Bribery, Fraud & Tax Evasion
A fired partner of auditor Andersen refused to testify to Congress on the destruction of evidence in the collapse of energy giant Enron, prompting lawmakers to say he was frustrating their probe.
Merck's lobbying campaign for mandatory vaccination of school girls provided funding for a prominent women's non-profit. The ensuing uproar has created a backlash against the pharmaceutical giant.
Gilead Sciences Inc., a California based pharmaceutical company, has avoided paying $10 billion in taxes by moving its patents to Ireland. This is despite the fact that one of its most profitable drugs was developed with U.S. taxpayer money, according to a new report from Americans for Tax Fairness.
A U.S.-based company is planning a system of elevated highways in Chennai, India, that will despoil natural resources that humans and wildlife have shared for millennia, environmentalists and villagers claim. Wilbur Smith Associates has won approval for the projects, they further charge, through deceptive practices and corporate sleight of hand.
Germany was engulfed in a national furor over threats to privacy on Monday, after an admission by Deutsche Telekom that it had surreptitiously tracked thousands of phone calls to identify the source of leaks to the news media about its internal affairs.
Investment Technology Group (ITG), a U.S. stock broker, paid a $20.3 million fine for running a secret operation named Project Omega to take advantage of "dark pools" trading orders made by its clients. Experts say that Barclays and Credit Suisse may also soon pay fines for dark pools trading scams.
Volkswagen, the German car maker, bowed to public pressure yesterday, saying it would abolish its controversial practice of paying salaries to employees who leave work for full-time politics.
Substandard concrete from Ramirez's now-defunct company was poured into a half-mile stretch of the Bay Bridge's rebuilt western approach. Inferior, less-durable material also was used on a retrofit project at the Golden Gate Bridge, a wastewater treatment plant in Burlingame, the new parking garage in Golden Gate Park, the Municipal Railway's Third Street light-rail line and other projects.