Bribery, Fraud & Tax Evasion
The Army official who managed the Pentagon's largest contract in Iraq says he was ousted from his job when he refused to approve paying more than $1 billion in questionable charges to KBR, the Houston-based company that has provided food, housing and other services to American troops.
The auditor PricewaterhouseCoopers is overhauling its operations in India two months after starting an investigation into fraud at Satyam Computer Services, a software and outsourcing firm whose chairman said in January that he had falsely claimed assets of $1 billion in cash and overstated operating margins.
Former managers working for Custer Battles, a high-profile private security company in Iraq, are accusing the firm of using companies in the Cayman Islands and other "tax haven" countries to fraudulently overcharge on government contracts by tens of millions of dollars.
Two whistleblowers who allege that a Fairfax-based contractor cheated taxpayers out of tens of millions of dollars on reconstruction projects in Iraq can proceed with their lawsuit, a judge has ruled. But parts of the ruling could have negative consequences for those who file similar claims against other contractors, according to a lawyer for the whistleblowers.
Seven international banks have been served with subpoenas over the global interest setting scandal. Barclays, Citigroup, Deutsche Bank, HSBC, JPMorgan Chase, Royal Bank of Scotland and UBS - have been asked to provide relevant "documents and communications" to the New York attorney-general.
The former vice chairman of Wal-Mart Stores, Thomas M. Coughlin, has agreed to plead guilty to federal charges that he defrauded the company of at least $350,000, people close to the negotiations said yesterday.
In the first corruption arrest stemming from the federal money flooding into Louisiana for hurricane cleanup, federal prosecutors on Wednesday charged a parish official with taking kickbacks to arrange a debris-removal contract.
Japanese police investigators raided the offices of Mitsubishi Motors Corp on Sunday on suspicion of concealing customer complaints and recalls from government inspectors for decades, Kyodo news agency reported.
Sasol and its joint venture partners in Namibia are finally starting to break their silence over a R4-billion oil contract as questions of impropriety mount around the questionable black economic empowerment (BEE) deal.