Private Sector

Chinesischer Zulieferer besticht Telekom-Mitarbeiter

An employee of a telecom subsidiary has sold business secrets to the Chinese supplier ZTE. Now the public prosecutor's office in the case - but the suspects are gone.
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Korruptionsexperten ermitteln gegen Airbus

Airbus may have also boosted the sale of aircraft by means of fraud, bribery and corruption. This suspicion is now being investigated by the British law enforcement agency for Serious Fraud Office SFO (Serious Fraud Office).

Abgasskandal: Audi soll 25.000 Autos zurückkaufen

The diesel scandal gets expensive for Audi: The VW subsidiary in the US is expected to buy back 25,000 cars.
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Gesetzeslücke: Fleischfabrikant trickst Kartellamt aus - 128 Millionen Euro weg

Meat industry fools cartel office: The billionaire entrepreneur Clemens Tönnies does not have to pay 128 million euros fine to the cartel office. A law gap makes this possible.
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Abgasskandal: Missouri reicht Klage gegen VW ein

Exhaust gas scandal: Also Missouri filed suit against Volkswagen
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Tesco in $12 million U.S. settlement over accounting scandal

Tesco has agreed to pay $12 million (8 million pounds) to settle a U.S. shareholder lawsuit claiming that accounting irregularities inflated the share price of Britain's largest retailer.
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Kenya's president says banks will lose licenses for money laundering

Banks that break Kenya's anti-Money Laundering rules will lose their licenses, President Uhuru Kenyatta said on Monday in his annual address to the nation.
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Tax-News.com: Italian Police Breaks Up Europe-Wide VAT Fraud Ring

On October 12, the Italian financial police said it had broke up a value-added tax fraud ring allegedly involved in transactions totaling EUR930m, through 180 companies in 15 European Union (EU) countries.
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Tax-News.com: Nigeria Introduces 45-Day Tax Amnesty

Nigeria's Federal Inland Revenue Service (FIRS) has announced that a Tax Amnesty is now in operation for undeclared tax liabilities for the three years from 2013 to 2015. To avoid the payment of tax penalties and interest for those years, taxpayers must declare their tax dues by November 24, 2016.
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Tax-News.com: Denmark Pays For Panama Papers Data

The Danish tax authority has confirmed that it paid just over EUR800,000 (USD900,000) for access to information in the Panama Papers linked to Danish citizens. Jim Soerensen, a senior official with The Danish Tax and Customs Authority, SKAT, made the disclosure on September 29.
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