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Formosa Plastics Admits Vietnam Steel Plant Caused Massive Fish Kill
by Richard SmallteacherSpecial to CorpWatch
July 4th, 2016
Vietnam has asked Formosa Ha Tinh Steel Corporation to pay $500 million in compensation for dumping toxic waste in Ky Anh that resulted in a massive fish kill on a 120 mile stretch of Vietnam's central coast in the provinces of Ha Tinh, Hue, Quang Binh and Quang Tri.

New Violation Tracker Tool Helps Public Track U.S. Corporate Misconduct
by Pratap ChatterjeeSpecial to CorpWatch
June 29th, 2016
Bank of America leads the list of companies that have paid over $1 billion in penalties and fines to the U.S. government in the last six years. Violation Tracker, a new corporate misconduct database maintained by Good Jobs First, estimates that the North Carolina bank has paid $56 billion.

East European Shoe Factories Often Pay Below Minimum Wage, Says New Report
by Richard SmallteacherSpecial to CorpWatch
June 22nd, 2016
Shoes labeled "Made in Europe" are often assembled in poor East European countries for 'starvation wages' according to a new research report from the Change Your Shoes campaign. The companies whose labor practices were examined include Ara, Bata, Deichmann, Geox, Leder & Schuh AG, Lowa and Zara.

Citadel's Private Stock Market Platform Under Investigation
by Pratap ChatterjeeSpecial to CorpWatch
May 12th, 2016
The U.S. government is investigating Citadel, a Chicago-based hedge firm and market maker that manages some $25 billion in client money, for allegedly giving smaller investors a bad deal. The Department of Justice wants to know if the firm is taking advantage of the complexity of high-speed trading.

Credit Suisse Condemned For Secret Military Loans To Mozambique
by Richard SmallteacherSpecial to CorpWatch
May 9th, 2016
Activists have condemned Credit Suisse and VTB of Russia for lending $850 million to Mozambique in 2013 that was used mostly to buy military equipment, despite telling the public that the money would be used to buy fishing boats.

DESA Employees Arrested In Honduras For Murder Of Activist Berta Cáceres
by Pratap ChatterjeeSpecial To CorpWatch
May 2nd, 2016
Two employees of Desarrollos Energéticos SA (DESA) have been arrested and charged with the murder of Berta Cáceres, an activist who was fighting the Agua Zarca dam on the territory of the indigenous Lenca people in Honduras. DESA was awarded a permit to build the 22 megawatt dam in 2011.

Zupta Scandal Causes South African Government To Intervene To Save Indian Investor
by Richard SmallteacherSpecial to CorpWatch
April 29th, 2016
The South African government has intervened to support the Indian-born Gupta brothers, owners of a sprawling conglomerate with interests from mining to media, following a scandal that suggested that the brothers had accumulated so much power that they could dictate cabinet-level decisions in the country.

Malaysian Palm Oil Giant, IOI, Suspended By Industry Body Over Environmental Record
by Pratap ChatterjeeCorpWatch Blog
April 11th, 2016
IOI, the second largest producer of palm oil in Malaysia, has been kicked out of an industry group that certifies sustainability practices, for environmental and labor violations. As a result, dozens of companies, including the makers of Dove soap, M&M's and Kellogg's Corn Flakes, have stopped buying from IOI.

Barclays Trial Over Interest Rate Rigging Raises Questions Over Supervision
by Richard SmallteacherCorpWatch Blog
April 8th, 2016
Did a few individual traders in London conspire to rig global interest rates in order to enrich themselves or were they just pawns in an ongoing conspiracy by major banks designed to routinely skim billions from the international financial system?

World Bank Orders Venezuela To Pay Crystallex $1.4 Billion For Gold Mine
by Pratap ChatterjeeCorpWatch Blog
April 6th, 2016
The World Bank's International Centre for Settlement of Investment Disputes (ICSID) has ordered the government of Venezuela to pay US$1.386 billion to Crystallex, a bankrupt Canadian gold mining company, for canceling a 2002 permit to mine for gold in the Imataca Forest Reserve

Ovarian Cancer Victims Win Talcum Powder Lawsuits Against Johnson & Johnson
by Richard SmallteacherCorpWatch Blog
April 4th, 2016
Johnson & Johnson has been sued by over 1,200 women who blame the company's talcum powder products for their ovarian cancer. Not only are U.S. courts beginning to agree with them, juries have started to award victims millions of dollars in compensation.

Global Oil Companies Allegedly Used Monaco Lobbyist To Pay Bribes For Deals
by Pratap ChatterjeeCorpWatch Blog
April 1st, 2016
Unaoil, a lobbying firm based in Monaco, is being investigated by authorities in Australia, the U.K. and the U.S. for allegedly helping companies around the world pay bribes for oil concessions and contracts. Among the companies under scrutiny is Texas-based Kellogg Brown & Root, former subsidiary of Halliburton.

Garment Factories In Burma Often Violate Labor Laws
by Richard SmallteacherCorpWatch Blog
March 28th, 2016
A new report on garment factories in Burma issued by Action Labor Rights (ALR) estimates that nearly a third of workers were required to work 60 hours or more a week, with almost two thirds reporting that they had no choice in the matter.

Navajo Diné Fight Uranium Resources Inc. Mining Permits In New Mexico
by Pratap ChatterjeeCorpWatch Blog
March 25th, 2016
The Navajo Diné community have notched up a victory over Uranium Resources Inc. decades old plan to dig for uranium at Crownpoint and Churchrock, New Mexico, by successfully appealing a state permit for the Colorado company to dump waste into the Westwater Canyon aquifer.

Volkswagen Dieselgate Scandal Should Be Used To Fund Clean Vehicle Program
by Richard SmallteacherCorpWatch Blog
March 23rd, 2016
Activists say fines paid by Volkswagen to settle the "Dieselgate" scandal should be paid into a fund to help vulnerable populations like school children and low income communities, as punishment for installing software in some 11 million vehicles to enable the cars to cheat on emissions tests.

Sierra Leone Activists Released After Six Weeks Jail For Protesting Socfin
by Pratap ChatterjeeCorpWatch Blog
March 21st, 2016
Sierra Leonian courts have started to release a group of community activists from the Malen Land Owners and Users Association (MALOA) who were jailed recently for taking part in a October 2013 protest at a palm oil plantation operated by Societe Financiere des Caoutchoucs (Socfin).

VimpelCom Pays $795 Million To Settle Uzbekistan Bribery Investigation
by Richard SmallteacherCorpWatch Blog
February 18th, 2016
Netherlands-based telecommunications giant VimpelCom announced today that it would pay U.S. and Dutch authorities $795 million to end an investigation into bribery in Uzbekistan. While the settlement does not reveal the recipient of the bribes, most sources point to Gulnara Karimova, daughter of the Uzbek president.

In Memoriam: Chris Thompson
by Pratap ChatterjeeCorpWatch Blog
January 24th, 2016
Chris Thompson, CorpWatch investigative reporter, died January 21, 2016, at his home in Berkeley, California. He was a fearless reporter and progressive activist and will be missed sorely by his readers, family and friends. This week, CorpWatch republishes some of his work for us and with us.

Failed Watchkeeper Drone To Be Weaponized For Sale To Poland
by Chris ThompsonSpecial to CorpWatch
January 13th, 2016
Thales, the French aerospace company, is hoping to develop a weaponized version of the Watchkeeper drone to sell to Poland. This is despite a series of software glitches and accidents that resulted in many of the first 54 Watchkeepers that were delivered to the UK to be sitting idle.

China Cracks Down On Guangdong Labor Activists
by Pratap ChatterjeeCorpWatch Blog
December 28th, 2015
Seven activists in Guangdong province, a key manufacturing hub in China, have been detained in a major crackdown on labor rights organizers. The arrests follow a steep rise in protests and strikes at factories that have long exploited migrant workers from rural areas with low pay and working conditions.

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