An oil and gas or mining company can avoid all kinds of reputational and legal challenges by swearing off deals with certain corruption warning signs. This month’s developments in an evolving scandal might have Royal Dutch Shell wishing it had done so.
Entries in Global Witness (22)
The U.S. Senate voted Friday to repeal an SEC rule that would have required oil and gas and mining companies to disclose each year all of their payments to foreign governments for concessionary rights, permits, taxes, and other things.
A Liberian lawyer who heads the country's ruling party was arrested Wednesday for allegedly paying bribes on behalf of a UK-listed mining company once chaired by former England cricket star Phil Edmonds.
The French bill for Transparency and Modernization of Economic Life, which, among other things, aims at preventing foreign bribery and intensifying the fight against it, has been the subject of much speculation during the past few months.
The OECD is hosting an Anti-Bribery Ministerial meeting Wednesday (March 16) to discuss how to strengthen implementation of its Anti-Bribery Convention. One of the issues on the table for discussion is how to encourage voluntary disclosure by companies of wrongdoing and how settlements can be used to do that.
Transparency International-USA along with Transparency International, Global Witness, the Open Contracting Partnership, Oxfam, Save the Children and 101 other organizations sent a letter to the World Bank Monday asking the Bank to collect and disclose the identity of all legal entity bidders on Bank-financed contracts.
A federal court in Florida last week granted a request by prosecutors to seize three properties and various restaurant equipment from Mamadie Touré.
The Financial Times reported Friday that anti-corruption groups, (Global Witness, Transparency International and Corruption Watch) had written to the Prime Minister and the Director of the Serious Fraud Office raising concerns about the integrity of the SFO’s investigation into the sale by GPT Special Project Management, an Airbus subsidiary, of communications equipment to the Saudi National Guard.
A conference organized by the Ukraine Anti-corruption Action Centre (AntAC) jointly with Ukrainska Pravda & GOPAC-Ukraine on April 24, 2014 in Kyiv identified many challenges relating to the recovery of assets stolen by former President Yanukovych and his associates, and started a national dialogue to address these challenges.
A state-sponsored committee reviewing mining concessions in Guinea said Wednesday that its 18-month investigation found evidence of graft involving a company controlled by Israeli billionaire Beny Steinmetz.