From: Ethical Alliance Daily News - 2 Sept 2016

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China: China cracked down on bribes … and the Swiss watch industry is collapsing
Sep 02, 2016 08:00 pm
Swiss watch exports have taken a battering in Hong Kong and mainland China since the government cracked down on gift-giving in a drive to reduce corruption. New research from UBS shows that the luxury industry has come a long way […]
Federal prosecutors in Brazil rejected a US$328.2 million deal on Thursday allowing Dutch oil-ship lessor SBM Offshore NV to avoid prosecution for corruption related to its contracts with state-led oil company Petrobras. The decision was made by a federal prosecutor […]
The ‘Malaysian Official 1’ named in the US Department of Justice’s (DOJ) civil suit related to 1Malaysia Development Berhad (1MDB) refers to Prime Minister Najib Razak, says Datuk Abdul Rahman Dahlan. The Barisan Nasional strategic communications director confirmed this during […]
An independent panel commissioned by the Japanese Olympic Committee has found no evidence of wrongdoing in Tokyo’s bid to win the 2020 Summer Games. The bid came under suspicion when it was discovered that officials paid $2.3 million to a […]
Ukraine on Thursday launched an online income declaration system meant to combat corruption among state officials that it hopes will unlock funds from the IMF, but its developer and watchdogs said insufficient political will could undermine the project. A first […]
Swiss authorities have opened criminal proceedings against German football legend Franz Beckenbauer and two former presidents of Germany’s football federation in connection with its successful bid for the 2006 World Cup. The Attorney General’s office in Bern said on Thursday […]

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