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US: Foggo pleads guilty in Wilkes case: Former CIA official fraudulently sent contracts to friend
by Paul M. KrawzakSan Diego Union Tribune – Washington Bureau
September 30th, 2008
Kyle “Dusty” Foggo, the former No. 3 official in the CIA, pleaded guilty yesterday to fraudulently steering intelligence contracts to his lifelong friend, former Poway defense contractor Brent Wilkes.

MALAYSIA: Murum Dam - Public Funds for Corporate Profit?
by Anil NettoInter Press Service (IPS)
September 27th, 2008
Who will foot the bill for the Murum resettlement? ''Is it Sarawak Energy or will it be passed on directly to the state government and hence the tax payer,'' asked one Sarawak-based activist, who declined to be identified.

WORLD: Oil Companies' "Self-Policing" a Dismal Failure
by Alison RaphaelInter Press News Service (IPS)
September 24th, 2008
The intersection of human rights, the environment and corporate responsibility was highlighted today at a Capitol Hill hearing featuring activists from Burma and Nigeria who underlined the failure to date of "voluntary" controls over major oil companies operating in their countries.

US: Reddy Ice Names Operating Chief, Puts Sales Executive on Leave
by SHIRLEEN DORMANWall Street Journal
September 15th, 2008
Reddy Ice Holdings Inc. has suspended its quarterly dividend, named a new operating chief and put its sales chief on paid leave after finding he violated company policies and is associated with "matters that are under investigation."

US: Federal Oil Officials Accused In Sex and Drugs Scandal
by STEPHEN POWERWall Street Journal
September 11th, 2008
Employees of the federal agency that last year collected more than $11 billion in royalties from oil and gas companies broke government rules and created a "culture of ethical failure" by allegedly accepting gifts from and having sex with industry representatives, the Interior Department's top watchdog said Wednesday.

US: Files Show Governor Intervened With Court
by Ian UrbinaNew York Times
August 13th, 2008
West Virginia Governor Joe Manchin III filed a friend-of-the-court brief in June, arguing the State Supreme Court should review a $382 million judgment against DuPont. The case involves thousands of residents in the area of a DuPont-operated zinc-smelting plant, and the largest civil penalty ever levied against the company, for the dumping of toxic arsenic, cadmium and lead at the plant.

UK-Zimbabwe: BAE linked to Zimbabwean arms dealer
by Christopher Thompson and Michael Peel Financial Times/UK
July 31st, 2008
According to documents seen by the Financial Times, BAE Systems has been linked to Zimbabwean arms trader John Bredenkamp. BAE reportedly paid at least £20m to Bredenkamp via offshore entities in the British Virgin Islands between 2003 and 2005. The payments raise fresh questions about bribery in BAE's dealings.

UK: Law lords: fraud office right to end bribery investigation in BAE case
by David LeighThe Guardian
July 31st, 2008
England's House of Lords ruled that the Serious Fraud Office was lawful in its actions to halt investigations into allegations that BAE Systems ran a £60m "slush fund" and offered sweeteners to officials from Saudi Arabia in return for lucrative contracts.

US: Art Auctions on Cruise Ships Lead to Anger, Accusations and Lawsuits
by JORI FINKELThe New York Times
July 16th, 2008
While overcharging for a product is not in itself illegal, misrepresenting the goods sold can be. The plaintiffs’ central argument hinges on Park West’s description of its appraisals.

INDIA: Decades Later, Toxic Sludge Torments Bhopal
by Somini SenguptaNew York Times
July 7th, 2008
Residents of Bhopal, India continue to suffer from Union Carbide's toxic legacy, this time in the form of toxic waste that still languishes inside a shoddy warehouse on the old factory grounds. Ailments such as cleft palates and mental retardation are appearing in numbers of Bhopali children, raising questions about contaminated soil and groundwater, clean-up, and liability.

Iraq: U.S. Advised Iraqi Ministry on Oil Deals
by Andrew E. KramerNew York Times
June 30th, 2008
The Bush administration has disclosed that U.S. advisors in Iraq played a key role in drawing up contracts between the Iraqi government and five major Western oil companies. The no-bid contracts are expected to be awarded Monday to Exxon Mobil, Shell, BP, Total and Chevron, as well as to several smaller oil companies.

SWITZERLAND: Tax scandal leaves Swiss giant reeling
by Nick MathiasonThe Guardian (UK)
June 29th, 2008
Sending shockwaves through the Swiss financial industry, banking giant UBS is facing accusations from a former senior banker in US courts of massive fraud and corruption. UBS is alleged to have engaged in routine activities aimed at helping its high net worth clients evade hundreds of millions of dollars in taxes, among other matters.

US: Put oil firm chiefs on trial, says leading climate change scientist
by Ed PilkingtonGuardian (UK)
June 23rd, 2008
On June 23, James Hansen, a leading world climate scientist, called for the executives of major fossil fuel companies, including ExxonMobil and Peabody Energy, to be put on trial for crimes against humanity and nature through actions like funding climate skeptics to undermine global consensus around combating climate change.

US: Guilty Plea by Ex-Banker Likely to Aid Probe of UBS
by Evan Perez The Wall Street Journal
June 20th, 2008
A former banker at UBS AG pleaded guilty in federal court to helping a billionaire client evade taxes by hiding $200 million in assets in offshore accounts, in a move expected to aid U.S. prosecutors in their probe of the Swiss banking giant.

US: Prosecutors Build Bear Stearns Case on E-Mails
by LANDON THOMAS Jr.The New York Times
June 20th, 2008
The two men, who were forced out of their jobs last year, are the first senior executives from Wall Street investment banks to face criminal charges stemming from the credit mess, and the investigation by federal prosecutors based in Brooklyn is likely to become a test case of the government’s ability to make successful prosecutions of arcane financial transactions.

KATRINA: Audit Faults KBR's Repairs of Hurricane Damage
by Derek KravitzThe Washington Post
June 18th, 2008
Efforts by defense contractor KBR to repair hurricane-damaged Navy facilities were deemed shoddy and substandard, and one technical adviser alleged that the federal government "certainly paid twice" for many KBR projects because of "design and workmanship deficiencies," the Pentagon's inspector general reported in an audit released yesterday.

US: Army Overseer Tells of Ouster Over KBR Stir
by James RisenNew York Times
June 17th, 2008
Charles M. Smith, the senior civilian overseeing the multibillion-dollar contract with KBR during the first two years of the war, says he was ousted for refusing to approve payment for more than $1 billion in questionable charges to KBR. The Pentagon has recently awarded KBR part of a 10-year, $150 billion contract in Iraq.

US: Big Penalty Set for Law Firm, but Not a Trial
by Jonathan D. GlaterNew York Times
June 17th, 2008
The law firm formerly known as Milberg Weiss Bershad Hynes & Lerach agreed on Monday to pay $75 million to dodge a criminal trial. Misconduct at the firm has severely tarnished the reputation of lawyers representing shareholder claims against corporate corruption.

IRAQ: BBC uncovers lost Iraq billions
by Jane Corbin BBC News
June 10th, 2008
A BBC investigation estimates that around $23bn (£11.75bn) may have been lost, stolen or just not properly accounted for in Iraq.

US: From a Whistle-Blower to a Target
by TIM ARANGOThe New York Times
June 9th, 2008
Mr. Ripp's journey from whistle-blower to defendant is another example of the long shadow cast by the AOL-Time Warner merger, now widely regarded as one of the most disastrous corporate marriages in history. It is also a cautionary tale for corporate executives who may illuminate fraudulent conduct to one government agency but then find themselves a target of another.

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