Bribery, Fraud & Tax Evasion

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A cache of secret documents has thrust HSBC, the world's second largest bank, into the limelight for helping international clients dodge taxes. A series of articles published by the International Consortium of Investigative Journalists is finally pushing reluctant governments to act almost eight years after the original leaks. Read More
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Major energy companies have effectively created a secret law firm of conservative attorneys general to persuade Washington lawmakers to gut environmental regulations, according to an investigation by the New York Times. In return, these senior government officials have received millions of dollars to help them win political campaigns. Read More
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A $3.7 billion contract to build a high-speed rail link between Mexico city and the city of Queretaro has been canceled after Enrique Peña Nieto, the Mexican president, was alleged to have accepted favors from Grupo Higa, a Mexican construction company that was a member of the winning consortium. Read More
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Argentina and Belgium have separately accused HSBC bank's Geneva branch of setting up a network of offshore accounts to help their citizens avoid paying billions of dollars in taxes. The charges are apparently based on a trove of documents provided by Hervé Falciani, a former HSBC employee turned whistleblower. Read More
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Two senior Tanzanian officials were arrested after they failed to produce details of 26 multi-billion dollar agreements signed with Statoil of Norway; the BG Group and Ophir from the UK; and ExxonMobil from the U.S. Opposition politicians want assurances that the money will be spent in a transparent manner. Read More
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Vodafone recently won a rare - but potentially very significant - victory over Indian tax authorities. The Bombay High Court dismissed the government demand for the company to pay 30 billion rupees (about $490 million) for a share transaction conducted in the offshore tax haven of Mauritius. Read More
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One thousand law enforcement officers staged an early morning raid on dozens of businesses in Los Angeles fashion district to seize $65 million allegedly derived from drug trafficking. QT Fashion, a company that imports wholesale maternity wear from China to Mexico, provided a key to the money laundering scheme. Read More
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Paulo Roberto Costa, former head of Petrobras' refining and supply unit, has named dozens of politicians who allegedly took bribes from the Brazilian company. Costa claims that Petrobras paid out three percent of the value of new contracts to the politicians in return for favorable votes for the government. Read More
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