International Sources

  • The Internet Center for Corruption Research A Joint Initiative of Transparency 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 Perceptions Index.

  • Global 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.

  • Opacity 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.


British Official Organizations, Political Parties and Companies


  • Tory 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.

  • Galloway 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.

  • UK Treasury Annual Fraud Reports An analysis of reported fraud in Government Departments.

  • Blair faces new 'Steelgate' row Tony Blair is accused of undermining the British steel industry by his support for Mittal. BBC, 6 March 2002.

  • The 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.

  • Sorry 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.

  • Commons 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.

  • On 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 India.

  • Mandelson - Hinduja Affair Timeline An outline of the developments that led to Peter Mandelson's second resignation from the British government.

  • Ex-minister 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.

  • Keith 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.

  • Second 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.

  • MI6 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 of Vipers!

  • Russian Spies Unmasked in London Financial System Reports that the KGB and its successor the SVR have spied on financial institutions.

  • BA 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.

  • My 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.

  • The 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.

  • The 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.

The European Union and Member States

  • New 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.

  • Berlusconi 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.

  • Berlusconi 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.

  • Berlusconi 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.

  • The 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.

  • Auditing Euro-Court corruption: the inside story from Luxembourg 'Whistleblower' Robert Dougal Watt speaks out. A world exclusive article from Just Response.

  • Kinnock 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.

  • Highlights 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 2003.

  • Commission 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.

  • Commissioners 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 2003.

  • EU 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.

  • EU 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 2002.

  • Is the Corruption Crusade Over? Across Europe, high-profile cases are coming to naught. Business Week, November 26, 2001

  • An 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.

  • Questions and Answers on Corruption and Fraud in the European Union Labour Euro-Safeguards Campaign Bulletin, May 1999.

  • The EU Fight Against Fraud Annual Reports Press releases are available as well as the full text (in PDF format) of the annual reports.

  • EU in Turmoil after Executive Commission Resigns Stunned by allegations of cronyism and fraud in their ranks, the European Union's commissioners have resigned.

  • The 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.

  • The 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.

  • 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

  • EU 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, December 1998.

  • Psychology 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.

  • Iskandar 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.

  • Former 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.

  • French 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.

  • Chirac 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.

  • Video 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.

  • Scandals Français A site devoted to exposing official corruption in France.

  • Elf 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.

  • French 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.

  • The Elf affair - who's who Details of the main figures involved. Financial Times, April 15, 2003.

  • Elf 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.

  • Elf's 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.

  • Former 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.

  • French 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 2001.

  • French 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.

  • All 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

  • Dumas 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.

  • Financial 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.

  • Election 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.

  • Kohl's 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.

  • Greasing the Wheels Allegations of high-level international influence peddling have shattered Germany's complacency. Time magazine February 7, 2000.

  • Silence 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.

  • Heads 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 September, 2001.

  • Tudo 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.

The Holocaust

Whitewater Scandal

This has received widespread international publicity owing to widespread but unsubstantiated allegations against President and Mrs Clinton.

US Political & Financial Scandals in General




  • Scandal-hit Japanese politician testifies Muneo Suzuki denied in sworn testimony before parliament that he had rigged bids for overseas construction projects. BBC, 11 March 2002.

  • Mori 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.

  • Nukaga 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.

  • Japanese 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.

  • Japanese 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.

  • The 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.

  • Hanky Panky at the MoF in Tokyo A review of various scandals involving Japanese banks and the Ministry of Finance, by Andrew Horvat.

  • Who got Yakuza into our banking system? An article on the relationship between the Yakuza and the banks, by Takano Hajime.

  • Yakuza: Past and Present by Adam Johnson.

  • The Yakuza An outline of the history of the Yakuza and links to other sources of information about it - from the Japan, Incorporated web site.

  • The 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 history.

  • Japan's 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.

  • What 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

  • Gangsters, 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.



Other Countries and Cases involving Several Countries

  • Austria 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.

  • Arafat's 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.

  • Saddam '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.

  • Winnie 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.

  • Financial 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.

  • Paper 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, 2002.

  • Pentagon 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.

  • Terrorism 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.

  • Crusaders 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.

  • Ex-banker 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.

  • Deep 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 private basis.

  • Milosevic's 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.

  • Dictator's 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.

  • Swiss 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.

  • China 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.

  • China Tycoon's Prison Term Upheld Mou Qizhong lost his appeal against life imprisonment for bank fraud. August 23, 2000.

  • The 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.

  • Corruption 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 10, 2003.

  • Netanyahu 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.

  • A 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 7, 2000.

  • The 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.

  • Alberto Fujimori - Official Site The former Peruvian president's trilingual website (in English, Spanish and Japanese) created to defend his reputation.

  • Peru 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 trial.

    Before 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 the Fire.

  • The 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 SIN.

  • Peru: 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.

  • Argentina 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.

  • Lawmakers 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, 2001.

  • Swiss 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.

  • Argentine 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 largest bank.

  • Suspicious death adds to IBM scandal Marcelo Cattaneo - an entrepreneur involved in the IBM bribe scandal was found hanged. October 1998.

  • Carlos 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.

  • The Man from Tabasco: The Story of Carlos Cabal Peniche The fugitive Mexican banker claims he is being persecuted for political reasons. 17 October 1999.

  • Fugitive: 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.

  • The Mexican Reality A website devoted to the subject of corruption in Mexico.

  • The 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 Affairs

  • Monsanto 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.

  • The Missing Marcos Billions A site devoted to the search for money hidden abroad by the former president of the Philippines.

  • Estrada 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.

  • Albania under the Shadow of the Pyramids An account of the pyramid lending scandal by Carlos Elbirt.

  • Angry crowds take to streets in Albania Houston Chronicle News Services 26 January 1997. Many Albanians lose their life savings in pyramid lending schemes.

  • World 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.

  • Russia's 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.

  • Russia's 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.

  • High-Level Fraud Prevalent In Russia, Former Soviet Bloc Askold Krushelnycky looks at some of the biggest money-making schemes devised in the post-Communist countries.

  • Russian Financial Crimes Crisis Detailed reports on various scandals including money-laundering, insider-trading and political corruption.

  • Following 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 the account.

  • Russia: 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.

  • Capitalism 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.

  • Russian Mafia: Organized Crime Is Big Business for the KGB by William F. Jasper. An article in the New American.

  • Russia 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 them .

  • The 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.

  • 'Rasputin-like' 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.

  • Brunei's 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.

  • Lenders 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.

  • Indonesia 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.

  • Financial 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 foreign investors."

  • Tehelka Tapes Scandal A series of articles by the investigative website that exposed corruption in the Indian Ministry of Defence.

  • Diamond 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.

  • Politicians' 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.


Diamond Scandals



International Sporting Organisations


[ Financial Scandals Home Page ]



With thanks to the Wealden Action Group and other Action Groups across the country for the supply of real case history and supporting documents.