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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 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.

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.

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.

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.

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).

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, 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 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 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.