Wednesday, January 3, 2018

Japan maglev probe / Vietnam crackdown / India pain point

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Japan's maglev corruption probe nets giants Kajima and Shimizu.  An investigation into bid-rigging on contracts for Japan's $80bn maglev project has widened from the Obayashi Corporation to include Kajima and Shimizu. 

Global Construction Review: http://www.globalconstructionreview.com/news/japans-maglev-corruption-probe-nets-giants-kajima-/


Vietnam Widens Crackdown Amid Public Outcry Over Corruption.   Vietnam's first move to prosecute a former politburo member widens the country's crackdown against graft to appease a restless public and protect fast economic growth.

Ralph Jennings/Voice of America: https://www.voanews.com/a/vietnam-anti-corruption-expanding/4168105.html


Corruption a pain point for foreign investors in India: Kroll.  The survey found 69 percent in India as saying they had to pay a bribe, followed by 65 percent in Vietnam. China was much lower at 26 percent while the same for Pakistan was 40 percent.

Money Control: http://www.moneycontrol.com/news/business/economy/corruption-a-pain-point-for-foreign-investors-in-india-kroll-2472241.html

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