This is definitely a strong indication that the U.S. government is making an example of bribery and corruption cases in an attempt to diminish companies’ intent on finding rapid profit from any action that could indicate a potential violation of the FCPA.
New York, NY (PRWEB) March 23, 2013
On March 19, business research firm DigitalOlympus.com commented on an article by Devlin Barrett and Evan Perez in the Wall Street Journal regarding the bribery allegations against WSJ in China, something that would represent a direct violation of the U.S. Foreign Corrupt Practices Act (FCPA).
According to the Wall Street Journal article, the Justice Department opened last year an investigation into allegations that staff members at the US-based paper bribed Chinese government officials in exchange for information for news articles.
DigitalOlympus.com leading researcher Josh Cole, commented on the article regarding how he thinks this will affect the industry. “This is definitely a strong indication that the U.S. government is making an example of bribery and corruption cases in an attempt to diminish companies’ intent on finding rapid profit from any action that could indicate a potential violation of the FCPA.”
Cole also spoke of some recommendations that DigitalOlympus.com would like to share for companies facing similar allegations. “We urge organizations to employ experienced professionals in FCPA and anti-corruption practices that will detect and prevent FCPA violations,” said Cole. “We also advise our readers to contact certified specialists who can conduct thorough investigations that might avert any illegal activities that could tarnish the reputation of their companies, before it makes it to the press.”
The Wall Street Journal article concluded that, although the investigation continues, it’s unlikely that any criminal charges would be filed against the employees at the company; because, according to both corporate and government officials familiar with the case, no evidence has been found to support the claim.
As a leading business research firm, DigitalOlympus.com promotes the adoption of business intelligence and due diligence practices that can protect businesses’ reputations effectively. The decision by the Justice Department to open this investigation can be seen as an important precedent for all news corporations, and it could be perceived as an example of how the U.S Government is approaching FCPA cases around the globe.
Digitalolympus.com is a news blog dedicated to educating its readers on the latest technology advances. They are committed to gathering information on up and coming technologies that will enhance the lives of their readership. Digitalolympus.com is always at the forefront of technology news and events guiding its readers to accurately determine the best course of action for themselves and their businesses.