Thursday, July 28, 2016

From: Ethical Alliance Daily News - 27 July 2016

Africa: New Panama Papers series exposes secret deals in Africa
Jul 27, 2016 08:00 pm
New revelations published by the International Consortium of Investigative Journalists (ICIJ), in collaboration with more than a dozen news organizations in Africa, expose fresh details about the misuse of corporate secrecy and hidden wealth in Africa, the world’s poorest continent. […]
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Read our recent interview with Ariel Meyerstein, Vice President, Labour Affairs, Corporate Responsibility & Corporate Governance at the United States Council for International Business and member of the Ethical Alliance Advisory Council, to hear his thoughts on anti-corruption, responsible business conduct and human rights issues.
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The UK’s white-collar crime prosecutors have launched a fresh investigation into Unaoil’s alleged corruption. This next step in the ongoing episode shows that the scandal is moving beyond mere press reporting over the dubious practices of the Monaco-based oil industry consultancy. […]
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The chair of the Corruption Eradication Commission (KPK) has called for the commission to be given the authority to investigate corruption in the private sector; its investigation authority is currently limited to cases involving more than Rp 1 billion (US $76,274) and implicating […]
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Barely a month into his term as president, Rodrigo Duterte on July 25, Monday, reminded law enforcers and the public at large that the “fight against criminality and illegal drugs and corruption will be relentless and sustained.” “During my inauguration…I […]
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Top-level turmoil inside the Independent Commission Against Corruption has taken a new twist after it emerged that the agency is to rehire a long-retired senior investigator to beef up its key investigative arm. Just when it looked like weeks of […]
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Malaysian Prime Minister Najib Razak on Monday (Jul 25) defended state investment fund 1Malaysia Development Berhad (1MDB), currently at the centre of an international money laundering scandal. Despite widespread allegations of fraud and misuse of public funds, Mr Najib said […]
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From: Transparency International - Daily Corruption News - 27 July 2016

27 July 2016
Today's top story
Global: These Qaddafi henchmen are wanted for stealing millions, and we found them in Britain
Buzzfeed (TI mention)
Three of the former Libyan dictator’s top officials are living comfortably in Britain despite being wanted in Tripoli for allegedly embezzling millions from the collapsed state – and the UK authorities have done nothing to help investigate.


More news

Blogs and opinion

News from Transparency International
On the blog: How to steal billions
On the web: Emerging markets, pathetic transparency

From: WSJ - Corruption Currents: Widening Evidence of Russian Role in DNC Hack - 26 July 2016

Wall Street Journal - Corruption Currents: Widening Evidence of Russian Role in DNC Hack - 26 July 2016. By Samuel Rubenfeld. http://blogs.wsj.com/riskandcompliance/2016/07/26/corruption-currents-widening-evidence-of-russian-role-in-dnc-hack/

Wednesday, July 20, 2016

From: WSJ - Corruption Currents: Putin Warns of ‘Schism’ Amid New Doping Report

WSJ - Corruption Currents: Putin Warns of ‘Schism’ Amid New Doping Report - 18 July 2016. By Samuel Rubenfeld. http://blogs.wsj.com/riskandcompliance/2016/07/18/corruption-currents-putin-warns-of-schism-amid-new-doping-report/

From: Transparency International - Daily Corruption News

19 July 2016
Today's top story
Mexico: Mexican anti-graft chief resigns at dawn of new corruption rules
Reuters
Mexico's chief anti-corruption official, who last year exonerated President Enrique Pena Nieto of conflict-of-interest allegations, resigned on Monday, just hours before new graft-fighting legislation comes into effect.


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Blogs and opinion

News from Transparency International
Press release: Transparency International calls on Brazil for open, transparent election of Speaker of Lower House
On the web: Emerging markets, pathetic transparency

From: Ethical Alliance Daily News - 19 July 2016

Russia: IOC vows ‘toughest sanctions’ after report finds Moscow ran broad doping scheme
Jul 19, 2016 08:00 pm
With the Rio Olympics less than three weeks away, the IOC on Monday promised “the toughest sanctions available” after a report found Moscow had concealed hundreds of positive doping tests in many sports ahead of the Sochi winter Games. The […]
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Brazil: SBM Jumps Most in Nine Months Following Brazilian Leniency Deal
Jul 19, 2016 07:30 pm
SBM Offshore NV, a Dutch oil-services provider, rose the most in nine months in Amsterdam trading after reaching a leniency deal with Brazilian authorities following a corruption investigation. SBM climbed as much as 15 percent Monday, the biggest intraday gain […]
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China: China seizes 381 suspects in corruption probe
Jul 19, 2016 07:00 pm
China has seized 381 Chinese nationals from more than 40 countries in the first half of this year, under a nationwide anti-corruption campaign dubbed “Sky Net”, the Beijing Times reports. The suspects include 33 that had been tagged with Interpol red […]
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Mexico: Mexican anti-graft chief resigns at dawn of new corruption rules
Jul 19, 2016 06:30 pm
Mexico’s chief anti-corruption official, who last year exonerated President Enrique Pena Nieto of conflict-of-interest allegations, resigned on Monday, just hours before new graft-fighting legislation comes into effect. Virgilio Andrade, head of the Public Administration Ministry (SFP), the government’s main anti-corruption […]
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South Korea: Park’s aide embroiled in Nexon bribery case
Jul 19, 2016 06:00 pm
Woo Byung-woo, senior presidential secretary for civil affairs, denied a media report, Monday, that he allegedly brokered a sale of high-priced real estate owned by his sisters-in-law to online game company Nexon in 2011. The report came after Jin Kyung-joon, […]
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Cyprus: Waiting for Vgenopoulos; Cypriot Court Postpones Bank Bribery Case to July 20
Jul 19, 2016 05:30 pm
In a marathon session in Cypriot courts on Monday, the case against businessman Andreas Vgenopoulos was discussed. The main basis of the case concerns a 1-million-euro payout to former central banker Christodoulos Christodoulou by Greek shipowner Michalis Zolotas in 2007 […]
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Wednesday, July 13, 2016

From: WSJ - Corruption Currents: Jailed Banker Says He Witnessed Bribery - 11 July 2016

WSJ - Corruption Currents: Jailed Banker Says He Witnessed Bribery - 11 July 2016. By Samuel Rubenfeld. http://blogs.wsj.com/riskandcompliance/2016/07/11/corruption-currents-jailed-banker-says-he-witnessed-bribery/

From: Transparency International - Daily Corruption News - 12 July 2016

12 July 2016
Today's top story
US: Prosecutors want Blagojevich to serve full 14 years, defense asks for 5
Chicago Tribune
Former Gov. Rod Blagojevich should get as little as five years in prison when he is resentenced on sweeping corruption charges next month, a move that would see him released from custody in months, his lawyers said in a court filing late Monday.


More news

Blogs and opinion

News from Transparency International
Press release: Transparency International strongly condemns murder of Kem Ley; seeks independent investigation
On the web: Emerging markets, pathetic transparency

From: Ethical Alliance Daily News - 12 July 2016

United States: Johnson Controls pays $14.4 mln to end SEC bribery probe
Jul 12, 2016 08:00 pm
Johnson Controls Inc agreed to pay $14.4 million to settle U.S. regulatory charges that its workers bribed Chinese shipbuilders and shipyards, including some owned by the Chinese government, to win business and enrich themselves. The U.S. Securities and Exchange Commission […]
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Interview: Kiew Chiawen, Principal Investigations Manager at the European Bank for Reconstruction and Development and Ethical Alliance Advisory Council Member
Jul 12, 2016 07:30 pm
Read our recent interview with Kiew Chiawen, Principal Investigations Manager at the European Bank for Reconstruction and Development and member of the Ethical Alliance Advisory Council, to hear his thoughts on anti-corruption and compliance issues and his views on the future of enforcement.
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Hong Kong: ICAC chief claims he alone, and not CY Leung, made decision to remove deputy
Jul 12, 2016 07:00 pm
Hong Kong’s anti-corruption chief took sole responsibility on Monday for removing a top investigator, saying she “failed to meet the job requirements”, and denying the city’s leader had anything to do with the controversial move. Simon Peh Yun-lu, head of […]
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Russia: All Russian officials & politicians may face anti-corruption polygraph tests
Jul 12, 2016 06:30 pm
The Russian public chamber has proposed a nationwide program in which civil servants, politicians and even civil activists undergo universal polygraph tests to detect and purge those previously engaged in corruption schemes. “We propose that these tests are taken by […]
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China: Former China Telecom chairman to face prosecution for corruption
Jul 12, 2016 06:00 pm
Former China Telecom chairman Chang Xiaobing will face prosecution, with the Communist Party wrapping up an internal anti-graft investigation against him. The Central Commission for Discipline Inspection said on Monday that Chang allegedly took bribes, interfered in the anti-graft agency’s […]
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United States: Banker Sitting in U.S. Prison Has a Most Incredible Tale to Tell
Jul 12, 2016 05:30 pm
Eugene Gourevitch, a 39-year-old Berkeley-educated finance whiz, spends his days working in the library in a federal prison in Montgomery, Alabama. He’s serving a five-year sentence for wire fraud related to insider trading. How Gourevitch ended up as an inmate […]
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Tuesday, July 12, 2016

From: Transparency International - Daily Corruption News - 11 July 2016

11 July 2016
Today's top story
Global: Survey: Indian firms best, China worst on transparency
Associated Press (TI mention)
India has the most transparent companies while Chinese firms are the most opaque, according to a global watchdog’s survey released Monday that assesses the efforts of companies in emerging markets to fight corruption.


More news

Blogs and opinion
Philippines: A long haul to end corruption
The National

News from Transparency International
Press release: Emerging market companies show low levels of transparency, allowing corruption to thrive