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Televisa shareholders take legal action - Mazda, Suzuki, Yamaha Motor apologize for improper vehicle tests - UK surgeon alleged corruption at UK HealthCare. Judge rules he’s no whistleblower. - And More
8/9/2018 10:16:00 AM

 

 

Televisa shareholders take legal action

On Aug. 9, SportsBusiness reported, “Shareholders of Televisa have launched legal action against the Mexican media company after claiming they have lost “hundreds of millions of dollars” after the business allegedly paid bribes to secure Fifa World Cup rights. The complaint, which was filed in federal court in New York on Tuesday, alleges that Televisa paid bribes via a subsidiary to secure coverage of the 2018, 2022, 2026 and 2030 editions of the football tournament, according to Buzzfeed. The complainants – who are participants in the Colleges of Applied Arts & Technology Pension Plan, which owns shares of Televisa traded on the New York Stock Exchange – also allege that Televisa ‘cooked its books for years.’”

 

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Mazda, Suzuki, Yamaha Motor apologize for improper vehicle tests

On Aug. 8, Reuters reported, “Mazda Motor Corp, Suzuki Motor Corp and Yamaha Motor Co improperly tested vehicles for fuel economy and emissions, the Japanese government said on Thursday, revealing fresh cases of compliance failures by manufacturers. The results came to light after the government had ordered the automakers to check their operations after revelations of improper testing at Subaru Corp and Nissan Motor Co last year.”

 

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UK surgeon alleged corruption at UK HealthCare. Judge rules he’s no whistleblower.

On Aug. 7, The Lexington Herald Leader reported, “The University of Kentucky has won a legal battle in its lengthy war against a UK surgeon who has alleged financial corruption at UK HealthCare. Fayette Circuit Court Judge Ernesto Scorsone ruled that Paul Kearney did not meet state requirements for whistleblower status against UK.

Kearney said Tuesday that he would appeal the decision to the Kentucky Court of Appeals. The lawsuit’s beginnings go back to 2015, when UK first suspended Kearney, one of UK’s most admired trauma surgeons, for abusive language and behavior toward colleagues and patients.”

 

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MACC detains MAHB exec over bribery probe

On Aug. 7, The Star Online reported, “The Malaysian Anti-Corruption Commission (MACC) has arrested a Malaysia Airports Holdings Bhd (MAHB) executive for alleged bribery. Initial investigation showed that the man had allegedly taken between RM500 and RM2,000 monthly as inducement to approve a company's leasing of a commercial lot at the foyer of Penang International Airport.”

 

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Register for the Compliance & Ethics Institute | Oct 21-24 in Las Vegas | Learn More >Register for the Compliance & Ethics Institute | Oct 21-24 in Las Vegas | Learn More >

 

 

Your banking data was once off-limits to tech companies. Now they’re racing to get it.

On Aug. 7, The Washington Post reported, “Facebook’s push to gain access to users' banking data and other sensitive financial information could help make online banking more efficient — or it could backfire among those skeptical that the world’s biggest social network can reliably safeguard personal data. The site has joined a growing race among big technology companies seeking private information once regarded as off-limits: users' checking-account balances, recent credit card transactions and other facts of their personal finances and everyday lives. Facebook said this week that it had proposed data-sharing partnerships with banks and credit card companies that would allow users to access their personal account information from within the social network’s messaging service, Facebook Messenger, as an alternative to speaking with customer service representatives or automated chatbots on the companies’ banking or credit sites.”

 

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CFTC’s Whistleblower Awards Total More than $45 Million

On Aug. 7, FTF News reported, “The CFTC has handed out more than $45 million in multiple whistleblower awards, reflecting the higher volumes and greater complexity of incoming whistleblower submissions, officials say. In fact, the regulator last month acknowledged ‘an award of approximately $30 million to one whistleblower and the first award was made by the program to a whistleblower living in a foreign country,’ officials say. The whistleblower program is mandated by Section 748 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.”

 

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Linde shares drop as Praxair merger hits U.S. antitrust hurdle

On Aug. 6, Reuters reported, “Shares in Linde plunged more than 8 percent on Monday after the industrial gases group's planned $87 billion merger with Praxair was put in doubt by demands from U.S. antitrust regulators. The U.S. Federal Trade Commission is asking for more assets to be sold than previously anticipated and the watchdog also wants prospective buyers to meet certain other requirements, the German industrial gases group said in a statement published just after midnight on Sunday.”

 

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New hope in graft fight

On Aug. 6, The Jakarta Post reported, “Buried beneath banner headlines on the 2019 presidential election and preparations for the upcoming Asian Games last week was a news item that on the surface sure looks like a real snoozer: President Joko “Jokowi” Widodo signed a new presidential regulation, his 54th this year. If anything, the new regulation is a typical bureaucratic solution to any problem under the sun, in that the government decided to add another layer of bureaucracy to solve the endemic corruption plaguing the country. The only twist this time is the Corruption Eradication Commission (KPK) is added to the mix and for the first time since its establishment, the antigraft body is now part of the government’s effort to crack down on corruption and it will join other government agencies — including the Executive Office of the President, Home Ministry, the National Development Planning Agency (Bappenas) and the Administrative and Bureaucratic Reform Ministry — in carrying out antigraft measures.”

 

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Product features

 

The Complete Compliance and Ethics Manual - 2018

 

The Complete Compliance and Ethics Manual — 2018

 

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Workplace Investigations: Techniques and Strategies for Investigators and Compliance Officers

 

Workplace Investigations: Techniques and Strategies for Investigators and Compliance Officers

 

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Join us for the Board Audit Committee Compliance Conference | Sept. 24-25 in Scottsdale | Buy one registration for $895, get one for only $595 | Learn More >Join us for the Board Audit Committee Compliance Conference | Sept. 24-25 in Scottsdale | Buy one registration for $895, get one for only $595 | Learn More >

 

 

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Questions/feedback?

Please feel free to contact the Corporate Compliance Weekly Newsletter editor, Margaret Martyr.

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Articles on the Ethics and Compliance Environment
The Society of Corporate Compliance and Ethics provides this library of articles, insight into current issues, the regulatory environment, and other items of interest to our members.