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A |     Canberra, Oct 11 (UNI) Two Australian men have been charged with bribing Sri Lankan officials to secure infrastructure contracts worth millions of dollars.
Australian police arrested the pair last month after a decade-long investigation spanning several countries, BBC reported.
The men, aged 67 and 71, worked for a company which has been accused of misconduct in South Asian countries, it said.
They are yet to respond to the charges and will face court.
The Australian Federal Police (AFP) say the men arranged bribes of more than A$304,000 ($190,000) to government officials between 2009 and 2016.
The bribes were allegedly made in the pursuit of two Sri Lankan projects -- which police did not name -- worth A$14m.
The charges follow an investigation into SMEC International Pty Ltd, an Australian-based engineering firm, which involved authorities from the US, Canada, India and elsewhere, the BBC reported.
More arrests and charges are possible, the AFP said.
"Corruption undermines fair competition and can have disastrous consequences for developing economies, global anti-poverty and development efforts," Detective Supt Helen Schneider said.
Originally known as the Snowy Mountains Engineering Corp, SMEC was formed in 1949 to build an iconic Australian infrastructure project. It has since grown to employ 5,400 staff in many countries.
In 2017, the World Bank temporarily barred SMEC and four subsidiaries in India, Bangladesh and Sri Lanka from bidding for any of its contracts, the report said.
The World Bank said it had discovered evidence linking the company to suspected "inappropriate payments" in Sri Lanka and Bangladesh.
At the time, a spokesperson for SMEC said the allegations did not relate to any Australian projects, and that the company would continue to strengthen its corporate integrity compliance programmes.
Protests erupted in Sri Lanka this year over corruption allegations and the country's worst economic crisis in history, it said.
UNI MR。    (ECNS) -- Unitree Robotics has priced its Shanghai initial public offering at 150.80 yuan (about $22.34), the company said on Thursday, with online and offline subscription kicking off next Monday.    In a filing to the Shanghai Stock Exchange, the Chinese robotics firm said it was seeking to raise 6.099 billion yuan in gross proceeds, with net proceeds of about 5.917 billion yuan after deducting issuance expenses. The funds will mainly go toward robot R&D, production capacity expansion and embodied intelligence algorithm development.    The IPO proposal has secured approval and registration clearance. Unitree plans to float 40.4464 million shares, accounting for 10% of its enlarged total share capital. The offering includes strategic placement, offline book-building allotment and online fixed-price subscription.    Unitree estimates its operating revenue for the first half of 2026 will stand between 1.052 billion yuan and 1.128 billion yuan, with net profit attributable to parent company ranging from 258 million yuan to 306 million yuan.    Unitree applied under the second set of STAR Market listing criteria which requires an estimated market value of no less than100 billion yuan. Its post-IPO market value will hit approximately 60.993 billion yuan.    (By Intern Xu Wenda, Zhang Dongfang)                    。

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