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CorpWatch Exclusives : Displaying 24-43 of 72


Seven Banks Under Investigation for Global Interest Rate Scandal
by Pratap ChatterjeeCorpWatch Blog
August 16th, 2012
Seven international banks have been served with subpoenas over the global interest setting scandal. Barclays, Citigroup, Deutsche Bank, HSBC, JPMorgan Chase, Royal Bank of Scotland and UBS – have been asked to provide relevant “documents and communications” to the New York attorney-general.

Private Hedge Fund "Alpha" Surveys Allow Wealthy Clients to Profit From "Insider" Views
by Pratap ChatterjeeCorpWatch Blog
July 17th, 2012
BlackRock and Two Sigma Investments – both major hedge funds - have been conducting regular private surveys of brokers for wealthy clients. The practice has raised red flags because of Morgan Stanley's role in the Facebook stock market flotation, as well as insider trading scandals at Goldman Sachs.

Forgiving Siemens: Unraveling a Tangled Tale of German Corruption in Greece
by Lena Mavraka and Vasilis PapatheodorouSpecial to CorpWatch
June 11th, 2012
To understand the pervasive corruption in Greek politics, it is necessary to examine the company that has probably paid the biggest bribes to both major parties: Siemens from Munich, Germany, a company with contracts in practically every ministry from culture to telecommunications.

U.S. Congressional Wartime Commission Targets Armed Contractors
by Pratap ChatterjeeSpecial to CorpWatch
June 23rd, 2010
This week, almost a decade after the U.S. "War on Terror" began, the Commission on Wartime Contracting held two days of hearings into the role of private contractors in conducting and supporting war. The Congressional witness table included Aegis, DynCorp and Triple Canopy. Curiously, Blackwater was not called; and the CEO of Torres Advanced Enterprise Solutions failed to appear.

Afghanistan, Inc.: A CorpWatch Investigative Report (2006)
by Fariba NawaSpecial to CorpWatch
April 30th, 2010
The recent boom in humanitarian aid has an underbelly largely invisible to charity sector outsiders. “Easy money: the great aid scam," packs a biting critique (Linda Polman, The Sunday Times Online, April 25). In 2006, CorpWatch’s "Afghanistan, Inc.", cited by Polman, drilled down on reconstruction dollars, in what’s become known as “Afghaniscam.” We bring our report to you again.

Afghanistan Spy Contract Goes Sour for Pentagon
by Pratap ChatterjeeSpecial to CorpWatch
March 16th, 2010
Mike Furlong, a top Pentagon official, is alleged to have hired a company called International Media Ventures to supply information for drone strikes and assassinations in Afghanistan and Pakistan, according to a complaint filed by the CIA and revealed by the New York Times on March 15.

Agility Attempts to Vault Fraud Charges
by Pratap ChatterjeeSpecial to CorpWatch
February 1st, 2010
Agility, a Kuwait-based multi-billion dollar logistics company spawned by the U.S. invasion of Iraq, is facing criminal charges for over-billing the U.S. taxpayer on more than $8.5 billion worth of food supply contracts in the Iraq war zone. If the lawsuit is successful, the company could owe the U.S. government as much as $1 billion.

Is Halliburton Forgiven and Forgotten? Or How to Stay Out of Sight While Profiting From the War in Iraq
by Pratap ChatterjeeTomDispatch.com
June 3rd, 2009
At Halliburton's recent annual shareholders meeting in Houston, all was remarkably staid as the company celebrated its $4 billion in 2008 operating profits, a striking 22% return at a time when many companies are announcing record losses. Just three months ago, however, Halliburton didn't hesitate to pay $382 million in fines to the U.S. Department of Justice as part of the settlement of a controversial KBR gas project in Nigeria in which the company admitted to paying a $180 million bribe to government officials.

GEO Group, Inc.: Despite a Crashing Economy, Private Prison Firm Turns a Handsome Profit
by Erin RosaSpecial to CorpWatch
March 1st, 2009
While the nation’s economy flounders, business is booming for The GEO Group Inc., a private prison firm paid millions by the U.S. government. Behind the financial success and expansion of the for-profit security company, there are increasing charges of negligence, civil rights violations, abuse and even death.

A Glittering Demon: Mining, Poverty and Politics in the Democratic Republic of Congo
by Michael DeibertSpecial to CorpWatch
June 26th, 2008
In the DRC, a nation rich in natural resources yet confounded by civil war and endemic poverty, artisanal mining communities are struggling for their livelihoods as foreign multinationals like AngloGold Ashanti rush to cash in.

Ecuador's Yasuni Park: Oil Exploration or Nature Protection?
by Agneta EnströmSpecial to CorpWatch
March 20th, 2008
Permission for Petrobras of Brazil to drill for oil in Yasuni National Park, one of the most biologically diverse places in the world, has been suspended, but some damage has already been done by Swedish construction giant Skanska. Unless new money is found to protect the forest, exploration may resume.

Burying Indonesia’s Millions: The Legacy of Suharto
by Andreas HarsonoSpecial to CorpWatch
February 15th, 2008
Over the last 50 years, a network of cronies helped former Indonesian president Suharto build a business empire and amass a multi-billion dollar fortune. Today his successors face an uphill battle to recover the money even after his death.

QinetiQ Goes Kinetic: Top Rumsfeld Aide Wins Contracts From Spy Office He Set Up
by Tim Shorrock Special to CorpWatch
January 15th, 2008
A Pentagon office that was reprimanded by the U.S. Congress for spying on antiwar activists, has just awarded a multi-million dollar contract to QinetiQ, a British company that employs Stephen Cambone. Cambone, a former aide to Donald Rumsfeld, helped create the very office that issued the contract.

Sunshine Laws to Track European Lobbyists
by Pratap ChatterjeeSpecial to CorpWatch
October 11th, 2007
Some 15,000 lobbyists work in Brussels where they meet secretly with European Union officials to try and influence the rules that govern the 27 countries that together form the world’s most powerful economic bloc. New guidelines will attempt to make this lobbying more public and reveal conflicts of interest.

Lessons of Empire: India, 60 Years After Independence
by Nick Robins and Pratap ChatterjeeSpecial to CorpWatch
August 14th, 2007
60 years after India gained independence, British capital is still exploiting poor communities in its former colony. Centuries after Britain's East India Company -- the world's first multinational -- faced protests in London, a group of villagers continue the tradition of resistance.

Mud and the Minister: A Tale of Woe in Java
by Anton FoekSpecial to CorpWatch
July 20th, 2007
Over a year after a torrent of liquid mud at an Indonesian oil exploration site inundated four villages, killing almost 100 people, the local community is still awaiting clean-up and proper compensation. This is despite the fact that the drilling company is owned by the family of a senior Indonesian minister.

Barrick's Dirty Secrets: Communities Respond to Gold Mining's Impacts Worldwide
May 1st, 2007
A new CorpWatch report details the operations of Barrick Gold in nine different countries, focusing on the efforts on the part of the communities to seek justice from this powerful multinational.
Download Spanish version of report

Mystery of the Missing Meters: Accounting for Iraq's Oil Revenue
by Pratap ChatterjeeSpecial to CorpWatch
March 22nd, 2007
How much crude oil is Iraq actually exporting? Nobody really knows how much is potentially being stolen by corrupt officials because the contractors in charge of fixing the meters have yet to calibrate them, four years after the invasion.

Merck's Murky Dealings: HPV Vaccine Lobby Backfires
by Terry J. AllenSpecial to CorpWatch
March 7th, 2007
Merck's lobbying campaign for mandatory vaccination of school girls provided funding for a prominent women's non-profit. The ensuing uproar has created a backlash against the pharmaceutical giant.

High-Tech Healthcare in Iraq, Minus the Healthcare
by Pratap ChatterjeeSpecial to CorpWatch
January 8th, 2007
Almost four years after the toppling of Saddam Hussein, Iraq’s healthcare system is still a shambles. While most hospitals lack basic supplies, dozens of incomplete clinics and warehoused high-technology equipment remain as a testament to the failed U.S. experiment to reconstruct of Iraq. First in a series of CorpWatch articles.