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CorpWatch Exclusives

Billionaires & Big Business Line Up To Help U.S. President Elect-Donald Trump
by Pratap ChatterjeeCorpWatch Blog
November 14th, 2016
Billionaire businessmen and lobbyists are lining up to help Donald Trump after his victory in the U.S. presidential election. Trump appears to be welcoming them with open arms, despite his claim to bring change to Washington DC and get rid of special interests.

Swiss Bank UBS May Be Suspended From Doing Business In Hong Kong
by Richard SmallteacherCorpWatch Blog
October 31st, 2016
UBS, the Swiss bank, is being investigated by the Hong Kong Securities and Futures Commission for failing to carry out adequate due diligence before working on share offerings for several Chinese companies. The bank says that it is at risk of being suspended from doing business in the city.

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.

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.

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.

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.

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.

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.

Barclays Trial Over Interest Rate Rigging Raises Questions Over Supervision
by Richard SmallteacherCorpWatch Blog
April 8th, 2016
Did a few individual traders in London conspire to rig global interest rates in order to enrich themselves or were they just pawns in an ongoing conspiracy by major banks designed to routinely skim billions from the international financial system?

Global Oil Companies Allegedly Used Monaco Lobbyist To Pay Bribes For Deals
by Pratap ChatterjeeCorpWatch Blog
April 1st, 2016
Unaoil, a lobbying firm based in Monaco, is being investigated by authorities in Australia, the U.K. and the U.S. for allegedly helping companies around the world pay bribes for oil concessions and contracts. Among the companies under scrutiny is Texas-based Kellogg Brown & Root, former subsidiary of Halliburton.

Volkswagen Dieselgate Scandal Should Be Used To Fund Clean Vehicle Program
by Richard SmallteacherCorpWatch Blog
March 23rd, 2016
Activists say fines paid by Volkswagen to settle the "Dieselgate" scandal should be paid into a fund to help vulnerable populations like school children and low income communities, as punishment for installing software in some 11 million vehicles to enable the cars to cheat on emissions tests.

VimpelCom Pays $795 Million To Settle Uzbekistan Bribery Investigation
by Richard SmallteacherCorpWatch Blog
February 18th, 2016
Netherlands-based telecommunications giant VimpelCom announced today that it would pay U.S. and Dutch authorities $795 million to end an investigation into bribery in Uzbekistan. While the settlement does not reveal the recipient of the bribes, most sources point to Gulnara Karimova, daughter of the Uzbek president.

“Project Omega” Reveals Secrets Of Dark Pools Stock Trading
by Pratap ChatterjeeCorpWatch Blog
August 14th, 2015
Investment Technology Group (ITG), a U.S. stock broker, paid a $20.3 million fine for running a secret operation named Project Omega to take advantage of “dark pools” trading orders made by its clients. Experts say that Barclays and Credit Suisse may also soon pay fines for dark pools trading scams.

Soma Oil & Gas Faces UK Criminal Investigation for Somalia Deals
by Richard SmallteacherCorpWatch Blog
August 5th, 2015
British regulators are investigating Soma Oil & Gas, a UK-based company, for allegedly paying bribes to the Somali government in exchange for exploration rights. Under scrutiny is the payment of $580,000 for “capacity building arrangements” at the Ministry of Petroleum in Mogadishu, according to Financial Times sources.

Soco International Accused of Paying Bribes for Congo Oil Exploration
by Richard SmallteacherCorpWatch Blog
June 12th, 2015
Shareholders have demanded that the CEO of Soco International be fired after handwritten receipts for $42,250 in alleged bribes to Congolese army officials were published by Global Witness. At the time, the UK company was exploring for oil in Virunga, a United Nations World Heritage site in eastern Congo.

Traffic, Brazilian Sports Company, at Center of World Cup Football Scandal
by Pratap ChatterjeeCorpWatch Blog
June 8th, 2015
Traffic International, a Brazilian sports media company, has been named as the source of at least $60 million in bribes paid to Fédération Internationale de Football Association (FIFA) officials, the organizers of the World Cup football tournament, to obtain media and marketing rights to international games.

Six Banks Pay $5.6 Billion in Fines for Foreign Exchange Manipulation
by Richard SmallteacherCorpWatch Blog
May 22nd, 2015
Six major international banks – Bank of America, Barclays, Citibank, JPMorgan Chase, Royal Bank of Scotland (RBS) and Union Bank of Switerland (UBS) – have agreed to pay $5.6 billion in fines for rigging global foreign exchange markets. Four of the six have pleaded guilty to criminal behavior, an unprecedented admission.

DaVita Pays $895 Million To Settle Kidney Treatment Fraud Claims
by Richard SmallteacherCorpWatch Blog
May 14th, 2015
DaVita, a company that provides health care to patients with kidney problems, has agreed to pay $495 million to settle whistleblower complaints that the company conspired to overcharge the U.S. government. This is in addition to the $400 million that the company had to pay out last year.

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