Bribery, Fraud & Tax Evasion
Italian oil giant Eni has a long history of cutting deals with anyone, and of accusations of corruption and bribery. Now that its future hangs on Russia and its notorious reputation in the energy market, has Eni finally met its match?
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.
HOUSTON/SAN FRANCISCO -- Enron Corp. shareholders on Monday charged some of the biggest players on Wall Street with fraud, saying investment banks and securities firms colluded with Enron executives to bilk investors out of at least $25 billion.
The suicide of a top Air Force procurement officer casts a cloud of suspicion, threatening to plunge a service still struggling to emerge from one of its worst scandals into another quagmire.
WASHINGTON -- Abbott Laboratories, Argenbright, Bayer, Coke, Enron, Exxon Mobil, Philip Morris, Sara Lee, Southern Co. and Wal-Mart have been named the 10 worst corporations of 2001, in Multinational Monitor magazine's annual listing.
Fishing communities in the Caribbean island of Trinidad are protesting a $US1.5 billion aluminum smelter that will process raw material from Brazil, Jamaica and Surinam. Cedros Peninsula United, a local organization, says that the factory uses technology that has had serious environmental impacts in countries from China to Iceland and the U.S.
The Cambodian government turns its ire on non-governmental organisations that are critical of Cambodia's environmental policies and the copious relationships between logging companies and Cambodia's political elite and military.
Steve Cohen, the billionaire founder of the most profitable hedge fund in history with $15 billion in assets averaging 30 percent in annual profits for two decades, has become the most watched man on Wall Street. Will he lose all his outside investors and will he go to jail?