Posts Tagged: Luxembourg
The last five years have seen a dramatic shift in the transparency environment, in a trend that began with Wikileaks launching the Arab Spring, and which is now reaching fruition in the vast data leaks from Luxembourg, Unaoil and Panama.… Continue Reading
A good friend of mine who ended his career as a very senior police officer once gave me an excellent piece of advice. He told me that anyone can manage an organization when things are going well — it is when things become difficult that true leaders emerge.… Continue Reading
The U.S. Justice Department took another big step in its investigation of bribes allegedly paid by Russian and Swedish companies to the eldest daughter of Uzbek President Islam Karimov in exchange for access to the country’s telecoms market.… Continue Reading
Israel’s Bank Leumi will pay $270 million to resolve federal charges and $130 million to settle New York regulators’ allegations that it helped U.S. taxpayers hide assets and income in unreported accounts in Israel and around the world.… Continue Reading
An Italian businessman who built a $350 million empire on cleaning contracts and industrial maintenance was arrested in Spain on charges embezzlement, bankruptcy fraud, money laundering, and tax offenses.
Giovanni De Pierro controlled nearly 100 companies, 174 pieces of real estate, 32 vehicles, and two large yachts, the Organized Crime and Corruption Reporting Project said Monday.… Continue Reading
A unit of Alcoa agreed to plead guilty Thursday in the Western District of Pennsylvania to one count of violating the anti-bribery provisions of the FCPA with a 2004 corrupt transaction.… Continue Reading
The Zambia government has terminated a $210 million closed circuit television camera contract with China’s ZTE because of alleged corruption.
Transparency International (TI) released its eighth annual progress report on the enforcement of the OECD Anti-Bribery Convention today.
The progress report represents an independent assessment of the status of OECD enforcement, based on reports from TI national chapters in 37 OECD Convention countries.… Continue Reading
Three Chinese executives were found guilty of bribery in Algeria and sentenced last week to ten years in prison in absentia.
According to a report on the French language news site Le Soir D’Algerie, ZTE’s Dong Tao and Chen Zhibo and Huawei’s Xiao Chuhfa were accused of paying bribes amounting to $10 million to a senior official working at state-owned Algérie Télécom, through offshore accounts in Luxembourg.… Continue Reading