Shuanghui International’s acquisition of Smithfield is certainly interesting. I would like to pose a possible theory on why the Chinese selected this company.
‘With the passage of centuries, whole cultures of malfeasance came and went, bringing with them innovative approaches to influence-peddling. The Ming dynasty of China saw the proliferation of so-called “elegant bribery,” through which gifts of artwork, snuff bottles, and sumptuous calligraphy came to adorn the homes of the freshly greased.… Continue Reading
If it goes through, Shuanghui International’s $4.7 billion bid to take over Smithfield Food Inc., the U.S.’s leading pork producer, would be the biggest-ever acquisition of a U.S. firm by a Chinese company.… Continue Reading
In the fourth biggest FCPA case ever, French oil giant Total S.A. agreed Wednesday to pay $398 million in penalties and disgorgement for bribing an Iran official to gain access to oil and gas fields.… Continue Reading
According to China’s anti-corruption man of the hour, journalist Luo Changping economic reforms won’t be enough to curb the country’s corruption pandemic.
His new book examines 120 corruption cases involving high-profile Chinese officials.… Continue Reading
David Barstow of the New York Times described to Democracy Now how Wal-Mart de Mexico allegedly used massive corruption to win approvals for new stores, and how top executives at Wal-Mart’s headquarters in Bentonville, Arkansas learned about the brazen graft but covered it up.… Continue Reading
The long-time leader of Malaysia’s largest state who was featured in undercover footage shot by NGO Global Witness may be one of Asia’s richest people.
Chief Minister Abdul Taib Mahmud, 77, has earned a modest government salary as Sarawak’s ruler for more than thirty years.… Continue Reading