Privatization & Procurement
Sun Pharma, India's biggest drug manufacturer, has been sent a warning letter about violations of manufacturing regulations at its Halol plant in Gujarat by the United States Food and Drug Administration (FDA). Indian companies supply as much as 40 percent of the drugs sold in the U.S.
The companies supplying the trains and carriages that run on Britain's railways are facing the threat of a competition inquiry today amid allegations they are ripping off passengers by charging the rail-operating firms too much.
Forget about asking questions relating to the transportation of illegal immigrants back to Mexico, because Wackenhut Corporation, which won a government contract to perform this function in the name of the American people, doesn't have to answer them! The daily transportation of thousands of illegal immigrants back into Mexico has been turned over to a private company that was fired last year for botching security at the headquarters of the Department of Homeland Security.
Julio Ponce, the billionaire owner of Sociedad Quimica & Minera de Chile (SQM), faces ten years in prison for insider trading. A beneficiary of former dictator General Augusto Pinochet, Ponce is charged with buying company shares at below market prices and selling them at a profit.
Four years after the disintegration of the financial system, 24 million people jobless or underemployed. Yet claims of financial fraud against companies like Citigroup and Bank of America have been settled for pennies on the dollar, with no admission of wrongdoing. Executives who ran companies that made, packaged and sold trillions of dollars in toxic mortgages and mortgage-backed securities remain largely unscathed.
Charles M. Smith, the senior civilian overseeing the multibillion-dollar contract with KBR during the first two years of the war, says he was ousted for refusing to approve payment for more than $1 billion in questionable charges to KBR. The Pentagon has recently awarded KBR part of a 10-year, $150 billion contract in Iraq.
The Chilean government has granted Endesa, a Spanish corporation, permission to carry out exploratory studies in the south of the country for the purpose of building four hydroelectric plants, in a move opposed by environmentalists, who are planning several demonstrations.
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.