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Corporations carry out some of the most horrific human rights abuses of modern times, but it is increasingly difficult to hold them to account. Economic globalization and the rise of transnational corporate power have created a favorable climate for corporate human rights abusers, which are governed principally by the codes of supply and demand and show genuine loyalty only to their stockholders.
Pollsters, researchers, even many corporate chiefs themselves say that business is under attack by a majority of the public, which believes that executives are bent on destroying the environment, cooking the books and lining their own pockets.
Senate Democrats demanded on Wednesday that several oil executives explain statements they made to Congress last week about their ties to Vice President Dick Cheney's energy task force.
Oil was meant to bring hope and money to this sleepy fishing town
in Cameroon, but Kribi's residents say they can barely make ends meet.
Senators from both parties demanded Wednesday that several oil executives explain statements they made to Congress last week about their ties to the energy task force led by Vice President Dick Cheney.
Independent auditors confirmed Friday to Volkswagen's senior board many of the details published in news reports in recent months about corrupt dealings by managers in the car company's personnel department.
The world's first ever referendum on banning civilian guns in Brazil failed to pass this past Sunday. Among those profiting are Taurus, the largest small arms producer and manufacturer in Latin America.
Questionable transactions at Refco, one of the world's biggest commodities brokerage firms, began in 1998 and continued until this year, the company said yesterday.
A former broker with the Bank of America Corporation who was acquitted in June on 29 of 33 criminal charges linked to improper mutual fund trading reached a separate settlement with the Securities and Exchange Commission today.
The U.S. multinational Dow Chemical Company -- the new owner of Union Carbide of Bhopal notoriety -- is in Johannesburg to talk sustainable development. Also, in Johannesburg are representatives and supporters of the victims of Union Carbide's gas disaster in Bhopal. Since July 17, 2002, survivors of the world's worst industrial disaster and their supporters have been on a worldwide relay hunger strike. More than 700 people have fasted till date to protest against Dow-Carbide's refusal to acknowledge the pending liabilities in Bhopal, and against the Indian Government's betrayal of the victims merely to protect the interests of the U.S. multinational.
Investigators raided a number of companies connected to the shattered Yukos oil empire, prosecutors said Wednesday, as part of a $7 billion money-laundering probe.
COUNTS of massive corruption within governments weave their way through almost every nation. Yet, the accusations surrounding President Kufuor's involvement in the 'Hotel Scandal' seems negligible and overhand when compared to past and ongoing corruption scandals hitting the headlines elsewhere. It seems a bit of underhand dealing comes with the job. The question arises however, of where does one draw the line?
British officials are seriously concerned about the level of corruption in the Iraqi defense ministry, after the embezzlement of vast amounts of money earmarked for the country's security forces.
Officials from the British Ministry of Defense had already warned US and Iraqi authorities against the squandering of money -- and have been proved right, on a catastrophic scale.
Federal prosecutors say Giffen, a New York investment banker who became an official in Kazakhstan's government, cemented his power by bribing Kazakh leaders with $84 million that Amoco Corp., Mobil Oil Co., Phillips Petroleum Co. and Texaco Inc. paid to win access to Kazakh fields. In January, Giffen goes on trial in federal district court in New York in one of the largest overseas criminal bribery cases ever.