Fixing public procurement systems / Malaysia KPMG settlement / China overseas corruption case

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Fixing public procurement systems with transparency, accountability, and integrity mechanisms (Blog).  “Certainly, this period of economic slow-down is also an opportune moment for governments to utilize public procurement as a strategic instrument to uplift development. Hence, investing in open, transparent, and agile public procurement systems is synonymous with investing in building resilient societies post the pandemic.”

Diana Torres and Sapna Dubey/UNDP: https://www1.undp.org/content/fairbiz/en/home/blog/fixing-public-procurement-systems-with-transparency--accountabil.html

 

Malaysia says auditor KPMG to pay $80 million in 1MDB settlement.  Malaysia said on Thursday audit firm KPMG has agreed to pay a 333 million ringgit ($80.11 million) settlement to resolve all claims related to their fiduciary duties on auditing of 1Malaysia Development Berhad (1MDB) accounts from 2010 to 2012.”

Liz Lee/Reuters: https://www.reuters.com/business/malaysia-says-auditor-kpmg-pay-80-million-1mdb-settlement-2021-09-16/  

   

Corruption in Chinese infrastructure projects in Sudan: Report.  “[Fu Hong Construction, a] Chinese construction firm working in Sudan reportedly earned millions of dollars by inflating the cost and paying kickbacks as quid pro quo, a media report said.”

ANI News: https://www.aninews.in/news/world/others/corruption-in-chinese-infrastructure-projects-in-sudan-report20210919115829/  

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