Bribery, Fraud & Tax Evasion

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.
Greek tax investigators have raided the house of Christos Sclavounis, the former head of investment banking for UBS. The crackdown is part of an agreement that the country reached with international lenders in order to reduce tax evasion by Greek elites suspected of hiding their income in Switzerland.
Engineering company NPO Energomash reports that it was approached for a large bribe to reinstate its export license.
Agility, a Kuwait-based multi-billion dollar logistics company spawned by the U.S. invasion of Iraq, is facing criminal charges for over-billing the U.S. taxpayer on more than $8.5 billion worth of food supply contracts in the Iraq war zone. If the lawsuit is successful, the company could owe the U.S. government as much as $1 billion.
How could one of the most wealthy and powerful corporations in the world go bust overnight? It turns out that the 7th largest US business was mostly smoke and mirrors.
There is no real dissent here in Rangoon. People are too scared to be members of any democratic movement. We are all just victims, people like me who are trying to get their lives back.' Ko Min, 47, his wife and two sons were swept up with hundreds of others in a military raid on their village close to the city of Bagan in 2005. The family were put to work, clearing jungle, digging latrines and an irrigation system for a military camp outside Mandalay. (mentions Zarubezhneft oil company)
Caterpillar - one of the world's largest maker of construction and mining equipment - used a subsidiary in Switzerland to avoid paying $2.4 billion in taxes over a period of 13 years, according to a new U.S. Senate report titled 'Caterpillar's Offshore Tax Strategy.'
Two and a half years after the $18-billion (U.S.) collapse of the Parmalat dairy company, a closed-door preliminary hearing opened Monday in Italy's main criminal proceedings to arise from Europe's largest corporate failure.
As Tom DeLay became a king of campaign fundraising, he lived like one too. He visited cliff-top Caribbean resorts, golf courses designed by PGA champions and four-star restaurants - all courtesy of donors who bankrolled his political money empire.