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In addition to funding conflict, cocoa revenues are believed to have been defrauded for enrichment of persons in both the government and rebel camps. Article also mentions the following corporations: Lev-Ci and Cargill.
Philip Mattera is director of The Corporate Research Project ,
an affiliate of Good Jobs First. The Project is a non-profit center that assists
community, environmental and labor organizations in researching and
Stolen Without a Gun reads like an Anarchist's Cookbook of Corporate Crime and illustrates well how an international money laundering scheme works (including how to nest embezzled funds in a series of quasi-legal Cayman Island bank accounts) while telling the personal tale of Walter Pavlo, Jr., a convicted white-collar criminal who was busted for embezzling $6 million while working at MCI Telecommunications in the mid-1990s.
An oil and gas services company owned by a US buy-out firm on Monday admitted it sought to bribe officials connected to several nationally owned oil companies to improve sales of its software, including Kazakhstan's KazMunaiGas and subsidiaries of China's CNOOC.
In an attempt to tighten controls and improve its image following a bribery investigation that began last year, a German engineering company appoints new board members and senior managers.
The U.S. Securities and Exchange Commission has charged four more former Nortel Networks Corp. executives with accounting fraud, alleging they manipulated reserves to change Nortel's earnings statements on the orders of more senior officers of the Canadian networking equipment maker.
US financial regulators have charged 69 firms for breaking new corporate laws brought in after a wave of scandals.
When the Securities and Exchange Commission came under congressional fire this year for its handling of an insider trading probe into hedge fund Pequot Capital, Senator Charles Grassley said the episode showed that whistle-blowers were "as welcome as a skunk at a picnic".
South Korea's corporate watchdog said Thursday that it fined Hyundai Motor Co., the country's No. 1 automaker, and its four affiliates more than 60 billion won (US$63.9 million) for 'unfairly' supporting other units.
A supplier and two employees of the furniture giant Ikea have admitted to using bribes in purchasing deals.
The head of a firm hired to audit Iraqi reconstruction spending is under investigation for violation of conflict of interest laws.
BAE Systems is facing a class-action lawsuit in the US related to alleged bribery, which could lift the lid on the inner workings of the defence company.
MPs and Amnesty International demand to know if a Nottingham-based company has breached the United Nations arms embargo
Unicef and McDonald's have agreed ''to team up to raise money on behalf of the world's children.'' This perilous partnership is to be launched on November 20, 2002 -- a day that used to be known in Unicef circles as the anniversary of the 1989 adoption of United Nations Convention on the Rights of the Child. Unicef now calls November 20th ''McDonald's World Children's Day.''
The Justice Department crackdown on corrupt practices overseas ensnares both U.S. and foreign companies