Chemed to pay $75 million over false claims lawsuit: Justice Dept

Chemed Corp and subsidiaries including Vitas Hospice Services LLC and Vitas Healthcare Corp have agreed to pay $75 million to resolve a federal lawsuit alleging false claims for hospice services to Medicare, the U.S. Justice Department said on Monday. read more »

Airbus Says It Misled State Department on Arms Sales

The aircraft manufacturer Airbus said on Tuesday that it may have violated United States rules on arms exports, potentially expanding a corruption investigation that has already shaken the company in Europe.

Airbus, Boeing’s main rival in the passenger jet business, said that it had provided false information to the State Department about its compliance with rules on arms sales overseas. Airbus provided few details except to say that the inaccuracies related to American regulations on fees and commissions paid to sales agents.

The disclosure raised the prospect that corruption investigations involving the company in Europe, to do with the use of middlemen to pay bribes, could spread to the United States, which typically imposes much higher fines and stiffer court judgments. In an industry that relies heavily on ties with government, Airbus could also be at a disadvantage competing for contracts, or even be frozen out altogether. read more »

'Give me 10 minutes. That was enough time for me to get out of the compound and lose the tail': How a whistleblower escaped Saudi Arabia after uncovering an alleged bribery scheme at Airbus

Retired Army officer Ian Foxley thought he had found his dream job overseeing a £1.96 billion ($2.6 billion) contract for upgrading defence telecommunications in Riyadh, Saudi Arabia.

Instead, he uncovered what he believed was evidence of a multi-million-pound bribery scheme, and tried to blow the whistle, deciding to flee the country rather than risk staying. read more »

Kobe Steel scraps profit forecast on fake data scandal

Japan's Kobe Steel has withdrawn its full-year profit guidance due to uncertainty around the cost of its data falsification scandal.

Last month it admitted to fabricating data on the quality of some products, possibly for more than a decade. read more »