The US Securities and Exchange Commission, in a 200-page memo, outlined measures intended to increase transparency of payments made by US companies to foreign governments that are used to secure contracts in the oil, natural gas, or mining sectors, but some argue that it will not go far enough.
American luxury jewelry retailer Tiffany announced Wednesday that it will begin disclosing the origins of its diamonds as part of an unprecedented transparency initiative in the traditionally opaque industry.
The US Department of Justice is seeking documents from the world’s largest commodities trader, Glencore, over intermediary companies that it uses in Venezuela, the Democratic Republic of the Congo, and Nigeria, Reuters reported on Tuesday.
A federal jury found the former owner of a marble mining company in Afghanistan guilty of defrauding a US. government agency and defaulting on a US$15.8 million loan, the U.S. Department of Justice announced on Monday.
Despite receiving a subpoena over possible corruption from the US Department of Justice, Glencore, the world’s largest mining company, announced a surge in profit in its half-year report, with a 13 percent increase in net income over last year.
Corruption charges against former head of French energy conglomerate Areva in regards to a corporate acquisition have also revealed potential illicit payments made to a Namibian mining company and the country’s president.
Расследования и новости о коррупции и организованной преступности у вас в почте раз в неделю.Язык рассылки – английский.