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The Lee family, for all its public-relations woes and legal entanglements, remains the dominant shareholder in Samsung, the jewel in South Korea's conglomerate crown.
Nearly two decades after taking the helm of Deutsche Post, Klaus Zumwinkel surrendered to police amid suspicion that he evaded â¬1 million in taxes. The next day, he resigned, becoming the first to fall in a massive probe that has broadened to nine other countries.
Recent scandals, involving such titans as Siemens, Volkswagen and Deutsche Poste, have undermined public trust in the integrity of German corporations, bolstering a growing shift to the left and its social welfare ideals.
A company controlled by the Persian Gulf state of Bahrain accused Alcoa Corp. of a 15-year conspiracy involving overcharging, fraud and bribery.
President Nicolas Sarkozy of France called on the head of Sociéte Générale to resign over a 4.9 billion trading fraud, saying, "That someone earns 7 million doesn't shock me. On one condition: that he takes responsibility."
Klaus Zumwinkel, the CEO of former German postal monopoly Deutsche Post, is under investigation for tax evasion.
In addition to funding conflict, cocoa revenues are believed to have been defrauded for enrichment of persons in both the government and rebel camps. Article also mentions the following corporations: Lev-Ci and Cargill.
Philip Mattera is director of The Corporate Research Project ,
an affiliate of Good Jobs First. The Project is a non-profit center that assists
community, environmental and labor organizations in researching and
Stolen Without a Gun reads like an Anarchist's Cookbook of Corporate Crime and illustrates well how an international money laundering scheme works (including how to nest embezzled funds in a series of quasi-legal Cayman Island bank accounts) while telling the personal tale of Walter Pavlo, Jr., a convicted white-collar criminal who was busted for embezzling $6 million while working at MCI Telecommunications in the mid-1990s.
An oil and gas services company owned by a US buy-out firm on Monday admitted it sought to bribe officials connected to several nationally owned oil companies to improve sales of its software, including Kazakhstan's KazMunaiGas and subsidiaries of China's CNOOC.
In an attempt to tighten controls and improve its image following a bribery investigation that began last year, a German engineering company appoints new board members and senior managers.
The U.S. Securities and Exchange Commission has charged four more former Nortel Networks Corp. executives with accounting fraud, alleging they manipulated reserves to change Nortel's earnings statements on the orders of more senior officers of the Canadian networking equipment maker.