Bribery, Fraud & Tax Evasion
The New York Daily News reported today in an exclusive story that Harken Energy Corp. set up an offshore subsidiary in the Cayman Islands to avoid US taxes during the time President Bush saton Harken's board of directors.
NEC, the Japanese electronics company, Tuesday said that 10 rogue employees placed fake orders worth Y2.2bn ($200m) and accepted kickbacks worth Y500m, which they spent on personal wining and dining.
While most people believe that Enron is an important political issue, the Democrats have not succeeded in turning this to their political advantage. The main fallout, as far as public opinion is concerned, is that a large majority favors, and very few people oppose, campaign finance reform; and a substantial plurality favors a new federal government agency to regulate accounting firms.
Ten of the world's most powerful oil, gas and mining companies own a staggering 6,038 subsidiaries with over a third located in 'secrecy jurisdictions'.
Thousands of villagers raided the North Mara gold mine owned by Barrick Gold Corp on Thursday night and caused damage to various mining equipments worth more than $16 million (approx. 21bn/-).
A huge state-owned Chinese pharmaceutical company that exports to dozens of countries, including the United States, is at the center of a nationwide drug scandal after nearly 200 Chinese cancer patients were paralyzed or otherwise harmed last summer by contaminated leukemia drugs.
The medieval alchemists claimed they could turn ordinary metals into gold. Analysts at Standard & Poors (S&P), Wall Street's top ratings agency, claimed that bad loans to poor people were wildly profitably. A U.S. government investigation alleges that S&P financial analysts are no different from the hucksters of yore.
The U.S. Coalition of Service Industries is the top lobby group in the November WTO meeting in Qatar. The table below looks at 12 heavy hitters in the 67 member Coalition.
Last year, the Securities and Exchange Commission (SEC) began investigating one of the nation's largest hedge funds, Pequot Capitol Management, for possible insider trading. Up until last summer, the inquiry was headed by SEC lawyer Gary Aguirre. His investigation proceeded smoothly, Aguirre claims, until he asked for testimony from former Pequot chairman and Morgan Stanley CEO, John Mack, a top Bush donor.
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.