Bribery, Fraud & Tax Evasion

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.
Deutsche Bank has agreed to pay out a record $2.5 billion fine to settle U.K. and U.S. government investigations into allegations of fixing global interest rates, just months after six other banks paid out $4.3 billion on similar charges. Activists say that the banks should have faced criminal charges.
Kazakstan's largest oil concessionaire, Tengiz Chevroil, has been threatened with having its license withdrawn because of accusations it breached environmental legislation. Analysts say that in reality, the Kazak government will never take such a step, since this would provoke a major crisis in relations with the United States. The largest shareholder in Tengiz Chevroil is American oil giant Chevron.
Conrad M. Black is handed down a 6 1/2 year prison sentence for removing 13 boxes of documents from the office of his media company, Hollinter International.
The World Bank encouraged foreign companies to destructively log the world's second largest forest, endangering the lives of thousands of Congolese Pygmies, according to a report on an internal investigation by senior bank staff and outside experts.