In the 1990s, according to the Justice Department, American businessman James Giffen had the title of counselor to the president of Kazakhstan. His job was to help with “priority investment projects relating to the exploration, development, production, transportation, and processing of oil and gas.”… Continue Reading
Evan Osnos’ Letter from China in last week’s New Yorker included this excerpt from a piece circulating in China (in Chinese only) about the violence in Xinjiang. It’s attributed to Zhong Dajun, described as a prominent economic consultant and former editor at the China Economic Times:
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This problem arises from the corruption of the government.
Frederic Bourke was convicted on Friday of conspiring to violate the Foreign Corrupt Practices Act and the Travel Act, and lying to FBI agents. He was acquitted of money laundering. The judge has already said she will impose less than the 10-year maximum sentence prosecutors have asked for.… Continue Reading
Last week the World Bank announced that Siemens will pay $100 million over the next 15 years to settle corruption charges involving a project in Russia. The money is supposed to go to anti-corruption groups, for compliance training and education programs, as well as helping governments recover assets stolen by crooked leaders.… Continue Reading
China’s new nationwide anti-corruption hotline mentioned earlier is off to a good start. Too good, in fact. During the first week more than 11,000 calls jammed the phones. The China Daily said only one in five calls connected to the hotline because its ten operators were overwhelmed.… Continue Reading
During the second quarter there were, by our count, eleven Foreign Corrupt Practices Act enforcement actions. They involved four companies — three firms resolved criminal or civil charges, or both, and one disclosed an investigation — and 13 individuals who were either indicted, put on trial, pleaded guilty or sentenced.… Continue Reading