![]() On 5 March 2021, the case was considered concluded with an agreement reached outside of the NCP process and a final statement was published. ![]() Petrobras reported that the documents requested by the submitter in the context of the specific instance had already been provided in a parallel procedure via Brazil's Law on Access to Information, and therefore, they would not participate in the NCP procedures. On 12 August 2020, the Brazilian NCP undertook an initial assessment whereby it decided that the issues raised merited further examination. Specifically, the submitter had requested two documents relating to the circumstances of his dismissal in order to restore his reputation. The issues were related to access and disclosure of personal information. ![]() Douglas Linares Flinto, an individual, submitted a specific instance to the Brazilian NCP, alleging that Petrobras S.A, a Brazilian state-owned oil and gas company, had not observed the Concepts and Principles (Chapter I), Disclosure (Chapter III), Human Rights (Chapter IV) and Combating Bribery, Bribe Solicitations and Extortion (Chapter VII) provisions of the Guidelines. Read the final statement published 5 March 2021: Portuguese Specific instance alleging a non-observance of the OECD Guidelines.Ĭoncepts and principles, Disclosure, Human rights, Combating bribery, bribe solicitation and extortionĮlectricity, gas, steam and air conditioning supply But it is nothing compared to the $ 80 million settlements between each KPMG and Deloitte and the Malaysian authorities ( ).Mr. Ok, so everybody can make a mistake and these mistakes were made a mighty long time ago. VimpelCom settled with US and Dutch authorities for USD 790 million for making corrupt payments. It may have something to do with the recent court case against EY, that got a EUR 240.000 fine because they should have reported the unusual payments made by VimpelCom (now VEON) earlier, when they were the accountant of the company ( ). That will teach them to pay more attention next time! I mean, the profit of PwC in The Netherlands in 2021/2022 was EUR 234 million and the average management fee per partner was EUR 690.300. The accountant already got reprimanded by a Dutch disciplinary court in 2020 ( ) and now almost 3 years later the accountant firm gets a EUR 150.000 fine. It took PwC and the authorities over 10 years to agree on a settlement of EUR 150.000. We are talking about the books and records of 20. The settlement amount with PwC is.drum roll.hold tight.EUR 150.000. Because SHV self-disclosed some of the suspicious payments, fully cooperated and promised to improve their Ethics & Compliance program, they received a substantial discount. Most of the settlement amount was a disgorgement of the profits obtained with the corrupt transactions. See. ![]() ![]() Subscribe on Youtube 100+ tutorial videos with new ones added frequently. Get Started Fast Learn Flinto Our documentation is easy to read and full of video tutorials. The settlement also included a small fine for a sanctions violation. Flinto Thank you for Downloading Thanks for trying Flinto Click here if the download doesn’t start automatically. SHV previously reached an #anticorruption settlement of EUR 42 million for multiple bribery incidents and false accounting. The Dutch Public Prosecution Service has now finally settled a case with accountant firm PwC for insufficiently checking the books and records of Econosto Mideast, a company owned by SHV. Key Principal: Douglas Linares Flinto See more contacts Industry: Civic and Social Organizations, Religious, Grantmaking, Civic, Professional, and Similar Organizations, Other. ![]()
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