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Published by CorpWatch Blog | By Richard Smallteacher | Thursday, June 18, 2015

Nestle says that it will destroy 400 million packets of Maggi brand instant noodles in India worth some Rs 320 crores ($50.5 million). The company made the announcement after the Food Safety and Standards Authority of India found "hazardous" levels of lead in company products and ordered legal action.

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Published by CorpWatch Blog | By Richard Smallteacher | Friday, June 12, 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.

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Published by CorpWatch Blog | By Pratap Chatterjee | Monday, June 8, 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.

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Published by CorpWatch Blog | By Richard Smallteacher | Friday, May 22, 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.

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Published by CorpWatch Blog | By Pratap Chatterjee | Monday, May 11, 2015

Baiada, one of Australia's biggest poultry producers, has been accused of using labor contractors that under pay and exploit foreign visitors on temporary work permits. The company sells Steggles and Lilydale Free Range Chickens to supermarket and fast food chains like Aldi, Coles, KFC and Woolworths.

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