Ethical Alliance Daily News

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United States: ‘Wolf of Wall Street’ Producer in Talks to Settle 1MDB Suit
May 19, 2017 08:00 pm
The producer of “The Wolf of Wall Street” is in talks with the U.S. Justice Department to settle a lawsuit alleging the movie was funded by money siphoned from a Malaysian state investment fund, 1Malaysia Development Bhd (1MDB). Lawyers for...
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Brazil’s Bovespa stock market was briefly halted as investors reacted to corruption allegations against Brazilian President Michel Temer. Stocks plunged more than 10% at the start of trading, prompting circuit breakers to kick in and halt dealings. President Temer was...
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Newly appointed independent Head of Integrity Mohammad Ali Al Kamali has asked the Asian Football Confederation (AFC) to probe circumstances surrounding the prosecution of suspended official Richard Lai, the governing body said on Wednesday. “The allegations contained in Richard Lai’s...
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Corruption scandals have engulfed the government and are now casting a shadow over the island’s EU presidency, Transparency International has warned. The compilers of the Corruption Perception Index told the Times of Malta yesterday they were following the political developments...
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Tanzania’s anti-graft watchdog said on Thursday it had frozen the assets of its chief accountant and planned to charge him with corruption, part of an aggressive anti-graft drive in which thousands of officials have already lost their jobs. President John...
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Zhao Shaolin, a former provincial-level official in east China’s Jiangsu Province, was sentenced by a court in Zhejiang Province to four years in prison Thursday for graft and illegally purchasing foreign exchange. Zhao, a former member of the standing committee...
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Middle East & North Africa - Ukraine - Sri Lanka

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Corruption fuels ongoing conflict. The Middle East and North Africa has been in a decline on the Corruption Perceptions Index (CPI) for years. The region is also ranked as the "least peaceful region" according to the Global Peace Index. Transparency International (TI) argues that corruption, conflict, and security are profoundly intertwined. TI: https://www.transparency.org/en/news/cpi-2022-middle-east-north-africa-corruption-fuels-ongoing-conflict   [Opinion] Ukraine's corruption purge is setting the stage for private investment-driven recovery. Corruption is regarded as a key threat to the Ukrainian economy, depriving public budgets and discouraging foreign direct investments (FDI). The current administration has taken strong anti-corruption action, and the country has witnessed a significant increase in FDI in recent years, says author. DevDiscourse: https://www.devdiscourse.com/article/business/2353089-ukraines-corruption-purge-setting-stage-...
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The Pacific - Nepal - Eastern Europe & Central Asia

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