Bribery, Fraud & Tax Evasion
Sasol and its joint venture partners in Namibia are finally starting to break their silence over a R4-billion oil contract as questions of impropriety mount around the questionable black economic empowerment (BEE) deal.
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).
Four years after the disintegration of the financial system, 24 million people jobless or underemployed. Yet claims of financial fraud against companies like Citigroup and Bank of America have been settled for pennies on the dollar, with no admission of wrongdoing. Executives who ran companies that made, packaged and sold trillions of dollars in toxic mortgages and mortgage-backed securities remain largely unscathed.
McAfee Inc. will pay $50 million to settle accounting fraud charges, ending a long-running investigation by the Securities and Exchange Commission.
Three British companies are facing accusations that they engaged in large-scale fraud in Iraq after it emerged they were paid for "phantom" armoured vehicles destined to protect Iraqi government employees. The vehicles were never delivered, but the companies were paid anyway.
HOUSTON -- Enron Corp., plagued by investor doubts and under the gun to shore up its crumbling finances, said on Thursday it was talking with power trading rival Dynegy Inc. about a possible merger.
As Angolan leader Jose Eduardo Dos Santos wooed President Jacob Zuma this week, some South African companies are furious at having been fleeced out of cash by doing business with the oil-rich country
Almost none of the huge amount of money "loaned" to Greece has actually gone there, writes Joseph Stiglitz, former World Bank chief economist. CorpWatch's EuroZone Profiteers report sheds light on how some of it was used to pay off bad loans made by private-sector banks in France and Germany.
President Bush had good reason to take an interest in Enron's demise. Aside from his close personal ties to the Houston energy giant, nearly three dozen of his senior appointees owned Enron shares upon arriving at the White House last year.