Nazir Karigar, a former agent of an Ottawa high-tech company was sentenced on May 23, 2014 to a penitentiary term of three years for conspiring to bribe several Indian government officials in the first Corruption of Foreign Public Officials Act (the “CFPOA” or the “Act”) case to go to trial. The conspiracy to bribe had as its purpose the winning of a tender for a multi-million dollar contract to sell facial recognition software to Air India, a state enterprise. Facial recognition software may play an important role in preventing the boarding of planes by unauthorized persons.
Continue Reading First jail sentence in Canada for foreign corrupt practices: Recognition of the seriousness of a conspiracy to bribe
criminal liability
RCMP arrest six in alleged investment fraud
The RCMP’s Greater Toronto Area Financial Crime team has arrested and charged six people in an alleged fraudulent investment scheme. The RCMP has reported that the alleged fraud worked by enticing investors to purchase business tax losses valued far in excess of their investments. The companies used by the accused included: Integrated Business Concepts (IBC), Synergy Group 2000, Cason Global Wealth Association (CGWA) and IBCA 2009.
Continue Reading RCMP arrest six in alleged investment fraud
Deferred prosecution agreements arrive in the U.K.; food for thought for Canada
As of February 24, 2014, prosecutors in the United Kingdom will have a new tool in their arsenal to combat corporate criminal wrongdoing. After a lengthy consultation process, and with the benefit of observing a longstanding U.S. practice, the British Parliament amended its Crime and Courts Act to allow for Deferred Prosecution Agreements (“DPAs”). Canadian lawmakers should carefully review this new legislation, as well as the U.S. DPA program, as either system would be a step in the right direction for Canada.
To date, federal officials in Canada have not shown an interest in introducing a DPA system for use by Canadian prosecutors tasked with combatting commercial crime. A DPA system, however, has many advantages for both the regulator and the regulated that Canada should consider. For the regulator, it provides the benefit of internal investigations that are funded by industry and disclosed voluntarily, which saves massive government resources. For the regulated, they avoid a conviction and admission of liability, which minimizes legal and reputational damage. The newly adopted U.K. regime provides a new model for Canada to consider alongside the American regime.
Continue Reading Deferred prosecution agreements arrive in the U.K.; food for thought for Canada