Internet Center for Corruption Research A Joint Initiative
International and the University of Passau, the Center
publishes an annual ranking of countries by the extent of
perceived corruption in public administration, the Corruption
Corruption Report 2003 The 2003 edition of the Global
Corruption Report focuses on the need for greater access to
information in the struggle against corruption. It explores how
civil society, the public and private sectors and the media use
and control information to combat - or conceal - corruption. The
report is also available in French.
Index A PriceWaterhouseCoopers project ranking countries by
their opacity, i.e. "the lack of clear, accurate,
formal, easily-discernible and widely accepted practices".
Corruption, the legal system and enforcement, economic policies,
accounting guidelines, and regulatory frameworks are all taken
into account in judging opacity.
Official Organizations, Political Parties and Companies
leader to submit evidence to watchdog Iain Duncan Smith is
to submit his own dossier to the parliamentary commissioner for
standards in an effort to refute allegations that his wife Betsy
received parliamentary funds for work she did not do. Guardian,
October 13, 2003.
row: Claims and rebuttal Labour MP George Galloway has
denied claims by the Daily Telegraph newspaper that Iraqi
intelligence documents show he took money from Saddam Hussein's
regime. BBC, 23 April.
Treasury Annual Fraud Reports An analysis of reported fraud
in Government Departments.
faces new 'Steelgate' row Tony Blair is accused of
undermining the British steel industry by his support for Mittal.
BBC, 6 March 2002.
mercantilist fallacy that traps Tony Blair An article by
Samuel Brittan on the lessons of the Mittal affair and similar
controversies. Financial Times, 28 February 2002.
end for headline-grabbing Dame Shirley The unanimous ruling
against Dame Shirley Porter by the law lords marks the official
end of the longest running and biggest local government
corruption scandal in Britain.
The Guardian, December 14, 2001.
reopens row over Hinduja passport A Commons committee is to
re-open the row over the Hinduja passport application by
summoning two Whitehall permanent secretaries to answer
allegations that they obstructed an investigation by
parliament's independent ombudsman, Sir Michael Buckley.
Guardian, June 11, 2002.
the Hinduja trail An account, from an Indian magazine, of
the allegations that the Hinduja brothers were involved in
bribery in connection with defence contracts and applied for
British passports in order to try and avoid extradition to
- Hinduja Affair Timeline An outline of the developments
that led to Peter Mandelson's second resignation from the
banned for three weeks Geoffrey Robinson, the controversial
former minister, was facing a three-week suspension yesterday
from the House of Commons for misleading MPs over a £200,000
payment from a company owned by disgraced Labour tycoon, Robert
Maxwell. The Guardian, October 25, 2001.
Vaz and Geoffrey Robinson Within a week of publishing a
report into alleged links between Europe minister Keith Vaz and
the Hinduja brothers, Elizabeth Filkin, the Commons standards
commissioner, has announced two fresh inquiries - another one
into Vaz and one into the former paymaster general, Geoffrey
Robinson. The Guardian, March 22, 2001.
term snub for MPs' anti-sleaze watchdog Elizabeth Filkin,
the tenacious official who investigates allegations of
misconduct against MPs, has been denied reappointment for a
second term after falling foul of the parliamentary
establishment at Westminster. The Guardian, October 19, 2001.
Spied on the Bundesbank A former British secret agent,
Richard Tomlinson, has alleged that MI6 had a spy in the
Bundesbank code-named Orcada, who provided inside information on
Germany's proposed interest rate movements - a claim that
could almost have come straight from the pages of Nest
Spies Unmasked in London Financial System Reports that the
KGB and its successor the SVR have spied on financial
Gough Equipment Ltd - A Victim of a Cover-Up Alleges that
the British government has acted to conceal and maintain a £1.3
billion fraud against the BA Gough Equipment company.
experiences, the Scott Inquiry, the British Legal System An
account by the former chairman of Astra Holdings, Gerald
Reaveley James, of the inquiry into the arms for Iraq affair.
case of British Tory Treasurer Michael Ashcroft: wealth,
patronage and parliamentary politics An account of the
controversy over reports on his business dealings in Belize,
including allegations involving money laundering that caused
Michael Ashcroft to issue a libel writ against the Times. By
Tony Hyland 4 August 1999.
Times and Michael Ashcroft The Times confirmed that it had
no evidence that Mr Ashcroft or any of his companies have ever
been suspected of money laundering or drug-related crimes.
December 9 1999.
European Union and Member States
scandal hits EC over insider trading The European Commission
was embroiled in a fresh scandal yesterday after police raided
its agriculture fiefdom in Brussels over alleged insider trading
on the grain markets. Daily Telegraph, 17 October 2003.
Backlash: Court Deems Immunity Law Unconstitutional
Italy’s highest court has annulled a controversial legal
immunity law that had shielded top officials from prosecution
while in office. Prime Minister Silvio Berlusconi could now once
again face bribery charges. 14 January 2004.
upstages Italian courts and the French Just two weeks before
he assumes the presidency of the EU, Italian Prime Minister
Silvio Berlusconi will be given immunity by the Italian
parliament which will prevent him from faces corruption charges
while in office. EU Observer, 18 June 2003.
points at Prodi in corruption case The Italian prime
minister Silvio Berlusconi, who is set to take over the EU
Presidency in July, has appeared in court facing accusations of
bribing judges in an attempt to gain control of a state-owned
food company. EUobserver.com, 6 May 2003.
Sprout A publication and website dedicated to revealing to
Europe's 400 million citizens the truth about what is going on
behind their backs and with their money.
Euro-Court corruption: the inside story from Luxembourg
'Whistleblower' Robert Dougal Watt speaks out. A world exclusive
article from Just
and Schreyer face parliamentary grilling EU
Commissioners, Neil Kinnock and Michaele Schreyer face a
grilling in the European Parliament over further damaging
revelations about the state of the Commission’s accounting
system. 18 March 2003.
from reports into Eurostat fraud Three reports have
just been released into a fraud scandal at Eurostat, the
European Union's data-compiling arm. EU Business, 25 September
admits huge Eurostat fraud The European Commission has come
clean and admitted the huge extent of fraud in its statistical
office, Eurostat. EU Observer, 9 July 2003.
to be questioned on Eurostat scandal Budget Commissioner
Michaele Schreyer, Administrative Reform Commissioner Neil
Kinnock and Monetary Affairs Commissioner Pedro Solbes, will
appear before the Budgetary Control Committee to answer
questions by MEPs fraud allegations surrounding the EU's
statistical office, Eurostat, where two of its high officials
have been accused of looting EU funds. EU Obeserver, 16 June
whistleblower hung out to dry Neil Kinnock, the European
Commission vice-president, is to be questioned by MEPs about an
alleged cover-up of mismanagement and cronyism by the EU's
statistics body, Eurostat, after Dorte Schmidt-Brown, a
"whistle-blowing" employee, were ignored. The Daily
Telegraph, 21 July 2002.
accounting worse than Enron, says whistleblower The European
Commission is embroiled in a furious row with its suspended
chief accountant, Marta Andreasen, who claimed its $US98 billion
($181 billion) budget was "massively open to fraud"
because it lacked even Enron's accountancy safeguards. August 3
the Corruption Crusade Over? Across Europe, high-profile
cases are coming to naught. Business Week, November 26, 2001
Italian story Silvio Berlusconi, Italy’s richest
businessman, is expected to become prime minister again,
although his companies have used money from untraceable sources
and he faces allegations of links to the Mafia. The Economist,
26 April 2001.
and Answers on Corruption and Fraud in the European Union
Labour Euro-Safeguards Campaign Bulletin, May 1999.
EU Fight Against Fraud Annual Reports Press releases are
available as well as the full text (in PDF format) of the annual
in Turmoil after Executive Commission Resigns Stunned by
allegations of cronyism and fraud in their ranks, the European
Union's commissioners have resigned.
Paul van Buitenen Report: How the European Commission deals with
its internal irregularities and fraud The full text of the
report that the EU Commission tried to suppress.
Paul van Buitenen Report How the European Commission deals
with its internal irregularities and fraud Paul van Buitenen
Report wrote a book, Fight for Europe, after his report
on fraud was ignored by the EU.
Fraud - a Billion-Dollar Bill A European Commission report
which says the European Union lost a billion dollars in 1998
because of fraud and fiscal irregularities. November 19, 1999
Fraud Spiralling out of Control The EU and its top-heavy
institutions are proving utterly inept at managing their own
programmes in an accountable manner. European Cultural Digest,
of Risk, Speculation and Fraud by Linda Davies. How will
financial speculators react to European Monetary Union? A
novelist who is a former banker imagines the outcome.
Safa and the French Hostage Scandal French President Jacques
Chirac allegedly ordered the payment of $3 million to obtain the
release of 5 French nationals held hostage by Hezbollah. The
illicit ransom payments were apparently intended to bolster
Chirac's chances of defeating the late François Mitterand in
the 1988 presidential elections. Middle East Intelligence
Bulletin. March 12, 2002.
French minister cleared in forgery case France´s new breed
of corruption-busting investigating magistrates suffered an
embarrassing setback when a court acquitted a former finance
minister, Dominique Strauss-Kahn, in his forgery trial.
International Herald Tribune, November 8, 2001.
ex-minister on trial for forgery Ex-finance minister
Dominique Strauss-Kahn is facing charges of forgery, two years
after he was forced to resign from the government when the
allegations surfaced. BBC, 1 October 2001.
judge claims sabotage The French investigating magistrate
who led the main investigation into allegations of corruption
against President Chirac has announced he's retiring, saying
that his work was sabotaged. BBC, 14 January, 2002.
confession claims Chirac ordered cover-up An investigating
judge seized video tapes containing the confessions of the late
Jean-Claude Méry that he had been told to lie to save the
presidential campaign of the Gaullist leader. September 2000.
Français A site devoted to exposing official corruption in
scam trial ends, verdicts November One of France's biggest
ever corruption trials ended after four months of hearings, with
top executives of the formerly state-owned oil company Elf
Aquitaine facing prison terms of up to eight years. A verdict in
their trial is expected on November 12, 2003.
court blocks corruption book A French court has blocked the
publication of a book by Eva Joly, a former investigating
magistrate who exposed corruption at the Elf oil company. BBC,
19 June 2003.
Elf affair - who's who Details of the main figures involved.
Financial Times, April 15, 2003.
Corruption Trial Reaches French Courts The biggest trial in
postwar French history opens in Paris as 37 suspects face
charges of profiting from corruption and illegal kickbacks in
the early 1990s in conjunction with the French oil company Elf-Aquitaine.
Deutsche Welle, 18 March 2003.
former top managers stand trial for embezzling millions in the
1990s One of France’s biggest ever corruption trials
has opened in Paris. Thirty-seven people face charges of
embezzling hundreds of millions of dollars from the formerly
state-owned oil company Elf, as part of a vast network of
government-sponsored sleaze. The Scotsman, 18 March 2003.
French foreign minister acquitted in Elf corruption case The
Paris appeals court has acquitted former French foreign minister
Roland Dumas on charges stemming from a corruption scandal at
the formerly state-owned oil group Elf. 29 January 2003.
elite hit by sleaze claims The disgraced French former
Foreign Minister, Roland Dumas, has accused ministers in the
current government of involvement in a corruption scandal
surrounding the former state-owned oil giant, Elf. BBC, 18 June
ex-minister spared jail term The prosecution asked for a
suspended sentence for Roland Dumas. For his former mistress,
Christine Deviers-Joncour, the prosecutors demanded six months,
for Loik Le Floch-Prigent, former head of the Elf oil company,
22 months, and for his deputy Alfred Sirven, 30 months
suspended. BBC 19 November 2002.
over bar the tears in France's sleaze trial The trial of
former French foreign minister Roland Dumas ended on March 21
but the verdict is not expected until May. He is facing two
years in jail and a multimillion-franc fine if he is found
guilty of misusing funds from the oil company Elf-Aquitaine. The
Guardian, March 22, 2001
on trial over sleaze claims The former French foreign
minister, Roland Dumas, and his ex-mistress have gone on trial
in Paris accused of misappropriating funds from the former
state-owned oil company, Elf. The BBC, 22 January, 2001.
Scandal Threatens to Engulf French Presidency An article on
the World Socialist Web Site by By Gerard Naville, 16 September
1998, on allegations against Alain Juppé and Jacques Chirac.
blow to Schröder as minister is fired over sleaze claim
Rudolf Scharping, Germany's defence minister, was replaced after
it was reported that he had taken payments from a PR consultant
with links to the arms industry. The Guardian, July 19, 2002.
legacy: Burnished or tarnished? The decision of a Bonn court
to lift the threat of prosecution against Helmut Kohl for
breaking the law on party funding has boosted his attempt to
save his long-term reputation as the chancellor of German
unification. BBC, 2 March, 2001.
the Wheels Allegations of high-level international influence
peddling have shattered Germany's complacency. Time magazine
February 7, 2000.
Is Not Always Golden Swiss banks'
"ask-no-questions" policy has become a major liability
because of bad publicity resulting from their use as a haven for
money looted by dictators. Time magazine, February 7, 2000.
roll in Spanish finance scam The Gescartera brokerage house
collapsed, and its main shareholder was jailed, in July after
$100m (£68m) in clients' money was found to have disappeared.
As the investigation into Gescartera proceeded, links between
Gescartera and senior politicians become clearer. BBC 21
em Família Information in Portuguese, English and French
about a book on political-financial scandals in Portugal. The
legal system, politicians and some banks are all accused.
has received widespread international publicity owing to widespread
but unsubstantiated allegations against President and Mrs Clinton.
Political & Financial Scandals in General
Axis of Corporate Evil Charts the links between the
President Bush and Vice President Cheney and various
Memo Says Torricelli Took Bribes for Political Favors New
and potentially damaging questions have surfaced after a federal
appeals court ordered the release of a secret memorandum in
which federal prosecutors probing Sen. Robert Torricelli's
relationship with a Korean businessman, David Chang. September
is James A. Traficant, Jr. of Ohio? The home page of the
former member of the House of Representatives who was jailed for
Traficant The web site of campaigners to free the jailed
Short Seller and the FBI The FBI suffered yet another
humiliation with the indictment of its own informant, short
seller Anthony Elgindy, whom, it was claimed, manipulated stocks
after being fed secret FBI information.
Elgindy May Have Known About 9/11 Attacks An Egyptian-born
financial analyst charged in a nationwide stock swindle may have
known about the September 11 terrorist attacks and tried to
profit from them, a federal prosecutor claimed, May 24, 2002.
scandal: the threat to Bush How far is the White House
entwined in the biggest bankruptcy in US history? The Observer,
13 January 2002. See also Classic
Financial Scandals for more details of the Enron case.
group sues Cheney US Vice-President Dick Cheney is to be
sued by the anti-corruption pressure group Judicial Watch for
alleged fraudulent accounting practices while he was a director
of the oil company Halliburton in the 1990s. BBC, 10 July 2002.
Insider Connections Preceded Huge Profit On Stock Deal
Allegations of insider trading by George Bush when he was
governor of Texas.
Bush-Cheney Drug Empire Allegations of links between the US
president and vice president, the CIA, and drug traffickers and
field guide to the Enron scandal Information from Common
Cause about donations to politicians.
Crossing Scandal A website about links between the bankrupt
telecommunications company and the Democratic Party and its
Follow the Money Trail in Clinton Pardon A House committee
is following the money trail involved in former President
Clinton's pardon of fugitive financier Marc Rich. February 13,
'$450,000' for Clinton library More on the controversial
pardon for Marc Rich. BBC, 10 February, 2001.
Rogues Gallery Discusses allegations of links with CDFI and
Uncle Sam was a drugs runner An article in the Times, Monday
19 February 2001, by William Rees Mogg on the Meana airport
scandal. The article attacks the failure of the American press
to investigate what Rees Mogg calls "the biggest scandal of
modern American history."
of Illegal or Improper Activities in Connection with 1996
Federal Election Campaigns Final Report of the Committee on
Government Affairs, Senate Rept. 105-167, March 10, 1998.
America by Rodney Stich A website devoted to a book which
alleges that the CIA, DEA and other agencies of the US
government have carried out covert operations in connection with
corrupt financial institutions.
Arming of Iraq Evidence of the involvement of the Atlanta
branch of Banca Nazionale del Lavoro and the testimony of its
manager Christopher Drogoul before the House Banking Committee.
Great Texas Bank Job Allegations regarding campaign finance
corruption and the looting of Savings & Loans and banks in
of Public Corruption Cases in the US by Larry Becraft Very
brief details of cases involving congressmen, judges and other
license scandal inching toward Illinois governor It is
alleged that truck driver's licences were sold to raise money
for Governor George Ryan's campaign fund.
Mobilier scandal Financial scandals are nothing new. The
Credit Mobilier scandal of 1872-1873, during President Ulysses
S. Grant's administration, damaged the careers of several Gilded
Japanese politician testifies Muneo Suzuki denied in sworn
testimony before parliament that he had rigged bids for overseas
construction projects. BBC, 11 March 2002.
apologizes, but faces no confidence vote The then Japanese
prime minister apologised after Masakuni Murakami, the former
Labour Minister, was arrested on suspicion of accepting bribes
worth about $615,000 from the KSD foundation.
quits Fukushiro Nukaga, state minister for the economy,
industry and information technology resigned to take
responsibility for an influence-peddling scandal. Mainichi Daily
News, January 24, 2001.
financial regulation enters new phase Japan's top financial
regulatory body suffered another blow to its reputation July 30,
2000 when Financial Reconstruction Minister Kimitaka Kuze
resigned under a cloud of suspicion that the benefits and the
fees that he had received over seven years from Mitsubishi Trust
& Banking Corp. and in 1991 from condominium builder Daikyo
Inc. had influenced his judgment.
Cabinet minister resigns over financial scandal Kimitaka
Kuze, head of the Financial Reconstruction Commission, was
forced to step down following revelations he received nearly
$2.1 million from Mitsubishi Trust and Banking Corp. between
1989 and 1994. CNN August 1, 2000.
Fall of the Mighty MOF? Lack of Accountability in the Japanese
Bureaucracy An article criticising the Japanese Ministry of
Finance for failing to prevent various scandals.
Panky at the MoF in Tokyo A review of various scandals
involving Japanese banks and the Ministry of Finance, by Andrew
got Yakuza into our banking system? An article on the
relationship between the Yakuza and the banks, by Takano Hajime.
Past and Present by Adam Johnson.
Yakuza An outline of the history of the Yakuza and links to
other sources of information about it - from the Japan,
Incorporated web site.
Social Contradictions of Japanese Capitalism An article by
Murray Sayle in the Atlantic Monthly, June 1998, in which
he discusses Japan's financial problems, including the arrest of
a high official of the Bank of Japan on a charge of bribery -
the first-ever arrest in the Japanese central bank's 116-year
Financial Scandal Reaches to New Heights Bank of Japan
Governor Yasuo Matsushita tendered his resignation to Prime
Minister Ryutaro Hashimoto after the arrest of a senior bank
official on bribery charges. Christian Science Monitor, Friday
March 13, 1998.
Next Japan? The fall of the central bank chief, who took
responsibility for alleged wrongdoing at the bank following the
arrest of an official there on bribery charges, damages the
bureaucrats and boosts the power of politicians
Yen, and Corrupt Bankers Hit the Big Screen An article from
the Christian Science Monitor, November 8 1999, about the impact
of the film Cursed-The Financially Corrupt Islands, based
on a 1997 scandal surrounding a bank that made illegal loans to
racketeers, which is focussing attention on links between
bureaucracy, business and gangsters.
Countries and Cases involving Several Countries
accuses North Korean bank of spying North Korea's only bank
in Europe, the Golden Star Bank in Vienna, is being used as a
base for North Korean secret services, according to a report by
the Austrian authorities. Daily Telegraph, 23 July 2003.
Stolen Riches An audit of the Palestinian Authority
revealed that President Yasser Arafat diverted $900 million in
public funds to a special bank account he controlled, an
International Monetary Fund official said. Front Page
Magazine.com, September 23, 2003.
'took $1bn from bank' Saddam Hussein ordered his son to take
about $1bn in cash from the Iraqi Central Bank just hours before
the first bombs fell on Baghdad, the United States has said.
BBC, 6 May 2003.
Mandela jailed Winnie Madikizela-Mandela, the ex-wife of
South Africa's former president, has been given a five-year jail
term for a string of fraud and theft offences. The Guardian,
April 25, 2003.
scandal claims hang over leader in waiting Ahmad Chalabi,
the man favoured by the Pentagon to succeed Saddam Hussein was
tried in his absence and sentenced by a Jordanian court to 22
years' jail on 31 charges of embezzlement, theft, misuse of
depositor funds and currency speculation in connection with the
collapse of his Petra Bank. The Guardian, April 14, 2003.
apologises to Gaddafi's son The son of Libyan leader Colonel
Gaddafi has accepted a public apology from the Sunday Telegraph
over an allegation he was involved in a multi-million dollar
plot to flood Iraq with fake currency. The Guardian, April 19th,
kills ‘terror futures market’ A controversial plan
to set up a “futures market” to use market forces to help
predict political upheaval in the Middle East has been scrapped.
July 29, 2003.
in the USA: Inquiry into short selling before attacks Stock
market regulators in Europe and Japan have launched
investigations into "short selling" of the shares of
some companies in the days before the terrorist attacks on New
York and Washington. There has been speculation that associates
of the terrorist may have profited from the transactions.
Financial Times, 18 September 2001.
Against Corruption An article about two heroines, the French
judge Eva Joly and the Colombia politician, Ingrid Betancourt,
and their fight against corruption in their own countries. By
David Ignatius, March 4, 2001.
and publisher Koskotas freed after 12 years Former banker
George Koskotas who had been convicted in 1994 of embezzling
33-billion drachmas ($87,8m at today’s rate) from the Bank of
Crete, was freed after serving more than half of his 25-year
sentence. He was the prosecution’s main witness in the trial
of the late prime minister Andreas Papandreou who was cleared of
involvement in a scheme to embezzle state funds deposited in the
Bank of Crete. Business Day, March 15 2001.
Black Lies David Guyatt's website which contains information
based on his book about what happened to the gold plundered
during World War II that now forms the basis of the
"black" gold market that does not officially exist but
which trades spectacular quantities of bullion on a secret and
Secret Overseas Hoard 'worth over £70m' Slobodan Milosevic
remains the boss of bosses at the apex of a criminal
organisation and has salted away more than $100m (£70m),
according to an investigation conducted by the German Federal
Intelligence Service (BND). The Independent, 17 October 2000.
cash hidden in UK, says Nigeria The British government has
been accused yesterday of refusing to cooperate with Nigerian
authorities in their attempts to recover £307m stolen by the
late dictator General Sani Abacha, and believed to be deposited
in London banks. The Guardian, January 26, 2001.
Banks Criticised over Nigerian Funds Switzerland's banking
regulator has found serious problems at six Swiss banks that
held hundreds of millions of dollars in assets related to the
late Nigerian dictator General Sani Abacha who is accused of
systematically pillaging the Nigeria's central bank.
Jails Tycoon for Life for Fraud Mou Qizhong, a flamboyant
tycoon once billed as China's richest man was sentenced to life
in prison. Mou had illegally obtained state assets worth $75
million and caused losses of state funds worth $30.06 million,
state television said. May 31, 2000.
Tycoon's Prison Term Upheld Mou Qizhong lost his appeal
against life imprisonment for bank fraud. August 23, 2000.
Bank of China's Black Hole How $480 million disappeared from
one of the country's biggest banks. Wang Xuebing, a former
president of the Bank of China, is being investigated in
connection with China's missing foreign exchange reserves.
Business Week, February 4, 2002.
Charges Enrage Israel's Sharon Ariel Sharon, the Israeli
prime minister, is under police investigation for a $1.5 million
loan from a South Africa-based businessman. Find Law, January
Charges Dropped Corruption charges filed against Israel's
former Prime Minister, Binyamin Netanyahu, have been dropped
because there is insufficient evidence to bring him to court.
BBC, 27 September, 2000.
Gift in the Hand is Worth... The Israeli President Ezer
Weizman confirmed a report by investigative journalist Yoav
Yitzhak that he received nearly half a million dollars from a
French Jewish tycoon, Edouard Seroussi, while serving as a
legislator and minister in the '80s. The Jewish Journal, January
Rise and Fall of Alberto Fujimori How the man who saved Peru
from terrorism and hyperinflation became an exile in Japan after
his right hand man was implicated in bribery, drug trafficking,
arms dealing and money laundering scandals, and accused of
abuses of human rights.
Fujimori - Official Site The former Peruvian president's
trilingual website (in English, Spanish and Japanese) created to
defend his reputation.
gets most wanted fugitive Latin America's most wanted
fugitive, the former Peruvian spy chief Vladimiro Montesinos,
has been arrested in Venezuela and sent back to Peru to face
Montesinos was disgraced the involvement of the Peruvian
intelligence agency SIN, and its spy chief, in money
laundering was the subject of the novel, Into
Video that Shocked Peru After Vladimiro Montesinos, the boss
of SIN (Servicio de Inteligencia Nacional) was caught on film
offering a bribe to an opposition politician President Fujimori
announced his intention to step down next year and to deactivate
Bush, the Rainforest and a Gas Pipeline to Enrich his Friends
President George Bush is seeking funds for a project that would
enrich some of his closest corporate campaign contributors while
risking the destruction of rainforest, threatening its
indigenous peoples and endangering rare species on the coast.
fails to persuade Swiss in Menem case Switzerland says
Argentina has again failed to provide evidence to support
bribery allegations against former president, Carlos Menem.
Argentina claims that the former president accepted $10 million
from Iran for covering up an alleged Iranian role in the 1994
bombing of a Jewish centre in Buenos Aires.
hail arrest in IBM bribe case The ex-president of Argentina´s
largest bank, Aldo Dadone, was arrested on charges of
"illicit association" in connection with a
high-profile 1993 corruption case involving IBM. Reuters Feb 9,
Banks Turn Over Millions to Argentina in IBM Bribery Scandal
Swiss banks turned over $4.5 million to Buenos Aires
authorities. These funds were traced to accounts held by several
local central bank officials who admitted to accepting bribes
from IBM-Argentina in 1995 in connection with a $250 million
contract awarded to IBM Argentina by the state-owned Banco Nación
for a computerized information system.
Judge Says Four IBM U.S. Execs Are Suspects IBM Argentina
has been accused of paying bribes to win a $249 million contract
in 1994 to computerize state-owned Banco Nación, the country's
death adds to IBM scandal Marcelo Cattaneo - an entrepreneur
involved in the IBM bribe scandal was found hanged. October
Cabal : One man's fight for justice in the labyrinths of
extradition law A defence of Carlos Cabal, the Mexican
banker fighting extradition from Australia.
Man from Tabasco: The Story of Carlos Cabal Peniche The
fugitive Mexican banker claims he is being persecuted for
political reasons. 17 October 1999.
Zedillo Knew I Gave to Campaign Banker Carlos Cabal Peniche,
in prison in Australia, has admitted huge and potentially
illegal contributions to the 1994 election campaign of President
Ernesto Zedillo. Miami Herald, 9 June 1999.
Mexican Reality A website devoted to the subject of
corruption in Mexico.
Honduran Republic of Chiquita A newsletter claiming to
reveal extensive lawbreaking, chicanery and deception by the US
banana company Chiquita in Honduras, Guatemala and Costa Rica as
a matter of preference rather than necessity. There is
additional material about Chiquita available via the home page
of the Council On Hemispheric
Accused of Attempt to Bribe Health Canada Health Canada
researchers accuse Monsanto of bribery in bid to get approval
for use of bovine growth hormone.
Missing Marcos Billions A site devoted to the search for
money hidden abroad by the former president of the Philippines.
faces state plunder inquiry Prosecutors in the Philippines
have launched a criminal investigation into the allegations of
massive corruption which led to the downfall of President Joseph
Estrada. BBC, 22 January 2001.
under the Shadow of the Pyramids An account of the pyramid
lending scandal by Carlos Elbirt.
crowds take to streets in Albania Houston Chronicle News
Services 26 January 1997. Many Albanians lose their life savings
in pyramid lending schemes.
Bank discusses plans to respond to crisis in Albania The
World Bank discussed its plans on 23 April 1997 to respond to
the crisis in Albania, triggered by the collapse of the
country's pyramid investment schemes.
Road to Corruption A large website devoted to arguments that
the Clinton government in the US must share the responsibility
for the rise in corruption in Russia.
Great Criminal Revolution: The Role of the Security Services
by J. Michael Waller and Victor J. Yasmann. This article
examines the involvement of the Russian law enforcement
agencies, security organs, and intelligence services in
organized crime and corruption.
Fraud Prevalent In Russia, Former Soviet Bloc Askold
Krushelnycky looks at some of the biggest money-making schemes
devised in the post-Communist countries.
Financial Crimes Crisis Detailed reports on various scandals
including money-laundering, insider-trading and political
the Trail of Rubles by Louise I. Shelley New York Times
February 28, 1999. Russia's Attorney General, Yuri Skuratov,
revealed that from 1993 to 1997, billions of dollars from the
Central Bank had been transferred to an offshore company on the
isle of Jersey. Russian news reports suggested that the money
has been generating interest and management fees for the benefit
of high-level officials, who have resisted outside scrutiny of
Central Bank Under Scrutiny For Hiding Assets Russia’s
Central Bank is under close scrutiny following allegations that
it channeled some $50 billion of hard currency reserves to a
tiny, offshore company Financial Management Co. (FIMACO) based
in Jersey, from 1993 to 1997.
in the New Russia Since the collapse of the Soviet Union in
1991-1992, and the end of the centrally controlled "command
economy," a new class of wealthy private capitalists with
close government connections has emerged in Russia. Hence
corruption is a growing problem.
Mafia: Organized Crime Is Big Business for the KGB by
William F. Jasper. An article in the New American.
receives valuables taken away by Golden ADA to US A series
of articles on efforts to combat illegal sales of diamonds,
jewellery, gold etc. which have been exported to the US with the
alleged involvement of Russian politicians and those close to
Looting of Russia An FBI agent and an honest Moscow cop stop
the plundering of the national treasury. More on the smuggling
of of diamonds, jewelry, silver, and gold.
minister detains four Britons investigating fraud in Brunei
Four Britons helping to investigate the tangled financial
affairs of the oil-rich state of Brunei are being held in the
country on the orders of a "Rasputin-like" minister.
The Independent, 27 May 2002.
Battle Royal After Amedeo, a company controlled by Prince
Jefri Bolkiah, collapsed blowing a sizeable hole in the national
budget, the government of Brunei has been involved in a dispute
with the prince. BusinessWeek, April 3 2000.
Halt Indonesia Loans Over Bank Bali Scandal The World Bank
and International Monetary Fund (IMF) decided to withhold any
new loans to Indonesia until the controversy surrounding $63
million stolen from Bank Bali by Indonesia's economic and
political elite was cleared up.
Court Rules on Bank Case The Supreme Court ruled on Tuesday
19 October 1999 that an independent report about the Bank Bali
corruption scandal must be given to Parliament, a move that
could persuade international donors to lift their suspension of
billions of dollars in loans to Indonesia.
Warfare By Michel Chossudovsky, Professor of Economics,
University of Ottawa. The actions of speculators in the foreign
exchange market have destabilised national economies, thereby
creating the preconditions for the subsequent plunder of the
Asian countries' productive assets by so-called "vulture
Tapes Scandal A series of articles by the investigative
website that exposed corruption in the Indian Ministry of
necklace exposed Bhutto money-laundering trail A £117,000
diamond necklace led to the former Pakistani prime minister
Benazir Bhutto and her husband being convicted of money
laundering by a Swiss court. The Guardian, August 8, 2003.
Bank Accounts Frozen in Start of Corruption Crackdown
Pakistan's state bank moved to freeze the accounts of thousands
of politicians, including those of the ousted prime minister and
his family. The Guardian, October 16, 1999.
Diamonds : Scandals Behind the Sparkle of the World's Most
Desirable Gems Diamonds, the most romantic of gems, have
been fought over by armies, gangsters, criminals, secret agents
of intelligence services, and the world's longest-lived cartel.
Transactions: an investigation into the illicit diamond trade
The Financial Times uncovers the global network of arms
traffickers and corrupt governments behind the 'conflict
and Greed : The Diamond Investigation An detailed account of
the dark side of the diamond industry, including its political
influence, by Janine Farrell-Roberts.
a treatment of the relationships between the diamond industry,
arms dealing and finance in fiction see Wilderness
Qaeda Cash Tied to Diamond Trade The terrorist network led
by Osama bin Laden has reaped millions of dollars in the past
three years from the illicit sale of diamonds mined by rebels in
Sierra Leone. The Washington Post, November 1, 2001.
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