish oil with cooking oil.