Family members of China’s current and prior political leaders are using secret, offshore companies to help hide their wealth in tax havens, a new report says. And some well-known banks and accounting firms have played a significant role in helping them do it.… Continue Reading
SEC attorneys are reviewing the stock holdings of about 3,400 agency employees after some staff in the New York office were found to own securities prohibited by the SEC’s ethics rules.… Continue Reading
One may wonder whether the risk of corruption in Russia is worth the potential profits. There are strong indications that things are turning around and foreign companies may be missing out on great business opportunities if they avoid the region altogether.… Continue Reading
Italian state-owned oil giant Eni SpA said a forensic audit proved the company didn’t pay any bribes in Algeria.
Italian and Algerian government investigators have been examining allegations that officials from Saipem SpA, owned 43% by Eni, paid bribes for contracts in Algeria worth billions of dollars.… Continue Reading
Former Virginia Governor Bob McDonnell and his wife Maureen were charged in a federal indictment Tuesday with taking bribes from a businessman in exchange for political favors.
McDonnell, a Republican, becomes the first governor of Virginia to face criminal charges.… Continue Reading