Comments on Wall Street Journal Article Regarding Bribery Allegations Against WSJ in China

Posted In Business Insider, DigitalOlympus Feature Articles, World Wire - By Josh Cole On Thursday, March 21st, 2013 With 0 Comments

Popular news and technology blog,, comments on a recent article in the Wall Street Journal regarding the bribery allegations against employees at the WSJ in China

New York, NY (PRWEB) 19, March, 2013 —

On March 19, business research firm commented on an article by Devlin Barrett and Evan Perez in the Wall Street Journal regarding the bribery allegations against WSJ in China, something that would represent a direct violation of the U.S. Foreign Corrupt Practices Act (FCPA).

According to the Wall Street Journal article, the Justice Department opened last year an investigation into allegations that staff members at the US-based paper bribed Chinese government officials in exchange for information for news articles. leading researcher Josh Cole, commented on the article regarding how he thinks this will affect the industry. “This is definitely a strong indication that the U.S. government is making an example of bribery and corruption cases in an attempt to diminish companies’ intent on finding rapid profit from any action that could indicate a potential violation of the FCPA.”

Cole also spoke of some recommendations that would like to share for companies facing similar allegations. “We urge organizations to employ experienced professionals in FCPA and anti-corruption practices that will detect and prevent FCPA violations,” said Cole. “We also advise our readers to contact certified specialists who can conduct thorough investigations that might avert any illegal activities that could tarnish the reputation of their companies, before it makes it to the press.”

The Wall Street Journal article concluded that, although the investigation continues, it’s unlikely that any criminal charges would be filed against the employees at the company; because, according to both corporate and government officials familiar with the case, no evidence has been found to support the claim.

As a leading business research firm, promotes the adoption of business intelligence and due diligence practices that can protect businesses’ reputations effectively. The decision by the Justice Department to open this investigation can be seen as an important precedent for all news corporations, and it could be perceived as an example of how the U.S Government is approaching FCPA cases around the globe.

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