Banking, Finance & Services

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Tax auditor Raphaël Halet leaked over 28,000 documents outlining schemes created by the Luxembourg offices of global accounting firm PricewaterhouseCoopers (PwC) to help companies like Apple, Heinz and Pepsi avoid paying taxes. In 2016, local courts found Halet guilty of stealing documents. In 2023, the European Court of Human Rights ruled that Halet was a whistleblower rather than a criminal. Read More
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Moti Group, a business conglomerate based in Johannesburg, tried to stop amaBhungane, a South African investigative news website, from reporting on leaked documents about an allegedly corrupt mining deal in Zimbabwe. A court-issued gag order was overturned on appeal in July 2023. Read More
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Goldman Sachs bank is a top target of a major new investigation by the U.S. Securities & Exchange Commission (SEC) into the “greenwashing” of investment funds to fool investors. They aren't the only ones: Bank of New York Mellon and Deutsche Bank have also been investigated. At stake is the definition of what constitutes high ratings for 'environmental, social, and corporate governance' (ESG) funds which is not defined in U.S. law. Read More
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Over 1,000 scientists from 25 different countries staged protests during the week of April 4-9 following the release of the new report by the Intergovernmental Panel on Climate Change (IPPC). The protesters, who call themselves the Scientist Rebellion, sought to "highlight the urgency and injustice of the climate and ecological crisis." Read More
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Chuck Collins, author of "The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions," speaks by video with Pratap Chatterjee of CorpWatch about the Pandora Papers, and how a group of offshore consultancy firms design shell companies and trusts to help the very rich to avoid paying taxes. Read More
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Millions of documents leaked to the International Consortium of Investigative Journalists (ICIJ) reveal offshore assets of over 30 world leaders, 130 billionaires and 330 politicians, via 14 firms that offer services to set up secrecy and tax dodging entities. ICIJ has named this data collection the Pandora Papers. Read More
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Three major global consulting firms - Boston Consulting Group, McKinsey Consultants & PricewaterhouseCoopers - have been implicated in helping Isabel dos Santos, daughter of the former president of Angola, become a billionaire allegedly by plundering state coffers. Read More
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The city of Denver, Colorado, recently voted 8-4 not to renew $10.6 million in contracts with CoreCivic and Geo Group, the two largest prison contractors in the U.S. The vote was a response to local concerns over human rights abuse at for-profit prisons and undocumented migrant detention centers. Read More
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