Financial Transparency Coalition

LONDON -- A senior Swiss official accepting a $45,000 bribe? The U.S. citizen who made the allegation as he pleaded guilty to hiding money from the U.S. government might just has well have insulted all Swiss grannies.

Helmerich & Payne Inc. (H&P) has entered into an agreement with the Department of Justice to resolve improper payments by H&P to government officials in Argentina and Venezuela in violation of the Foreign Corrupt Practices Act (FCPA).

Swiss authorities are investigating allegations that a Swiss official accepted a bribe from an American UBS client. From Reuters:

Swiss prosecutors are investigating allegations that an unamed Swiss official took a bribe from a U.S. client of UBS, they said on Wednesday.

Federal prosecutors said in a statement the tax authority had filed charges against unknown persons which it was now investigating without giving further details.

Word of the investigation came just one day after a former UBS client plead guilty in US court to filing false tax returns and evading...

ZURICH (Dow Jones)--Switzerland's justice department said Wednesday that allegations a high-ranking Swiss official was bribed by a Swiss bank client aren't specific enough to pursue a case.