South Africa: RDP housing tender fraud in eThekwini In order to cease complaints and reports of corruption, the eThekwini municipality will stop using section 36 of the Municipal Finance Management Act to award emergency tenders. The municipality has tabled a budget of R35.8 billion for the new financial year, of which R3.7 billion will be … Continue reading Housing tender fraud in eThekwini (RDP / South Africa)
Fraud in the medical schemes industry
South Africa: Fraud in the medical schemes industry Discovery Health’s CEO, Dr Jonathan Broomberg, has estimated that fraud in the medical schemes industry will cost South Africa between R8.22 billion and R43.2 billion. Various types of fraud have been flagged recently, such as “card farming”, in which medical members allowed other non-members to be treated … Continue reading Fraud in the medical schemes industry
Thought of the day: Cost of compliance is relative
As former U.S. Deputy Attorney General Paul McNulty has been quoted as saying at a 2009 FCPA conference: "If you think compliance is expensive, try non-compliance." (Note: Mr. McNulty is not the first to use the juxtaposition of costs in this manner. That honour goes to Derek Bok, also a lawyer and the 25th President … Continue reading Thought of the day: Cost of compliance is relative
“I will be disbarred” — Final bit of Nigeria gas bribery scheme blows up
Natural gas bribery scheme leads to attorney disbarment: FCPA forfeiture of $148+m, 2 years prison, disbarment After being sentenced by a Texas court to 21 months for Foreign Corrupt Practices Act violations committed during his tenure as KBR Inc.'s attorney, 65-year old Jeffrey Tesler, prone to wearing hats, has now been disbarred by a Disciplinary … Continue reading “I will be disbarred” — Final bit of Nigeria gas bribery scheme blows up
Anti-Corruption Enforcers from Commonwealth Countries to Meet in Africa
International agency cooperation at heart of 4th Commonwealth Africa Regional Meeting for Heads of Anti-Corruption Agencies (May 26 – 30) The theme of this year's conference will be one of international cooperation - a trend we see globally as practitioners: enforcement agencies are able to increase exponentially their success rate in uncovering and prosecuting bribery, … Continue reading Anti-Corruption Enforcers from Commonwealth Countries to Meet in Africa
Seminar on public tenders in S. Africa now ongoing: Hyatt Johannesburg
Nortons Inc. is hosting a seminar on all aspects surrounding public tenders. More at https://twitter.com/NortonsInc and below: PUBLIC PROCUREMENT AND TENDER AWARDS: UNLAWFUL AND ILLEGAL PRACTICES ASSOCIATED WITH TENDER PROCESSES 09 MAY 2014 Hyatt Regency Johannesburg 191 Oxford Road, Rosebank, Johannesburg SPEAKERS AND PANEL MEMBERS: Neren Rau (CEO – SACCI) Advocate Glynnis Breytenbach (Former Senior … Continue reading Seminar on public tenders in S. Africa now ongoing: Hyatt Johannesburg
Exploring overlap of anti-corruption & competition laws
ICC FraudNet Spring 2014 conference AAF & AAT editor John Oxenham of Nortons Inc. was an invited speaker on current trends in African anti-corruption and anti-fraud enforcement. See more details on the conference and FraudNet here. The emerging overlap of antitrust and anti-corruption issues - including significant efficiencies from combining preemptive internal audits as well … Continue reading Exploring overlap of anti-corruption & competition laws
East Africa: “Rampant corruption” hinders economic development
Tanzania Private Sector Foundation (TPSF) Chairman warns of injury to economic development, emphasises importance of single standard In a report by Charles Ngereza, the head of the 231-member strong TPSF was quoted as highlighting the importance of ensuring that a single standard must govern corrupt conduct by both domestic and foreign entities and individuals. Speaking … Continue reading East Africa: “Rampant corruption” hinders economic development
Anti-Fraud & Corruption Law in Africa 