Financial Transparency Coalition

LIMA (Reuters) - Peru's Supreme Court convicted and sentenced former President Alberto Fujimori on Monday to 7 1/2 years in prison for giving a $15 million bribe to his spy chief, the third time he has been convicted since returning from exile in 2007 to face a raft of charges.

MANILA, Philippines—Sen. Manuel Roxas II Monday brought to the attention of the US Department of Justice and Department of Commerce the alleged attempt by Pfizer Philippines to bribe President Gloria Macapagal-Arroyo.

NEW YORK (Reuters) - For anyone who believes crime doesn't pay, tell that to the New York state legislator who introduced a "Madoff" bill on Monday. Rich New Yorkers convicted of crimes would be forced -- if his bill becomes law -- to pay the state and federal governments for how much it costs to keep them in jail.

In the last year, industries across the board have experienced one of the most tumultuous markets in history. No industry, including oil and gas, has been immune from the economic downturn and potential pitfalls of fraud-related incidents. Today’s turbulent market has created the perfect storm for corporate fraud in the world of energy and other business sectors.