Keep An Eye On Commercial Bribery In Russia

Law360, New York (October 17, 2013, 4:01 PM EDT) -- On May 15, 2013, the Russian banking industry was stunned when law enforcement authorities arrested Vladimir Golubkov, the chairman of Joint Stock Commercial Bank Rosbank on suspicion of commercial bribery.[1] Golubkov’s arrest was one of the most widely reported cases of alleged commercial bribery in Russia, as a result of his high rank at Rosbank and Rosbank’s status as one of the top 10 Russian banks and as part of one of the world’s leading banking groups, Société Générale.

Golubkov, who had a long history of...
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