Bribery, Fraud & Tax Evasion

South African prosecutors seized luxury property and vehicles worth some 1.4 billion South African rand ($96.8 million) in early May from contractors and former officials at Eskom, South Africa's state-owned power utility, as they ramped up criminal proceedings over alleged corruption in construction orders for the Kusile Power Station. Read More

Three major global consulting firms - Boston Consulting Group, McKinsey Consultants & PricewaterhouseCoopers - have been implicated in helping Isabel dos Santos, daughter of the former president of Angola, become a billionaire allegedly by plundering state coffers. Read More

Wells Fargo bank, based in San Francisco, California, has agreed to pay the Navajo Nation $6.5 million for its alleged predatory business tactics. The bank was accused of targeting vulnerable members of the Navajo community, including elderly people who did not speak fluent English, with predatory banking practices. The Navajo Nation is the largest government recognized Native American indigenous community with over 350,000 members and a territory that encompasses lands in Arizona, New Mexico and Utah. It has an elected government and its own judicial system. Read More

Uber, the global taxi technology company, has been using a clandestine tool named "Ripley" to thwart government oversight of the ride-sharing company by restricting access to company computers. The tool is named after Ellen Ripley, the heroine of Alien, the science fiction movie series. Read More

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. Read More

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. Read More

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). Read More

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. Read More

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. Read More

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. Read More