Bribery, Fraud & Tax Evasion

Between April 2003 and June 2004, $12 billion in U.S. currency--much of it belonging to the Iraqi people--was shipped from the Federal Reserve to Baghdad, where it was dispensed by the Coalition Provisional Authority. Incredibly, at least $9 billion has gone missing, unaccounted for, in a frenzy of mismanagement and greed. Read More

Total SA, reacting Thursday to comments by French President Sarkozy urging the oil and gas giant to refrain from new investment in Myanmar, said it had not made any capital expenditure there since 1998. The military junta that rules Myanmar this week escalated its efforts to repress pro-democracy demonstrations led by thousands of Buddhist monks. Read More

The U.S. Securities and Exchange Commission (SEC) brought charges against 69 accountants for failing to register with the Public Company Accounting Board (PCAB) earlier this week. This somewhat obscure action is the latest ripple in the wave of crackdowns that followed the Enron accounting scandals in 2001 -- to break up the all too cozy relationship between auditors and the multinationals that they are supposed to be policing. Read More

A company controlled by Democratic Party donor Norman Hsu recently received $40 million from a Madison Avenue investment fund run by Joel Rosenman, who was one of the creators of the Woodstock rock festival in 1969. That money, Mr. Rosenman told investors this week, is missing. Read More

Huasco Valley property owners who live below the Pascua Lama gold mine and administer US$3 million yearly in "hush" money given them by mine owner Barrick Gold charged this weekend that their predecessors used Barrick's money for personal gain. Read More

Organized labor often complains of its treatment at the hands of corporate America, but its accusations pale in comparison to those made recently by the widows of Colombian mine workers in an Alabama courtroom. During a two-week trial, a Birmingham jury weighed charges that the local Drummond Coal Company bore responsibility for the murders of three union leaders who represented workers at its Colombian mine - the world's largest open pit mine. Read More

As the Congolese government begins a review of mining contracts, a mining kingpin is deported on unrelated corruption charges, and the World Bank faces accusations of failure to provide oversight of contract deals. Read More

Italian oil giant Eni has a long history of cutting deals with anyone, and of accusations of corruption and bribery. Now that its future hangs on Russia and its notorious reputation in the energy market, has Eni finally met its match? Read More

European commissioners, the continent's regulators, have been criticised by their own watchdog for refusing to divulge details of meetings they and their staff have held with lobbyists. Read More

Over a year after a torrent of liquid mud at an Indonesian oil exploration site inundated four villages, killing almost 100 people, the local community is still awaiting clean-up and proper compensation. This is despite the fact that the drilling company is owned by the family of a senior Indonesian minister. Read More