A daily scrapbook of stories from major news media on corruption, bribery and financial crimes that undermine good governance and harm common prosperity
LOS ANGELES - News Corp. is strengthening its anti-bribery training programmes and reviewing its anti-corruption controls in the wake of the hacking scandal that erupted in its U.K. tabloids, Rupert Murdoch has said in a memo to staff, the Hollywood online site The Wrap reports.
WINNIPEG - Few police resources have been applied to investigating overseas corrupt practice of Canadian firms. Canada, in short, talks a good game about business ethics overseas but doesn't do much about it, the Winnipeg Free Press says in an editorial.
BRASILIA - In Brazil, where graft has been part of the political landscape since the Portuguese landed, the Supreme Court is trying more than three dozen of the country’s best known political movers and shakers. It might not reverse centuries of the status quo, but it is being billed as “the trial of the century”, the Christian Science Monitor reports. The Supreme Tribunal has rejected a request to include the former President Luiz Inacio Lula da Silva in the trial although some allege he was the mastermind. Thirty-eight people face charges ranging from money laundering to tax evasion to organised crime in what prosecutor Roberto Gurgel called “without doubt the most daring and scandalous case of corruption and embezzlement ever uncovered in Brazilian history”.
SAO PAULO - The Brazilian government has named a new president for regional state-run bank Banco do Nordeste do Brasil amid allegations of fraud and possible political corruption involving an investment fund managed by the bank, the Wall Street Journal reports. The government named Ary Lanzarin to be the head of the bank, replacing Jurandir Santiago, who left the post earlier this year. Lanzarin was a director at state run Banco do Brasil SA.
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