- The Wall Street Journal•2 days ago
General Electric declined to renew contracts with a subsidiary of a power company in Indonesia controlled by Standard Chartered, which is being investigated by U.S. authorities over bribery allegations ...
- The Wall Street Journal•3 days ago
The Justice Department is investigating Standard Chartered over allegations that an Indonesian power company controlled by the London-based bank paid bribes to win contracts.
- Reuters•3 days ago
LONDON/WASHINGTON (Reuters) - Standard Chartered (STAN.L) has told "appropriate authorities" about alleged corruption at an Indonesian power plant company majority-owned by its private equity arm, the bank said. The lender's comment came in response to a Wall Street Journal report that the U.S. Department of Justice is investigating whether Standard Chartered failed to stop possible bribery and other misconduct at MAXpower Group Pte Ltd, which builds and operates gas-fired power plants in Southeast Asia. The allegations compound the legal woes of the bank, which is subject to a deferred-prosecution agreement with the Justice Department over alleged Iranian sanctions breaches and faces possible prosecution if found to have committed another federal crime.
Standard Chartered PLC (2888.HK)
HKSE - HKSE Delayed Price. Currency in HKD
|Day's Range||61.55 - 63.05|
|52wk Range||42.55 - 87.65|
|1y Target Est||N/A|
|P/E Ratio (ttm)||-8.75|
|Avg Vol (3m)||2,357,165|
|Dividend & Yield||N/A (N/A)|