Bribery, Fraud & Tax Evasion

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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. Read More
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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. Read More
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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. Read More
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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. Read More
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Three major U.S. medical associations - the American Academy of Family Physicians, the American Academy of Pediatrics and the American College of Cardiology - have bowed to pressure from activist doctors to stop accepting corporate donations from Coca-Cola. The campaigners say Coke exerted undue influence over the medical groups. Read More
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