Bribery, Fraud & Tax Evasion
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 record $450 million fine for fixing rates at which banks lend to each other has been levied on Barclays bank in the UK, shining a light into how banks set - and manipulate - rates at which $360 trillion in international deposits are loaned out every day.
A senior Indonesian general has admitted that the military received massive payments from a U.S. mining company for providing security at a gold and copper mine in the remote eastern province of Papua.
Federal dollars are rolling into the Gulf Coast for hurricane recovery -- and the FBI is finding some fraud, on the part of public officials.
The oily links of the Bush presidency and the GOP do not end with energy and telecom giants like Williams Companies and Enron. On January 18, Williams named to its Board of Directors W. W. "Bill" Hanna, the former vice chairman of Koch Industries, an oil, gas and petrochemical company that was a major contributor to the Bush campaign.
Among the many superlatives associated with Hurricane Katrina can now be added this one: it produced one of the most extraordinary displays of scams, schemes and stupefying bureaucratic bungles in modern history, costing taxpayers up to $2 billion.
The UK Serious Fraud Office has notched up another win in the global interest rate setting scandal by sending three Barclays traders to jail. Of the 20 bankers that have been charged to date, five have been found guilty, six have been let go while nine are to face trial.
In a settlement for bribery allegations related to the construction and expansion of its Bonny Island natural-gas liquefaction facility, Halliburton Co. agreed to pay $35 million to the Nigerian government.
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.