Underpinning asset declarations / Global finance transparency / India army recruitment
Human Rights Court underpins asset declarations with legal certainty (Blog). “In particular the following points stand out from a new judgement: The right to privacy may not even apply to checking inexplicable wealth of a public official. Based on ‘preliminary findings’ of inexplicable wealth, the burden of proof may shift to the official ‘in order to prove the contrary’. A financial check, as grounds for a dismissal, can go back decades. Furthermore, the Court reflected for the first time on a methodology for calculating inexplicable wealth. To this end, it applied the cash-flow method.”
Tilman Hoppe/On Matters Constitutional: https://verfassungsblog.de/money-talks/
Thank you to Dr. Tilman Hoppe for sharing his blog.
We must clean up global finance to ‘build back better’ (Opinion). “Key to combating corrupt and corrosive finance is ending the secrecy that favours it. The UN [Financial Accountability Transpanrecy & Integrity] panel calls for all countries to have central registries, ideally public, of beneficial ownership information for ‘all legal vehicles’”
Martin Sandbu/Financial Times: https://www.ft.com/content/34aa12d7-fb32-4186-9c73-4bfb2f248265
Army detects corrupt practices in officers' selection procedure, hands over case to CBI. “Based on a proactive operation by Army intelligence agencies, a case of possible malpractice in selection procedures at a centre has come to light. Since the scope of investigation involves multiple agencies including civil entities, the Indian Army has decided to hand over the case to the Central Bureau of Investigation.”