JPMorgan Chase to Pay $264 Million in Fines for Bribing Foreign Officials by Hiring Their Friends and Family

JPMorgan Chase to Pay $264 Million in Fines for Bribing Foreign Officials by Hiring Their Friends and Family

JPMorgan Chase hired hundreds of friends and relatives of potential clients in order to win business in China, an international bribery scheme, federal officials said Thursday, that netted the Wall Street bank more than $100 million.

Read More

China Passes First Film Law Against Box Office Fraud

China Passes First Film Law Against Box Office Fraud

China today passed its first film law which promises harsh punishment for firms fabricating box office earnings amid widespread allegations that Chinese film industry is falsifying records in a bid to catch up with Hollywood in terms of revenues. 

Read More

Chinese Official Who Hoarded Cash Convicted of Corruption

Chinese Official Who Hoarded Cash Convicted of Corruption

A former senior Chinese energy official found to have more than 200 million yuan ($29.99 million) in cash at his home has been given a suspended death penalty after being found guilty of corruption, state news agency Xinhua said on Monday.

Read More

Former Hong Kong Leader Donald Tsang Faces Extra Bribery Charge Over Shenzhen Penthouse

Former Hong Kong Leader Donald Tsang Faces Extra Bribery Charge Over Shenzhen Penthouse

A year after his first court appearance, former Hong Kong leader Donald Tsang Yam-kuen on Tuesday was slapped with a third charge over renting a three-story penthouse in Shenzhen that he failed to disclose when he was chief executive.

Read More