Bribery, Fraud & Tax Evasion
Prince Bandar, the head of the Saudi national security council, and son of the crown prince, was alleged in court to be the man behind the threats to hold back information about suicide bombers and terrorists. He faces accusations that he himself took more than Â£1bn in secret payments from the arms company BAE.
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.
Federal prosecutors in Atlanta are looking into whether Public Warehousing and another family-dominated company, Sultan Center Food Products Co., colluded to gouge the U.S. military.
The midterm elections are days away, but the winners are virtually certain: the corporations and conservative operatives like Karl Rove who have taken advantage of the Supreme Court's Citizens United ruling to establish a well-heeled "shadow party" of networked trade associations and G.O.P. front groups.
The head of Airbus and the co-chief of its parent company resigned on Sunday after the disclosure of production delays for the Airbus A380 jumbo plane and an investigation into insider trading, which together have sent its shares tumbling.
Kyrgyzstan's interim government has begun a criminal investigation of local companies that were sources of fuel supplied to the U.S. Manas air base in the Central Asian country, under Department of Defense contracts. Corruption allegations involving supplies to Manas have repeatedly surfaced in Kyrgyzstan and the United States.
ABN Amro Bank, a global banking giant based in the Netherlands, has agreed to pay a total of $80 million in fines for violating regulations to prevent money-laundering, regulators and the bank said yesterday.
Prosecutors pursuing the fraud at Satyam Computer Services Ltd. said Tuesday the Indian technology outsourcer's founder, B. Ramalinga Raju, should be denied bail because he could slow the investigation if released.
Argentina and Belgium have separately accused HSBC bank's Geneva branch of setting up a network of offshore accounts to help their citizens avoid paying billions of dollars in taxes. The charges are apparently based on a trove of documents provided by HervÃ© Falciani, a former HSBC employee turned whistleblower.