WASHINGTON, Dec 11 (Thomson Reuters Foundation) - Developing countries lost nearly $1 trillion to fraud, corruption and shady business transactions in 2011, vastly outpacing the foreign aid they received and the pace of dirty money leaving emerging nat...
APShoppers at a Mexico City Walmart Superstore in 2011. By Aruna Viswanatha WASHINGTON -- Walmart Stores is paying for lawyers to represent more than 30 of its executives involved in a foreign corruption investigation, according to people familiar with the matter, an unusually high number that shows the depth of the federal probe. The U.S. Show More Summary
Joe Hockey's refusal to sell GrainCorp to a foreign agribusiness giant wasn't just a cave-in to the Nationals. A history of corruption and sensitive politics were also involved, writes Wendy Bacon
Mexico and Brazil have received special attention from the U.S. Department of Justice since October as the agency seeks to gain strong partners in its fight against transnational bribery through the Foreign Corrupt Practices Act, Deputy Attorney General James Cole...
``the Chinese government is embarking on a worldwide hunt to seize the properties with help from foreign governments, according to asset recovery and anti-corruption specialists... For a corrupt official with money to invest, putting...Show More Summary
By Don Dion: According to the New York Times, JPMorgan Chase (JPM), headed by chairman, president and CEO James "Jamie" Dimon, clandestinely hired Lily Chang at $75,000 a month to help improve the bank's clout in China. Who Is Lily Chang? The story has a fascinating element to it that would thrill a Hollywood script writer. Show More Summary
A U.S. government-funded foreign aid organization is considering sending hundreds of millions of dollars in grants to countries whose flawed, corrupt or undemocratic governments should almost certainly be ineligible for the money according to he agency's own internal guidelines. The Millennium Challenge Corporation, or MCC, is an independent U.S. Show More Summary
Avigdor Lieberman, leader of the far, far right nationalist Yisrael Beitenu Party in Israel (which is currently merged with the equally right wing Likud Party), was acquitted of corruption charges and then quickly sworn in as Foreign Minister on Monday. Lieberman is dedicated to annexing the Palestinian West Bank and dismisses Palestine leader Mahmoud Abbas [...]
(JERUSALEM) — Hard-line Israeli politician Avigdor Lieberman has been sworn in as the country’s foreign minister. Lieberman returns to the post after being cleared last week of all charges in a long-running corruption case. Lieberman,...Show More Summary
Avigdor Lieberman was acquitted today of corruption charges and is expected to re-join the Israeli government as Foreign Minister. Here his return is portrayed as a horror movie.
An Israeli court has cleared former foreign minister Avigdor Lieberman of all corruption charges.
Charles Duross, the deputy chief of the U.S. Justice Department's Foreign Corrupt Practices Act Unit, delivered an ominous message Monday to in-house lawyers at the Association of Corporate Counsel's Annual Meeting in Los Angeles: Failure to report potential bribery is...
We are going to punish our enemies and we’re gonna reward our friends who stand with us on issues that are important to us. –President Barack Obama, October 2010 The Obama Justice Department has increased Foreign Corrupt Practices Act...Show More Summary
Danielle Rajendram is a Lowy Institute research associate. Her work focuses on Indian foreign and domestic policy, India-China relations and Asian security. Rahul Gandhi’s public criticism of a UPA-proposed ordinance generated a lot of media buzz in India. Show More Summary
What's wrong with a little bribery in the name of pursuing profit?
Amat Escalante won the Cannes Film Festival Best Director prize this year for Heli, a stark look at the effects of crime and corruption in Mexico. The country has now submitted it for the Outstanding Foreign Language Film Oscar race, the Academia Mexicana de Artes y Ciencias Cinematográficas said today. Show More Summary
Alcon, the eyecare division of Novartis, said it would investigate claims that it used fake clinical trials to bribe doctors in China, the latest in what has become a steady stream of corruption allegations against mostly foreign pharmaceutical companies in China. http://www.ft.com/cms/s/0/5851e1a2-1f73-11e3-aa36-00144feab7de.html#axzz2f97czlYi
The Polish Central Anti-Corruption Bureau and U.S. agencies are investigating potential violations of the Foreign Corrupt Practices Act by an employee of an indirect subsidiary of Hewlett-Packard in Poland, the company said in a filing Monday. Show More Summary
Two recent investigations into corruption by foreign drug-related companies in China share a common thread—the role of travel agents.
Michael T. Sestak before his arrest. In June, Michael T. Sestak, a former cop and naval officer who went on to work for the US Foreign Service in Vietnam, was brought before a judge in Washington, DC on corruption charges. Sestek was...Show More Summary