Briefings

Mishcon's Culture vs Corruption Diary

Banking & Finance
Fraud: Claimant
Fraud: Defendant
Insolvency and Recoveries
March 2008

Welcome to the March edition of Mishcon's Culture vs Corruption Diary, the object of this diary is to provide businesses and their advisors with a snapshot of what is happening in the world of corruption in the last month.

We make no judgement whatsoever as to the morality, legality or appropriateness of the conduct which forms the subject matter of this diary.  We simply aim to bring these matters to the attention of those whose responsibility it is to set ethical standards and produce business practice guidelines for the companies they work for, to allow them to make an informed decision on the best practice for their organisation.

United Kingdom

Local Government       

An investigation by Scotland Yard has found that Lee Jasper has no criminal case to answer.  Mr Jasper had been accused of corruption in connection with the award of grants to organisations with which he has personal links. 

The Guardian, 21 February 2008

European Union

Government     

Chris Davies, a British Member of the European Parliament (MEP), has exposed details of a report on the misuse of MEP expenses.  The report was commissioned by the budget control committee and was intended to be confidential.

Daily Mail, 22 February 2008

Asia

Government     

Thaksin Shinawatra, the deposed Prime Minister of Thailand, has returned to Bangkok to fight allegations of corruption in connection with a land deal made while he was still in office.   Mr Shinawatra denies any wrongdoing.

The Guardian, 29 February 2008

An Indonesian court has awarded damages of £280,000 to Tommy Suharto, the son of the former dictator, after finding that the state logistics agency defamed him by accusing him of corruption in a civil lawsuit.

The Independent, 29 February 2008

The Philippines Office of the Ombudsman has been asked to investigate President Gloria Macapagal Arroyo in connection with alleged corruption relating to a $330m government deal with ZTE Corporation, a Chinese telecommunications supplier.

Financial Times, 28 February 2008

An influential Chinese communist think tank has published a report calling for democratic reform to curtail corruption.  The report also recommends more freedom for the press and reforms to the country's parliament.  

Financial Times, 20 February 2008

Mishcon de Reya         

Mishcon's Culture vs Corruption Diary is published by the Fraud & Insolvency Group of Mishcon de Reya Solicitors.  Widely recognised as the leader in the field of fraud investigations, the Group has extensive experience in conducting and/or project managing highly sensitive international investigations in respect of bribery and corruption allegations.  The Group founded and runs both the Asset Protection & Recovery Network, made up of international legal fraud specialists, and the Financial Fraud Group, for risk and compliance officers.

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