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CorpWatch Exclusives : Displaying 35-54 of 101


Payments to Saudi Generals Investigated in UK Military Contract Bribery Case
by Pratap ChatterjeeCorpWatch Blog
August 29th, 2012
A contract between a British subsidiary of European Aeronautic Defence and Space Company and Sangcom, the communications arm of the Saudi National Guard, is being investigated after Ian Foxley, a former project manager, blew the whistle.

Hanwha CEO Jailed for Four Years
by Pratap ChatterjeeCorpWatch Blog
August 17th, 2012
Kim Seung-youn, the CEO of the Hanwha group in South Korea, has been sentenced to four years in prison and fined $4.5 million. The jail time marks an unusual departure for the Korean judiciary who typically issue suspended sentences when prominent business bosses are found guilty.

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.

Pfizer Admits Bribery in Eight Countries
by Pratap ChatterjeeCorpWatch Blog
August 8th, 2012
Pharmaceutical giant Pfizer has agreed to pay a total of $60.2 million in penalties to U.S. government regulators to settle documented charges of bribery in eight countries: Bulgaria, China, Croatia, Czech Republic, Italy, Kazakhstan, Russia, and Serbia.

Hospital Corporation of America Allegedly Profited From Questionable Cardiac Procedures
by Pratap ChatterjeeCorpWatch Blog
August 7th, 2012
Hospital Corporation of America (HCA) – the world’s largest operator of private clinics and hospitals – has come under the spotlight for performing unnecessary cardiac procedures, notably in Florida.

Congo Copper Mine Deals Questioned
by Pratap ChatterjeeCorpWatch Blog
August 2nd, 2012
Eurasian Natural Resources Corporation has won a $101.5 million license to dig for copper in the Democratic Republic of Congo. The company has been questioned by Global Witness for possible links to corrupt Congolese officials.

Nomura CEO Resigns Over Insider Trading Scandal
by Pratap ChatterjeeCorpWatch Blog
July 26th, 2012
Kenichi Watanabe and Takumi Shibata, the CEO and chief operating officer of Nomura, have resigned over several recent insider trading scandals at the Japanese multinational conglomerate. The revelations are the latest in a series of events that have shone a welcome spotlight on seamier side of the financial industry.

HSBC Bank Apologizes for Laundering Mexican Drug Cartel Money
by Pratap ChatterjeeCorpWatch Blog
July 20th, 2012
HSBC, one of the world’s largest banks, has been accused of laundering money for Mexican drug cartels. At a hearing conducted by the U.S. Senate earlier this week, David Bagley, HSBC's head of compliance, apologized and resigned.

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.

Barclays Bank Fine Reveals Global Rate Setting Scandal
by Pratap ChatterjeeCorpWatch Blog
July 6th, 2012
A record $450 million fine for fixing rates at which banks lend to each other has been levied on Barclays bank in the UK, shining a light into how banks set – and manipulate - rates at which $360 trillion in international deposits are loaned out every day.

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.

Whale Wars: Hedge Funds Rob Banks, and the Poor Suffer Most
by Pratap ChatterjeeCorpWatch Blog
May 30th, 2012
One rich bank (JP Morgan) lost money to a rich hedge fund (Saba). Surely that is a zero sum game: They swap mansions and yachts, their partners swap diamonds and butlers, and it makes no difference to the rest of us. Or are they robbing us?

Bailing out Germany: The Story Behind the European Financial Crisis
by Pratap ChatterjeeCorpWatch Blog
May 28th, 2012
A large chunk of the Eurozone bailouts are for speculative schemes that were handed out by banks in just four countries Belgium, France, Germany and the UK. So why are Greece, Ireland, Italy, Portugal and Spain being blamed? And who is really getting bailed out?

Budweiser's Buddies in Brussels
by Pratap ChatterjeeCorpWatch Blog
May 16th, 2012
Jean-Luc Dehaene, a Member of the European Parliament from Belgium, recently accepted shares worth $4.2 million in the company that makes Budweiser and Stella Artois. What’s remarkable is that he forgot to mention this as a potential conflict of interest.

Hedge Funds Handed New Loophole to Make Money
by Pratap ChatterjeeCorpWatch Blog
May 7th, 2012
Hedge funds were just handed an opportunity to make even more money under a new law signed by President Barack Obama last month. Consumer advocates say that unsophisticated investors may be at risk as a result.

Bribing Mexico: Walmart Accused of Corruption
by Pratap ChatterjeeCorpWatch Blog
April 21st, 2012
Eduardo Castro-Wright, the former CEO of Walmart Stores USA, has been accused of orchestrating a $24 million bribery scheme to expand the company's presence in Mexico between 2002 and 2005. The alleged scheme involved a series of payoffs to Mexican city governments, according to an investigation by the New York Times

Lobbyists Pose Conflicts of Interest At European Food Agency
by Pratap ChatterjeeCorpWatch Blog
April 19th, 2012
Should lobbyists for biotech and food companies make the rules on what kind of food you have in your kitchen? Meet Mella Frewen, Suzy Renckens and Harry Kuiper: Three examples of how the industries take advantage of the European Food Safety Agency(EFSA) failure to properly regulate conflicts of interest.

Vampire Squid Update: SEC Fines Goldman For Huddles
by Pratap ChatterjeeCorpWatch Blog
April 13th, 2012
Goldman Sachs will pay out $22 million to the Securities and Exchange Commission to settle charges of insider trading. Company researchers were accused of holding weekly “huddles” with investment bankers and traders to provide them with stock tips for preferred clients.

Mining Maverick Resigns from Rainmaking at JP Morgan
by Pratap ChatterjeeCorpWatch Blog
April 5th, 2012
Ian Hannam, a senior JP Morgan banker and ex-soldier, who helped finance a number of flamboyant and controversial mineral extraction projects from India to Tanzania over the last couple of decade, has resigned, after being fined $720,000 for insider trading by the UK Financial Services Authority.

Washington Losing Poker Game in Kabul
by Pratap ChatterjeeCorpWatch Blog
March 8th, 2012
Mahmoud Karzai, brother to the Afghan president and Abdul Hasin Fahim, brother to the vice-president, are the real symbols of corruption in Afghanistan. Kabul Bank has helped finance their shady deals and contracts with the U.S. military

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