Bribery, Fraud & Tax Evasion

As Bank of America's board meets next week, shareholders have turned up the pressure on CEO Kenneth D. Lewis. Their scrutiny has also turned an unusual spotlight on the oversight role played by the bank's board members.
The turbulence surrounding British Airways, and allegations of its involvement in an alleged price-fixing cartel, strengthened over the weekend with news that a potentially expensive class action law suit has been filed in the US.
Engineering company NPO Energomash reports that it was approached for a large bribe to reinstate its export license.
The U.S. government is investigating Citadel, a Chicago-based hedge firm and market maker that manages some $25 billion in client money, for allegedly giving smaller investors a bad deal. The Department of Justice wants to know if the firm is taking advantage of the complexity of high-speed trading.
Hundreds of pages of recently unsealed court records detail how kickbacks shaped the war's largest troop support contract months before the first wave of U.S. soldiers plunged their boots into Iraqi sand.
Starbucks, the Seattle-based international coffee chain, has been accused of tax avoidance in the UK. Between 1998 and 2011 the company has made £3 billion in sales but paid out just £8.6 million in taxes on sales from its 735 stores in the country.
US anti-bribery investigators are targeting a former Halliburton subsidiary over its work on a key Royal Dutch Shell project in Nigeria, widening a corruption probe into the country's troubled oil industry.
Americans know that corporate excess is about more than flawed accounting. It corrupts democracy, drives a wedge between rich and poor, degrades the environment, and disrupts communities. So what might we the people do?
Tribal outfits and political parties in mineral-rich Kolhan region of Jharkhand are up in arms against development projects, including industries, fearing they would result in large scale displacement of inhabitants and loss of their sources of livelihood.
A former HealthSouth Corp. finance executive was sentenced to a year and a day in prison on Wednesday for his part in the multibillion-dollar accounting fraud that rocked the company.