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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.
US financial regulators have charged 69 firms for breaking new corporate laws brought in after a wave of scandals.
When the Securities and Exchange Commission came under congressional fire this year for its handling of an insider trading probe into hedge fund Pequot Capital, Senator Charles Grassley said the episode showed that whistle-blowers were "as welcome as a skunk at a picnic".
South Korea's corporate watchdog said Thursday that it fined Hyundai Motor Co., the country's No. 1 automaker, and its four affiliates more than 60 billion won (US$63.9 million) for 'unfairly' supporting other units.
A supplier and two employees of the furniture giant Ikea have admitted to using bribes in purchasing deals.
The head of a firm hired to audit Iraqi reconstruction spending is under investigation for violation of conflict of interest laws.
BAE Systems is facing a class-action lawsuit in the US related to alleged bribery, which could lift the lid on the inner workings of the defence company.
MPs and Amnesty International demand to know if a Nottingham-based company has breached the United Nations arms embargo
Unicef and McDonald's have agreed ''to team up to raise money on behalf of the world's children.'' This perilous partnership is to be launched on November 20, 2002 -- a day that used to be known in Unicef circles as the anniversary of the 1989 adoption of United Nations Convention on the Rights of the Child. Unicef now calls November 20th ''McDonald's World Children's Day.''
The Justice Department crackdown on corrupt practices overseas ensnares both U.S. and foreign companies
A federal grand jury in Houston has charged a former executive of a Willbros Group subsidiary with conspiring to bribe Nigerian officials as part of an alleged scheme to win a major natural gas pipeline contract.
Billy Rautenbach, a former kingpin of the mining world in southern Africa becomes the newest "persona non grata" in the new DRC regime's attempt to rid its mining industry of corruption.
An Oxford economist has a new and potentially powerful idea: setting up an voluntary international charter to guide transparency efforts in resource-rich developing countries, in order to stave of corruption.
Conrad M. Black, the gregarious press tycoon also known as Lord Black of Crossharbour, was found guilty today by a Chicago jury of three counts of mail fraud and one count of obstruction of justice. He could face up to 35 years in prison.
An unfolding national scandal on the large-scale abuse of child labourers in the brick kiln industry raises questions on the adequacy of planned labour laws that are supposed to take on sweatshops and protect workers' rights.
The former chief of the Internet unit at Enron has been sentenced to 27 months in prison for helping mislead investors in the fraud that sent Enron, the world's largest energy trader, into bankruptcy.