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Six Banks Pay $5.6 Billion in Fines for Foreign Exchange Manipulation
by Richard SmallteacherCorpWatch Blog
May 22nd, 2015
Six major international banks – Bank of America, Barclays, Citibank, JPMorgan Chase, Royal Bank of Scotland (RBS) and Union Bank of Switerland (UBS) – have agreed to pay $5.6 billion in fines for rigging global foreign exchange markets. Four of the six have pleaded guilty to criminal behavior, an unprecedented admission.

DaVita Pays $895 Million To Settle Kidney Treatment Fraud Claims
by Richard SmallteacherCorpWatch Blog
May 14th, 2015
DaVita, a company that provides health care to patients with kidney problems, has agreed to pay $495 million to settle whistleblower complaints that the company conspired to overcharge the U.S. government. This is in addition to the $400 million that the company had to pay out last year.

Australian “Free Range” Chicken Company Alleged To Use Exploited Labor
by Pratap ChatterjeeCorpWatch Blog
May 11th, 2015
Baiada, one of Australia’s biggest poultry producers, has been accused of using labor contractors that under pay and exploit foreign visitors on temporary work permits. The company sells Steggles and Lilydale Free Range Chickens to supermarket and fast food chains like Aldi, Coles, KFC and Woolworths.

BP Sued By Mexican Fishing Businesses for Deepwater Horizon Spill
by Richard SmallteacherCorpWatch Blog
May 7th, 2015
British Petroleum (BP) has been sued by some 25,000 Mexican fishing businesses over the 2010 Deepwater Horizon disaster in the Gulf of Mexico. The company says it has paid $1.8 billion in compensation to U.S. businesses but has yet to offer money to those affected south of the border.

Fishing Community Sues World Bank Over Tata Mundra Power Plant
by Pratap ChatterjeeCorpWatch Blog
May 1st, 2015
An Indian fishing community is suing the World Bank in Washington DC over the environmental damage caused by a coal powered plant owned by Tata Power, the largest electricity company in India. The 4,150 megawatt plant is located in the port city of Mundra in Gujarat state.

Deutsche Bank Pays $2.5 Billion Fine For Interest Rate Rigging
by Pratap ChatterjeeCorpWatch Blog
April 27th, 2015
Deutsche Bank has agreed to pay out a record $2.5 billion fine to settle U.K. and U.S. government investigations into allegations of fixing global interest rates, just months after six other banks paid out $4.3 billion on similar charges. Activists say that the banks should have faced criminal charges.

Swedish Paper Manufacturing Giant Blacklisted for Child Labor Practices
by Fatima HansiaCorpWatch Blog
April 20th, 2015
Stora Enso – a Swedish paper manufacturing giant – has been blacklisted after investigations into its supply chain in Pakistan showed that the company was knowingly using child labor. In March, AP7, a major Swedish pension fund, sold off its $4.1 million stake in Stora.

Ernst & Young Pays $10 Million To Settle Lehman Brothers Audit Failure Lawsuit
by Pratap ChatterjeeCorpWatch Blog
April 16th, 2015
Ernst & Young, one of the Big Four auditing firms, has agreed to pay a $10 million to New York state to settle a lawsuit for overlooking accounting gimmicks by Lehman Brothers, the defunct Wall Street bank. The scheme allowed Lehman to hide billions of dollars in bad deals.

UNIQLO, Japanese Fast Fashion Label, Accused of Labor Violations
by Mayu ChangCorpWatch Blog
April 13th, 2015
Chinese factories in Dongguan and Guangzhou that supply UNIQLO - a “fast fashion” label owned by Fast Retailing Co. from Japan - have been accused of endangering their workers’ lives, according to a new report from Students and Scholars Against Corporate Misbehavior (SACOM), a Hong-Kong based labor rights group.

Barrick Gold Compensates Rape Victims in Papua New Guinea
by Richard SmallteacherCorpWatch Blog
April 2nd, 2015
Barrick Gold, the world’s largest gold mining company, has agreed to compensate 14 individuals for violent acts committed near the Porgera mine in Papua New Guinea. Eleven of the cases involved sexual violence such as rape. Some 120 others had previously accepted cash settlements of about $10,000.

Vinci Accused Of Labor Violations on Qatar Construction Contracts
by Richard SmallteacherCorpWatch Blog
March 27th, 2015
Sherpa, a French NGO, has asked courts to investigate Vinci, a French construction company, for violation of migrant workers rights in Qatar. QDVC, a Vinci subsidiary, has €2.2 billion ($2.3 billion) in infrastructure contracts for the 2022 World Cup soccer tournament including a new subway and an orbital highway.

Asylum Seekers Protest Mitie Management of U.K. Detention Center
by Pratap ChatterjeeCorpWatch Blog
March 13th, 2015
U.K. asylum seekers have gone on hunger strike to protest living conditions at Harmondsworth immigration detention centre, which is run by Mitie, a British outsourcing company. The protests come months after Mitie took over from the Geo Group whose contract was canceled after prison authorities found repeated problems.

Florida Tomato Pickers Sign Up New Major Retail Chains For Higher Wages
by Fatima HansiaCorpWatch Blog
March 10th, 2015
The Fresh Market, a major U.S. retail chain, recently joined the Coalition of Immokalee Workers’ Fair Food Program, adding another victory in the battle for humane working conditions for tomato pickers in Florida’s $650 million industry. Thirteen companies including Burger King, McDonald's and Walmart have signed up so far.

Bangladeshi Tribals Evicted For Tea Plantation Expansion
by Pratap ChatterjeeCorpWatch Blog
March 6th, 2015
Syed Tea and Land, a Bangladeshi company, has been accused of using armed men to evict ethnic minority communities in order to expand a tea plantation in Sreemangal in northeastern Bangladesh. The expansion will impact Kandas, Khasis and Tantis who have lived in the area for a century.

Details Of Tax Avoidance Schemes For Wealthy HSBC Clients Revealed
by Mayu ChangCorpWatch blog
February 27th, 2015
A cache of secret documents has thrust HSBC, the world’s second largest bank, into the limelight for helping international clients dodge taxes. A series of articles published by the International Consortium of Investigative Journalists is finally pushing reluctant governments to act almost eight years after the original leaks.

Austrian Catering Company Accused of Discriminating Against Hungarian Employees
by Nicolas KrotzCorpWatch Blog
February 25th, 2015
Do & Co. AG, an Austrian catering company, has been accused of paying its Hungarian staff one third of what it pays Austrian citizens for the same jobs. The employees work on trains operated by the Austrian state railway company making trips between countries in central Europe.

Apple Agrees To Chinese Government Security Audits, Worrying Activists
by Mayu Chang
February 11th, 2015
Apple has agreed to allow the Chinese government run security audits on the new iPhone to prove that there is no back door access for the U.S. government. However, activists say that this agreement could have the opposite effect, allowing China to broaden spying on its own people.

U.S. Government Buys Surveillance Technology To Track Drivers in Real Time
by Pratap ChatterjeeCorpWatch Blog
February 9th, 2015
Local government officials have the ability to track individual drivers in the U.S. in real time and take pictures of the occupants of their vehicles, with new “truly Orwellian” technology purchased from companies like Vigilant Solutions, according to new documents uncovered by the American Civil Liberties Union.

Shell Pays Niger Delta Community $84 Million To Settle Pollution Claims
by Fatima HansiaCorpWatch Blog
February 5th, 2015
The Bodo community in the Niger delta will get £55 million ($84 million) to settle claims of environmental pollution by the Nigerian subsidiary of Shell, the Anglo-Dutch oil giant. Despite the relatively large settlement, many other pollution claims by Nigerian communities affected by Shell remain unresolved.

Australian Uranium Mining Company Accused of Contaminating Lake Malawi
by Mayu ChangCorpWatch Blog
January 28th, 2015
Paladin Energy, an Australian mining company, has been accused of discharging uranium-contaminated sludge into Lake Malawi, which supports 1.7 million people in three countries – Malawi, Mozambique and Tanzania. The company began uranium mining operations in Malawi in 2009 although it suspended operations last year after ore prices fell.

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