Bribery, Fraud & Tax Evasion
WASHINGTON -- The multinational firms recently fingered for corrupt practices in the United States may be practicing similar operations on a larger scale in developing countries, say long-time corporate watchdogs.
NEW YORK (September 30) -- New York's attorney general today sought to force five telecommunications executives to give up millions of dollars in profits they earned selling shares in companies going public during the Internet boom.
A subsidiary of Karaturi Global, the Indian flower export multinational accused of land grabbing in Ethiopia and Kenya, has been declared bankrupt by a Dutch court. The company owes some $300,000 in the Netherlands, as well as upwards of $4 million in taxes in Kenya.
LONDON/NEW YORK -- Andersen said most of its U.S. tax partners would join rival Deloitte and Touche on Thursday, as the world's No. 5 accounting firm, facing a criminal charge for its role in the Enron scandal, headed further toward disintegration.
The U.S.-backed Iraqi cabinet approved a new oil law Monday that is set to give foreign companies the long-term contracts and safe legal framework they have been waiting for, but which has rattled labour unions and international campaigners who say oil production should remain in the hands of Iraqis.
A world-famous British scientist failed to disclose that he held a paid consultancy with a chemical company for more than 20 years while investigating cancer risks in the industry, the Guardian can reveal.
A major Dutch arms manufacturer's bankruptcy revealed a secret deal to supply weapons to General Augusto Pinochet of Chile. The man behind the scheme is now a tax exile who appears to be immune from charges of bribery or tax evasion.
The Bush administration has disclosed that U.S. advisors in Iraq played a key role in drawing up contracts between the Iraqi government and five major Western oil companies. The no-bid contracts are expected to be awarded Monday to Exxon Mobil, Shell, BP, Total and Chevron, as well as to several smaller oil companies.
GlaxoSmithKline (GSK) has been accused of bribing doctors in China in order to boost sales. Chinese government officials say they have uncovered evidence of a bribery scheme involving 700 travel agencies who were used to funnel as much as three billion yuan ($480 million) in payments.
Richard M. Scrushy, former chief executive of HealthSouth, allegedly directed staff to "fix" the numbers so the company would continue to meet Wall Street earnings expectations. The company inflated earnings by $2.7 billion.