Ethical Alliance Daily News - 23 Feb 2017


South Korea: Switzerland’s ABB hit by $100 million South Korean fraud
Feb 23, 2017 08:00 pm
Swiss engineering group ABB (ABBN.S) on Wednesday said it fell victim to a “sophisticated criminal scheme” at its South Korean subsidiary, with the chief suspect an executive responsible for ethics training. The executive, named by a source in South Korea...
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The German Economics Ministry want to create a nationwide database aimed at making it easier to block companies found guilty of fraud and other violations from receiving federal, state and local government contracts. A legislative draft viewed by Reuters calls...
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Two men were yesterday jailed for their role in the country’s largest bribery case and Auckland Transport revealed six other staff left their jobs after investigations began into the scandal. The episode has triggered warnings from the Serious Fraud Office...
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The almost three-year-old conflict in eastern Ukraine has weighed on efforts to remake the former Soviet economy. But when it comes to investments, it’s not been the biggest drag. “Investors see three main problems in Ukraine: corruption, corruption and corruption,”...
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The City regulator is investigating HSBC over potential breaches of money laundering rules after concerns raised last year by the anti-crime monitor installed in Britain’s biggest bank. The bank did not disclose the specific concerns raised by the American lawyer...
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Religious agencies are not above investigations by the Malaysian Anti-Corruption Commission (MACC) if there are elements of corruption and offences. Speaking to Bernama, MACC deputy chief commissioner (operations) Datuk Azam Baki said the position and power accorded were not for...
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