India courts accountability / China debt industry / 1MDB settlement signed

A people’s court must be open to public accountability (Opinion).  “A people’s court will naturally receive feedback, if not criticism, from the very people it claims to govern. If the Indian judiciary wishes to remain a public governance institution, it must embrace some rules of public accountability that it has long enforced on other institutions of governance in the country.”

Shruti Rajagopalan/Mint: https://www.livemint.com/opinion/columns/a-people-s-court-must-be-open-to-public-accountability-11597676376770.html

 

Implicit Corruption in the Chinese Consumer Debt Industry? A Close Look at Recent Evidence (Blog).  “The paper [by Sumit Agarwal, Wenlan Qian, Amit Seru, and Jian Zhang], entitled “Disguised Corruption: Evidence from Consumer Credit in China,” presents quantitative evidence of an implicit quid pro quo between a large Chinese bank and government officials who wield regulatory authority over the bank.”

Haggai Porat/The Global Anticorruption Blog: https://globalanticorruptionblog.com/2020/08/17/implicit-corruption-in-the-chinese-consumer-debt-industry-a-close-look-at-recent-evidence/

 

Goldman Sachs, Malaysia sign off on US$3.9 billion 1MDB settlement.  “Goldman Sachs and Malaysia have signed an agreement finalising the US bank's US$3.9 billion settlement over the 1MDB scandal…Both parties announced the settlement last month, but the formal signing of the agreement - disclosed by Goldman in a regulatory filing in New York on Tuesday (Aug 18) - completes the process.”

Channel News Asia: https://www.channelnewsasia.com/news/asia/1mdb-goldman-sachs-malaysia-us-3-9-billion-najib-wall-street-13033892