From Ethical Alliance Daily News (10 June 2016)

World: Disparate laws, low fines mean corporate bribery often pays: OECD
Jun 10, 2016 08:00 pm

A mixed set of rules internationally and low fines in some countries mean that bribery often pays off for companies even when they get caught, inter-governmental think-tank, the OECD, said on Thursday. The Organisation for Economic Cooperation and Development said […]
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United States: Hedge Fund Manager Charged In Connection with NYC Corrections Union Bribery Scandal
Jun 10, 2016 07:30 pm

The union leader for New York City’s prison guards and a hedge fund financier were charged on Wednesday with orchestrating a bribery scheme involving union retirement and operating funds in a case stemming from a wide-ranging federal corruption probe. The […]
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India: India signs up to Europe’s anti-corruption plan
Jun 10, 2016 07:00 pm

India has joined a group of nearly 40 nations that have signed a Europe-led clampdown on tax evasion and corruption, committing to automatically exchange information on beneficial ownership, the UK government said. “The following countries have committed to the initiative […]
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Liberia: Liberia indicts Sable Mining chief executive over alleged bribery scandal
Jun 10, 2016 06:30 pm

A grand jury in Liberia indicted on Thursday the chief executive officer of the London AIM-listed Sable Mining, Andrew Groves, in connection with an alleged bribery scandal involving several senior Liberian officials, the head of a special task force said. […]
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South Korea: Youngest lawmaker faces bribery probe
Jun 10, 2016 06:00 pm

Rep. Kim Su-min of the minority opposition People’s Party ― currently the youngest National Assembly member ― is being investigated on suspicion of receiving kickbacks from her campaign promoters during the general election campaign in April. According to the Seoul […]
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Kenya: Kenya Fires 302 Police Officers as It Fights Corruption
Jun 10, 2016 05:30 pm

A national commission in Kenya announced Thursday it has fired 302 police officers who refused to be vetted as part of reforms of the police force. The reforms are aimed at restoring public confidence in an institution repeatedly implicated in […]
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