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Native Tribes Protest Energy Transfer Partners North Dakota Oil Pipeline
by Richard SmallteacherCorpWatch Blog
October 3rd, 2016
Representatives of some 280 indigenous nations have joined a protest on the Standing Rock Sioux reservation in North Dakota to oppose the construction of an oil pipeline by Energy Transfer Partners. If completed, the Dakota Access Pipeline is expected to help move 570,000 barrels of crude daily to Illinois.

Coke and McDonalds Host Carnival of Junk Food Marketing At Rio Olympics
by Pratap ChatterjeeSpecial to CorpWatch
August 15th, 2016
Every four years, billions tune in to watch the Olympics on television. And every four years, major corporations pay millions for prime advertising opportunities as official sponsors. The 2016 Olympics in Rio de Janeiro are no different with Coca-Cola and McDonald's igniting a storm of controversy over their role.

Six Novartis Executives Charged In Illegal Drug Rebate Scheme In South Korea
by Richard SmallteacherSpecial to CorpWatch
August 11th, 2016
Six executives of Swiss pharmaceutical giant Novartis have been indicted in a South Korean bribery scandal. The indictments follow similar charges in China, Turkey and the U.S. and allegations of falsifying drug trial data in Japan. Korean prosecutors have recommended that Novartis sales be suspended for six months.

General Atomics Funded U.S. Think Tank That Promoted Increased Drone Exports
by Pratap ChatterjeeSpecial to CorpWatch
August 8th, 2016
A group of investigative journalists have revealed that General Atomics helped fund the Center for Strategic and International Studies (CSIS), a major think tank in Washington DC, when it recommended that the Obama administration loosen export rules to allow the company sell more remotely piloted military aircraft.

Cyrela, Rio Olympic Construction Contractor, Accused Of Mistreating Workers
by Richard SmallteacherSpecial to CorpWatch
August 5th, 2016
Media attending the Olympic Games in Rio de Janeiro are being housed in apartments constructed by workers "in conditions analogous to slavery" by Cyrela, the largest real estate company in Brazil. The local community has also complained that the construction has ruined the water supply and destroyed forested areas.

Broadspectrum 'Violating' Human Rights At Australian Offshore Detention Centers
by Pratap ChatterjeeSpecial to CorpWatch
August 3rd, 2016
New reports accuse employees of Broadspectrum Limited, the company that has the operating contract to house asylum seekers to Australia in remote island detention centers, of providing appalling living conditions and neglecting the care of their charges.

Panama Papers Leak Reveals Safari Companies In Africa Use Tax Havens
by Richard SmallteacherSpecial to CorpWatch
July 25th, 2016
A number of safari companies in Africa used Mossack Fonseca, a Panamanian law firm, to evade taxes on income from foreign clients, according to data from the ‘Panama Papers’ a leaked cache of 11.5 million documents revealed by the International Consortium of Investigative Journalists (ICIJ).

Greece Raids UBS Executive's Home In Effort To Uncover Swiss Tax Evasion
by Richard SmallteacherSpecial to CorpWatch
July 18th, 2016
Greek tax investigators have raided the house of Christos Sclavounis, the former head of investment banking for UBS. The crackdown is part of an agreement that the country reached with international lenders in order to reduce tax evasion by Greek elites suspected of hiding their income in Switzerland.

Cairn Energy Demands India Pay $5.6 Billion Or Drop Back Tax Claim
by Pratap ChatterjeeSpecial to CorpWatch
July 15th, 2016
Cairn Energy, a Scottish oil exploration company, has demanded that India pay $5.6 billion in compensation for losses that the company claims it has sustained as a result of a tax bill. The company has taken its claim to an arbitration panel under the United Kingdom-India Investment Treaty.

Gilead Avoided $10 Billion In Taxes On Over Priced Hepatitis C Drugs
by Richard SmallteacherSpecial to CorpWatch
July 13th, 2016
Gilead Sciences Inc., a California based pharmaceutical company, has avoided paying $10 billion in taxes by moving its patents to Ireland. This is despite the fact that one of its most profitable drugs was developed with U.S. taxpayer money, according to a new report from Americans for Tax Fairness.

Uruguay Defeats Philip Morris In Major Win For Anti-Smoking Advocates
by Pratap ChatterjeeSpecial to CorpWatch
July 11th, 2016
Uruguay has defeated Philip Morris, the global tobacco giant, in a major international lawsuit over the country's tough anti-smoking regulations. The Swiss-based company sued Uruguay at the World Bank’s International Center for Settlement of Investment Dispute under the terms of a 1991 bilateral investment treaty between Uruguay and Switzerland.

Ugandan Villagers Say Chinese Phosphate Mine Cheated Them Over Land Titles
by Richard SmallteacherSpecial to CorpWatch
July 8th, 2016
Villagers in Tororo district, Uganda, not far from the Kenyan border, say that Guangzhou Dongsong Energy, a company from China, has conspired with the government to cheat them out of their land titles in order to build a $600 million phosphate mine and industrial complex.

Barclays Traders Jailed In Global Interest Rate Setting Scandal But Not Executives
by Pratap ChatterjeeSpecial to CorpWatch
July 6th, 2016
The UK Serious Fraud Office has notched up another win in the global interest rate setting scandal by sending three Barclays traders to jail. Of the 20 bankers that have been charged to date, five have been found guilty, six have been let go while nine are to face trial.

Formosa Plastics Admits Vietnam Steel Plant Caused Massive Fish Kill
by Richard SmallteacherSpecial to CorpWatch
July 4th, 2016
Vietnam has asked Formosa Ha Tinh Steel Corporation to pay $500 million in compensation for dumping toxic waste in Ky Anh that resulted in a massive fish kill on a 120 mile stretch of Vietnam's central coast in the provinces of Ha Tinh, Hue, Quang Binh and Quang Tri.

New Violation Tracker Tool Helps Public Track U.S. Corporate Misconduct
by Pratap ChatterjeeSpecial to CorpWatch
June 29th, 2016
Bank of America leads the list of companies that have paid over $1 billion in penalties and fines to the U.S. government in the last six years. Violation Tracker, a new corporate misconduct database maintained by Good Jobs First, estimates that the North Carolina bank has paid $56 billion.

East European Shoe Factories Often Pay Below Minimum Wage, Says New Report
by Richard SmallteacherSpecial to CorpWatch
June 22nd, 2016
Shoes labeled "Made in Europe" are often assembled in poor East European countries for 'starvation wages' according to a new research report from the Change Your Shoes campaign. The companies whose labor practices were examined include Ara, Bata, Deichmann, Geox, Leder & Schuh AG, Lowa and Zara.

Citadel's Private Stock Market Platform Under Investigation
by Pratap ChatterjeeSpecial to CorpWatch
May 12th, 2016
The U.S. government is investigating Citadel, a Chicago-based hedge firm and market maker that manages some $25 billion in client money, for allegedly giving smaller investors a bad deal. The Department of Justice wants to know if the firm is taking advantage of the complexity of high-speed trading.

Credit Suisse Condemned For Secret Military Loans To Mozambique
by Richard SmallteacherSpecial to CorpWatch
May 9th, 2016
Activists have condemned Credit Suisse and VTB of Russia for lending $850 million to Mozambique in 2013 that was used mostly to buy military equipment, despite telling the public that the money would be used to buy fishing boats.

DESA Employees Arrested In Honduras For Murder Of Activist Berta Cáceres
by Pratap ChatterjeeSpecial To CorpWatch
May 2nd, 2016
Two employees of Desarrollos Energéticos SA (DESA) have been arrested and charged with the murder of Berta Cáceres, an activist who was fighting the Agua Zarca dam on the territory of the indigenous Lenca people in Honduras. DESA was awarded a permit to build the 22 megawatt dam in 2011.

Zupta Scandal Causes South African Government To Intervene To Save Indian Investor
by Richard SmallteacherSpecial to CorpWatch
April 29th, 2016
The South African government has intervened to support the Indian-born Gupta brothers, owners of a sprawling conglomerate with interests from mining to media, following a scandal that suggested that the brothers had accumulated so much power that they could dictate cabinet-level decisions in the country.

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