CorpWatch : Corruption

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Corruption

Corruption has many faces - accounting fraud, influence peddling, insider trading, and even the role of lobbying and perks-for-favors. This section examines general questions of ethics, the role of money in politics, and white-collar crime.

News Articles

EUROPE: Spain Sets Up 'Bad Bank' to Buy Toxic Real Estate
by Giles Tremlett, The Guardian
August 31st, 2012
Spain will inject emergency capital into the country's biggest ailing bank, Bankia, as it puts into place reforms to allow loss-making banks to receive eurozone bailout money.

GLOBAL: Revealed: Secret world of global oil and mining giants
by Nick Mathiason, The Bureau of Investigative Journalism
September 19th, 2011
Ten of the world’s most powerful oil, gas and mining companies own a staggering 6,038 subsidiaries with over a third located in ‘secrecy jurisdictions’.

LIBERIA: Hunting for Liberia’s Missing Millions
by Doreen Carvjal, New York Times
May 30th, 2010
How much money did Charles G. Taylor, the deposed president of Liberia, siphon out of his war-shattered country, and where is it? Investigators are developing a new strategy involving filing civil damage claims against companies, governments and international banks that they contend aided Mr. Taylor in illegal transactions.

KYRGYZSTAN: Kyrgyzstan investigating firms that sold fuel supplied to U.S. air base
by Walter Pincus , Washington Post
May 5th, 2010
Kyrgyzstan's interim government has begun a criminal investigation of local companies that were sources of fuel supplied to the U.S. Manas air base in the Central Asian country, under Department of Defense contracts. Corruption allegations involving supplies to Manas have repeatedly surfaced in Kyrgyzstan and the United States.

AFRICA: E Guinea ejected from industry clean-up body
by Tom Burgis, Financial Times
April 16th, 2010
A pioneering initiative aimed at cleaning up the oil and mining industries has ejected Equatorial Guinea from its ranks. The board of the Extractive Industries Transparency Initiative, a voluntary coalition of companies, governments, donors and civil society groups, had been under pressure from activists on granting extensions to 17 states that had missed a deadline to have audits of their industries independently verified.