Ethical Alliance Daily News - 17 May 2016

Brazil: Another Brazil Scandal Makes Steelmaker World’s Worst Performer
May 17, 2016 08:00 pm

Gerdau SA fell the most among peers after police indicted more than a dozen people, including its chief executive officer, for their alleged involvement in a tax evasion scandal linked to Brazil’s No. 2 steelmaker. Shares in Gerdau fell 7.1 […]
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United States: Former head of Virginia Regional Transit pleads guilty in bribery scheme
May 17, 2016 07:30 pm

The former head of Virginia Regional Transit pleaded guilty on Monday in federal court in Alexandria to his role in a bribery scheme that cost the federal government nearly $400,000. Mark W. McGregor was chief executive officer of VRT, a […]
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Tanzania: Tanzania purges 10,000 ‘ghost workers’ in anti-corruption drive
May 17, 2016 07:00 pm

Tanzania has removed more than 10,000 “ghost workers” from its public sector payroll in a crackdown on corruption. Payments to the non-existent employees had been costing the government more than $2m (£1.4m) a month, according to the prime minister’s office. […]
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Japan: Japan pledges to cooperate with French probe into Olympics corruption
May 17, 2016 06:30 pm

Japanese Prime Minister Shinzo Abe on Monday vowed cooperation with French investigators probing payments allegedly made to help Tokyo secure the 2020 Olympics. “I have instructed the education and sports minister to fully cooperate in the investigation,” Abe told lawmakers […]
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Ukraine: Transparency International: More Ukrainians ready to report corruption to police
May 17, 2016 06:00 pm

The number of Ukrainians who are ready to report the cases of corruption to the law enforcement agencies has increased by 32 percent. That’s according to Transparency International (TI) Ukraine civil society organisation, who has announced the preliminary results of […]
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Australia: Australia is emerging as a global cybercrime and money laundering hot spot
May 17, 2016 05:30 pm

Corporate Australia reports seeing more local economic crime than the rest of the world. More than half (52%) of the companies surveyed by PwC for a major study experienced economic crime in the last two years compared to the global […]
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