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Retailer Wal-Mart Expands Its Bribery Investigation

Posted November 15th, 2012 at 4:30 pm (UTC-5)
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The world’s largest retailer, U.S.-based Wal-Mart Stores, says it is expanding its internal investigation into whether company officials paid bribes to foreign officials to help expand the company’s operations abroad. A year after Wal-Mart revealed that U.S. officials are investigating its Mexican subsidiary, the company said Thursday in a filing with the U.S. Securities and […]

Tags: , , , Posted in Economy

Transparency: Russia, China Most Likely to Pay Bribes

Posted November 1st, 2011 at 9:40 pm (UTC-5)
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An international survey shows that Russian and Chinese firms are the most likely to pay bribes while operating abroad. Berlin-based organization Transparency International issued its latest Bribe Payers’ Index Wednesday. It says Russia is at the bottom of the list of 28 countries prone to paying bribes, while China ranks 27th. The organization that monitors […]

Italy: Berlusconi Investment Arm Ordered to Pay Rival $801 Million

Posted July 9th, 2011 at 10:10 am (UTC-5)
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The investment company of Italian Prime Minister Silvio Berlusconi has been ordered to pay $801 million to a rival business venture after it bribed a judge to win approval of the takeover of a publishing company. A Milan appellate court on Saturday upheld a 2009 lower court ruling against Mr. Berlusconi’s Fininvest company, although it […]

Tags: , , Posted in Europe

FIFA VP Resigns, Bribery Case Dropped

Posted June 20th, 2011 at 12:45 pm (UTC-5)
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Football’s world governing body FIFA has dropped its bribery investigation against vice-president Jack Warner after he resigned all of his positions in international football Monday. The 68-year-old Warner, who also has been the long-time head of the North, Central American and Caribbean Federation , had been suspended last month. Warner, from Trinidad, and Asian football […]

Tags: , , Posted in US

New Chinese Websites Recount Stories of Corruption

Posted June 14th, 2011 at 7:50 am (UTC-5)
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Chinese Internet users are flocking to a rash of new websites where citizens describe how they bribed government officials. One of the sites, called “I Made a Bribe,” attracted more than 60,000 visitors in its first three days. The inspiration for the websites comes from a site created last year by the India-based Janaagraha Centre […]

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