PTT Thailand Told To End Carrefour Bid

The government ordered PTT on Tuesday to end its bid to buy Carrefour’s retail assets in Thailand, saying the state-controlled company should not be competing with private firms. Deputy Government Spokesman Watchara Kannikar said the Cabinet considered it inappropriate for PTT – as a state-owned company – to be competing with private companies to bid […]

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Tobacco Companies Plead Guilty to Bribing Kyrgyz, Thai Officials

Two foreign subsidiaries of Virginia-based Alliance One International Inc. pleaded guilty on Friday to bribing officials in Thailand and Kyrgyzstan to secure contracts and purchase tobacco leaf, the Justice Department said. Alliance One International AG, a Swiss corporation, was charged with conspiracy to violate the Foreign Corrupt Practice Act and violations of the anti-bribery and […]

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