scrutiny

The Justice Department is increasing its prosecutions of alleged acts of foreign bribery by U.S. corporations, and at least 120 companies are currently under investigation.

The Foreign Corrupt Practices Act (FCPA) that became law in 1977 is the main reason of investigating the companies, whose number has increased from 100 at the end of last year, as provides Mark Mendelsohn, a deputy chief in the Justice Department division overseeing the prosecutions.

It has been disclosed that top executives of 14 largest American credit card companies will be participating at the meeting with the senior administration officials in the White House, in order to discuss matters concerning their efforts on increasing transparency and helping the economy.