Ethical companies will best survive recession / Integrity pacts: an old tool teaches us new tricks / Red Bull heir gets away with murder, anti-corruption officials say

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Ethical companies that respect human rights when lobbying will best survive the post-COVID 19 recession (opinion). “Businesses should carefully consider the potential for corruption risks in their COVID-19-related lobbying activities. The disruption and distraction caused by the pandemic, combined with the need to expedite key decisions, has created the conditions in which practices such as irresponsible lobbying can thrive. This carries the very real risk of causing irreparable damage to a business’s reputation and can lead to hugely damaging legal and financial consequences in the medium to long term.” 

 

 

 

Integrity pacts: an old tool teaches us new tricks. “Corruption in procurement is a red-hot topic right now as reports of overpricing of personal protective equipment (PPE) and fraudulent contracts for medical equipment spring up around the world. Long before the pandemic pushed these issues to the top of the agenda, citizens have grown tired of seeing trillions in public money squandered in contracts that are overpriced or unfairly awarded to bidders who bribe. And even without the looming global economic crisis, investors and donors have been paying closer attention to safeguarding their funds.” 

 

Basel Institute on Governance /Transparency International: https://www.transparency.org/en/blog/integrity-pacts-old-tool-new-tricks# 

 

 

Red Bull heir gets away with murder, anti-corruption officials say police neglected their duties. “Nothing has been done to Red Bull heir Vorayuth “Boss” Yoovidhya who crashed his Ferrari into an officer and killing him back in 2012 and then speeding off. Now anti-corruption officials are saying that officers investigating the fatal hit-and-run accident neglected to fulfil their duties. An investigation by the National Anti-Corruption Commission found intention to exempt Yoovidhya from prosecution on charges of drug abuse and speeding. ” 

 

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