(October 30, 2002) Dear Editor: Acres International is misleading your readers by claiming that the World Bank dismissed the same charges against it ("Acres vows appeal," by Terry Weber, October 28, 2002).
South Africans applaud Lesotho ruling against Canadian firm
(October 30, 2002) The South African government on Tuesday applauded a Lesotho court’s decision to fine a Canadian company more than US$2 million for bribing an official in charge of a multibillion water project.
South Africans applaud Lesotho ruling against Canadian firm
(October 29, 2002) The South African government applauded Tuesday a Lesotho court’s decision to fine a Canadian company more than $3.1 million Cdn for bribing an official in charge of a multibillion water project.
Lesotho court fines Acres: Oakville firm hit with $3.5 million bribery penalty
(October 29, 2002) "I think the judge is sending a clear message to other companies that bribery doesn’t pay," said Patricia Adams, executive director of Probe International. "With tough penalties like this, companies will get the message that it’s not worth it."
Kasrils welcomes bribery sentence
(October 29, 2002) South African Water Affairs and Forestry Minister Ronnie Kasrils has welcomed the fine imposed on Acres International found guilty of bribing an official of the Lesotho Highlands Development Authority.
Canadian firm to appeal Lesotho fine
(October 29, 2002) A Canadian engineering firm embroiled in a high-profile bribery case in Lesotho said on Monday it would appeal against a $2.2-million fine handed down by the country’s high court.
Canadian firm fined R22m for Lesotho bribe
(October 29, 2002) The Lesotho High Court fined Canadian engineering firm Acres International R22,5million in a landmark case yesterday for bribing a top official in a major water project in Lesotho.
Canadian company fined in Lesotho
(October 29, 2002) Acres International, the Canadian engineering consulting company, was yesterday fined R22.5m ($2.23m, €2.28m, £1.43m) in the Lesotho High Court for bribery linked to a World Bank-funded southern Africa water supply contract.
Canadian company fined £1.6m for Lesotho bribes
(October 29, 2002) Acres’ sentence is the first from a series of unprecedented trials of some of the world’s leading dam designers and builders. Acres said it would appeal. If it loses it may be banned from bidding for future projects funded by the World Bank.
Bribery firm protests its innocence
(October 29, 2002) The case marks the first time that bribe-givers, as well as takers, have found themselves in the dock in a high-profile international project.
Acres fined $3.4-million for bribing project’s CEO
(October 29, 2002) Judge Mahapela Lehohla rebuked Acres, convicted last month on two bribery counts, for showing "not the slightest hint of remorse" during its trial and for subsequent comments that "bordered on contempt of court.
Lesotho court fines Acres: Oakville firm hit with $3.5 million bribery penalty
(October 29, 2002) I think the judge is sending a clear message to other companies that bribery doesn’t pay," said Patricia Adams, executive director of Probe International, a Toronto-based organization that monitors Canada’s aid and trade. "With tough penalties like this, companies will get the message that it’s not worth it.
Western firm fined for African bribery
(October 28, 2002) A Canadian transnational corporation has been hit with a multimillion-dollar fine for bribing its way into a lucrative World Bank-funded African dam project. It is the first to be convicted and sentenced, and now faces a fine of 22m maloti.
Firm faces fine for bribery in Lesotho as UN prepares Convention on Corruption
(October 28, 2002) Maseru, the sleepy capital of an African mountain kingdom, seems an unlikely theatre for an unfolding bribery scandal involving Western multinationals —among them Canada’s Acres International Ltd.— that has rocked the global construction industry, reports the Globe and Mail (Canada). The Oakville, Ontario-based engineering firm, convicted last month of bribing the former head of one of Africa’s biggest water projects in return for contracts worth $21 million, was in Lesotho High Court on Monday for sentencing.
Court sends clear message
(October 28, 2002) "There is a total absence of remorse. All that Acres appears to regret was that it was caught," said Judge Mahapela Lehohla.
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