Bribery, Fraud & Tax Evasion

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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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David Tepper, the founder of New Jersey-based Appaloosa Management, was the world's highest earning hedge fund manager for the second year in a row, according to the Rich List published earlier this month. Tepper earned $3.5 billion in 2012, a major increase on his $2.2 billion take home income in 2012. Read More
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