Tuesday, December 1, 2020

Canada charges former IMEX system executive with bribery

-

The RCMP has charged a former business executive with bribing a public official from Botswana.

The Mounties allege Damodar Arapakota, a former executive of Toronto-based IMEX Systems Inc., provided financial benefit for a Botswanan public official and his family.

- Advertisement -

He is charged under the Corruption of Foreign Public Officials Act.

The RCMP says it began an investigation in October 2018 after the new management of the company where Arapakota used to work reported allegations of illegal acts to the RCMP.

- Advertisement -

Arapakota is slated to appear in Ontario Superior Court in Toronto on Dec. 15.

The Mounties say Canadian companies may face requests for bribes in many international business transactions, including trade and investment.

Arapakota’s case is an example of how raising awareness and providing information to businesses and government officials can help prevent and detect international corruption, the force said.

“IMEX Systems Inc.’s self-report to the RCMP demonstrated their leadership and professionalism towards foreign bribery,” said Insp. Denis Beaudoin, officer in charge of the RCMP international anticorruption investigative team.

MUST READ

Subscribe For More

Get our daily notification on the latest financial crimes news around the World

- Affiliate Products -

Advertisement

Latest News

This Week

Former Cincinnati council member Tamaya Dennard gets 18 months prison in corruption case

Former Cincinnati City Council Member Tamaya Dennard was sentenced on Tuesday for her part in what federal authorities say is a “culture of corruption”...

Pennsylvania attorney gets 6 years in prison for role in $2.7m Ponzi scheme

An Allentown, Pennsylvania, attorney was sentenced today to 78 months in prison followed by three years of supervised release for his role in a...

Spokane health clinic owner charged with $5 million Medicaid fraud

The owner of a health clinic based in Spokane, Washington, is facing charges of theft and money laundering after investigators alleged fraudulent Medicaid billing...

Former Tangipahoa Parish Sheriff’s Office employee charged in bribes for bond scheme

A Tangipahoa Parish Sheriff's Office employee has been charged with taking bribes in exchange for fraudulent bonds to release inmates from the parish jail,...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    OK No thanks