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Calling Time on Corruption

corruptionbribery March 12, 2012 0

With the cost to Africa of fraudulent practices estimated at 25 per cent of its gross domestic product, serious steps are now being taken to stop the rot. Has Africa got a grip on

Insurers lost over Rs 30,000 crore due to frauds in 2011: Study

corruptionbribery March 5, 2012 0

Indian insurance companies have borne a loss of over Rs 30,000 crore in 2011 due to different kinds of frauds, a study has claimed. It cited collusion between the

New York: US CEO gets 30 months in jail for bribing Nigerians

corruptionbribery February 25, 2012 0

The former head of US construction company KBR was sentenced to 30 months in prison over the bribing of Nigerian officials to win contracts, the US Justice Department said on Thursday. Albert Stanley, the former

The Steps to Protect Businesses From Corruption and Schemes

corruptionbribery February 23, 2012 0

As companies battle through the recession they will have to aware of fraud and corruption occurring within the organisation. These economic hard times means employees are more likely to commit fraud and engage in

Indian Companies Most Corrupt while Doing Business Abroad

corruptionbribery February 21, 2012 0

In the recent years, the “Made in India” phrase may have gained substantial momentum but the practices remain one of the most abominable in terms of global best practices approach. There has been significant

The Anatomy of Corruption in Public Procurement

corruptionbribery February 20, 2012 0

Public procurement presents significant risk under the U.S. Foreign Corrupt Practices Act (FCPA). Cases like Siemens Argentina, Siemens Venezuela, Johnson & Johnson, and Tenaris highlight the risk. Large amounts of money are at stake

Former Alba Chief Charged In London

corruptionbribery February 17, 2012 0

An Australian executive who once served as CEO of state-owned Aluminium Bahrain B.S.C. ("Alba") was charged on Wednesday in the U.K. with taking bribes

Top 10 Business Scandals and Ponzies in the United States

corruptionbribery February 15, 2012 0

The US has seen many financial and business frauds through the years. Many of these were well thought of and deliberately orchestrated by fraudsters. Others happened when unscrupulous persons took advantage of loopholes in