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  • Swedish Ericsson Set to Pay Record Settlement in US Probe

    Telecom equipment producer Ericsson AB expects to pay a record US$1 billion to settle a US corruption probe concerning its conduct in six countries, the companystatement said on Wednesday.

  • US: Russia Today Founder Died in DC Hotel of Head Injuries

    The Washington, DC medical examiner said that Mikhail Lesin, the founder of Russia Today (RT) and close aide of Russian Federation President Vladimir Putin, “died of blunt force trauma to the head,” reported the Washington Post.  

  • VimpelCom To Admit to Corrupt Practices in Uzbekistan

    VimpelCom says it will “acknowledge certain violations of the US Foreign Corrupt Practices Act and relevant Dutch laws” in its fourth quarter report for 2015 published today.

  • US Court Sentences Russian Nuclear Official in $2.1 Million Bribery Scheme

    A US federal court sentenced Vadim Mikerin to 48 months in prison this week for facilitating a US$ 2.1 million bribery scheme as the middleman between American companies and Russian nuclear officials exporting uranium to the US, reported Reuters.

  • VimpelCom Negotiating Near-Record US$ 775 Million in Bribery Penalty

    VimpelCom Ltd. is in talks with the US Department of Justice (DOJ) to pay a near-record US$ 775 million to settle bribery allegations, according to Bloomberg. Three unnamed sources cited by Bloomberg said the Amsterdam-based telecom giant allegedly paid bribes in Uzbekistan.

  • Those Who Sew Do Not Reap Profit

    vaiki
    LC Waikiki, a fast-growing Turkish apparel company, opens another new store in Tbilisi. Poorly paid workers in the Georgian city of Kutaisi produce LC Waikiki clothing.

    By Nino Bakradze

    You don’t have to go to Southeast Asia to find sweatshops where workers toil under harsh conditions to make clothing for rich Western consumers.  A reporter for the Organized Crime and Corruption Reporting Project (OCCRP) posing as a textile worker found such conditions in the Republic of Georgia.

    Conditions are ripe for abuse in the country of 4-plus million which has no separate labor ministry, no labor inspectors, and an embarrassingly low minimum wage, yet OCCRP found two Kutaisi textile factories that manage to break what labor laws do exist.

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