Corruption

Bad Billionnaires: The Uzan Family

Topics: 
Corruption, White-collar crime
Rating: 
0

Joshua E. Keating – September 10, 2010

Estimated worth: Formerly $1.6 billion

Notoriety: The Uzans arrived in Turkey from Bosnia around 1910, building their fortune in construction and banking. By 2001, they had made their way onto the Forbes rich list. Cem Uzan, the family's current patriarch, set up the country's first private television network and founded an opposition political party, earning himself comparisons to Italy's mogul-turned-prime minister, Silvio Berlusconi.

Unfortunately, Uzan also appeared to share some of Berlusconi's predilection for shady business practices. At one point, the family was facing more than 100 criminal charges in the Turkish court system, ranging from libel to money laundering.

Istanbul court issues arrest warrant for Uzan family over money laundering

Topics: 
Corruption, White-collar crime, Financial industry
Rating: 
0
Cem Uzan

May 26, 2011

An İstanbul court on Thursday issued arrest warrants for five members of the Uzan family as part of an ongoing case in which they stand accused of laundering illegally obtained money.

The İstanbul 10th High Criminal Court ordered the arrest of Kemal Uzan, Yavuz Uzan, Melahat Uzan, Murat Hakan Uzan and Ayşegül Uzan. None of the five suspects attended Thursday's hearing. Lawyers from the Savings Deposit Insurance Fund (TMSF) were also present during the hearing.

Probe into alleged graft at Chinese telcos

Topics: 
China, Corruption, Telecoms industry
Rating: 
1

Shen Jingting – May 31, 2011

BEIJING - Chinese authorities have launched a large-scale investigation into the country's three largest State-owned telecom carriers on suspicion of corruption, after a series of dismissals of top-level executives and financial scandals rocked China Mobile Communications Corp, Chinese media alleged.

The Party's top anti-corruption watchdog, the Central Commission for Discipline Inspection, has dispatched investigation teams to China Mobile, China Unicom Ltd and China Telecom Corp Ltd, Caing.com reported.

Indian MP held over telecom scandal

Topics: 
Corruption, India, Telecoms industry
Rating: 
1

Pratap Chakravarty – May 20, 2011

NEW DELHI — An Indian MP and daughter of a political kingmaker on Friday became the latest powerful figure to be remanded custody over a telecom scandal that may have cost the country up to $39 billion.

A New Delhi court ordered that Kanimozhi, who uses one name, "be taken into custody forthwith" in connection with the scandal, after her bail application was rejected.

G8 Supports (But Does Not Require) Mandatory Disclosure for Mining and Oil Companies

Topics: 
Corruption, White-collar crime, Mining, Resources industry
Rating: 
2

Aruna Viswanatha – May 27, 2011

The G8 endorsed on Friday laws that require mining and oil companies to disclose payments they make to governments, marking the first time the group of top economies explicitly supported such mandatory reporting.

The step paves the way for the possibility the larger Group of 20 club — which includes China and Brazil — could support mandatory country-by-country reporting of such payments when it meets later this year.

Corruption Inquiry Leads FIFA to Bar Two More Officials

Topics: 
Corruption, Sport
Rating: 
1

Jeré Longman – May 29, 2011

World soccer’s corruption scandal continued to widen Sunday with the suspension of two more powerful officials from the executive committee of FIFA, the sport’s governing body.

Also, an ethics panel found no wrongdoing by the FIFA president, Sepp Blatter, clearing him to run unopposed for a fourth term. The vote is scheduled for Wednesday.

Canada soft on corruption: editorial

Topics: 
Corruption, Transparency International, OECD
Rating: 
3

Ottawa Citizen Editorial – May 24, 2011

Tough on crime at home, maybe, but Canada is developing a reputation as not being tough enough when it comes to stopping corruption and bribery by businesses and individuals working overseas.

Transparency International has scolded the Canadian government for lack of progress in cracking down on bribery and corruption, an embarrassing public outing at a time when Canada’s international reputation (in light of our recent failure to win a seat on the UN Security Council) is already somewhat tarnished.

Construction firm with alleged mob ties goes bust

Topics: 
Corruption, Organized crime, Construction industry
Rating: 
0

Andrew McIntosh – May 17, 2011

A major Quebec construction company has gone bust three months after police arrested its embattled owners, members of Montreal's Zambito family, on sweeping corruption and collusion charges, according to new documents filed by bankruptcy trustee Price Waterhouse.

Constructions Infrabec collapsed after its main lender, HSBC Canada, called $6.8 million in loans and lines of credit in early March. Infrabec's death was sealed late last week after the company failed to meet a court-ordered deadline to make a proposal to settle its debts with its creditors under federal bankruptcy laws.

Soccer Governing Body Launches Probe Into Four Officials

Topics: 
International, Corruption, Sport
Rating: 
1

May 26, 2011

Fifa has launched an investigation into the conduct of four officials, including vice-president Jack Warner and presidential candidate Mohamed bin Hammam.

The probe relates to bribery allegations made by executive committee member Chuck Blazer, the general secretary of the CONCACAF federation.

Canadians score high on 'better life', but not our political system

Topics: 
Corruption, OECD
Rating: 
0

David Beers – May 24, 2011

A lot of Canadians may be high-fiving over news their country ranked high on a new "better life index." Duff Conacher of Democracy Watch isn't one of them. He sees signs of a sick political system in the just released findings by the Organization for Economic Cooperation and Development.

"Many people will likely be surprised that Canada ranks only 14th out of the 34 OECD countries in governance, the lowest ranking it received in the 11 categories scored by the OECD," says Conacher, whose independent organization watchdogs good government issues.

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