(August 29, 2003) German engineering contractors Lahmeyer International were fined more than $1 million (R10,6-m maloti) in the Lesotho High Court on Tuesday for bribery.
Third multinational charged
(August 28, 2003) Lesotho’s attorney general Fine Maema said a court date would be set for the prosecution of French construction company, Spie Batagnolles.
New policy to restore investor confidence in Lesotho
(August 27, 2003) "Once the international companies and the international community as a whole realize that there’s zero tolerance on corruption, then it clearly means that there’d be more investors coming to Lesotho." – Fine Maema, Lesotho’s Attorney General.
Lesotho to prosecute 15 more multinationals
(August 27, 2003) This comes after a German firm, Lahmeyer, was fined R10,5 million in the Lesotho High Court for bribery.
Catching the corrupt no easy task in South Africa
(August 27, 2003) Experts say South Africa’s law is flawed, allowing those who offer bribes to walk free.
Lesotho fines second firm for bribery
(August 27, 2003) Lesotho’s High Court has fined a German company more than $1m for bribing its way into a massive dams project.
German company fined for bribery
(August 26, 2003) Second multinational convicted in Lesotho corruption trial.
Lesotho sends a strong message on corruption
(August 25, 2003) In sentencing Acres International, judges wanted to send a strong message to developers. The question of conviction alone is a far-reaching punishment because Acres will be unlikely to secure contracts funded by the World Bank.
Acres’ partners in crime
(August 23, 2003) Was Canada’s federal government determined to see justice prevail? Just the opposite.
Request to EDC for a clear statement of EDC’s policy on bribery and convicted companies
(August 22, 2003) We ask you to commit to a thorough investigation of all transactions involving Acres International, and a barring of Acres International from future EDC transactions for a period no less than five years.
Iraq: Debt and devastation
(August 21, 2003) This paper, by investment analyst Justin Alexander and economic lecturer Colin Rowat, calls for the establishment of an international arbitration tribunal to assess Iraqi debt in the light of the doctrine of odious debt.
Acres responds to appeal verdict in Lesotho trial
(August 18, 2003) Acres International expressed its disappointment that the Appeal Court of Lesotho upheld one of the two counts of bribery that were the subject of its recent appeal.
Court pours water on Canadian firm’s appeal
(August 17, 2003) Part of the court judgment read: "The fact of the conviction demonstrates to those who do business in developing countries that they do not have a licence to buy favour from governments by making corrupt payments to persons in authority."
Lesotho Appeal Court reduces Acres’ fine, still guilty of one count of bribery
(August 15, 2003) Lesotho’s Court of Appeal has reduced the R22-million fine imposed by the High Court of Lesotho on Canadian company Acres International, convicted of bribing the former head of one of Africa’s biggest water projects.
Canadian firm loses appeal against Lesotho bribery conviction
(August 15, 2003) Canadian engineering firm Acres International has lost its appeal against a bribery conviction in a major African water project.
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