Briefings
Culture vs Corruption Diary
Banking & Finance
Fraud: Claimant
Fraud: Defendant
Insolvency and Recoveries
Intellectual Property
|
| September 2008 |
Welcome to the September 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 has been 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
Security
Neils Jorgen Tobiasen, the head of CBRN Team, a British security company, has pleaded guilty to bribing Ugandan officials. This is the first conviction under legislation aimed at preventing corporate corruption overseas.
Financial Times, 23 August 2008
Middle East
Government
A senior board member of the Dubai state investment fund has been detained in connection with an investigation into allegations of embezzlement.
Financial Times, 19 August 2008
Mabey & Johnson, a construction company, has admitted that it may have made indirect payments to the Iraqi regime in 2002. The company said that evidence suggested payments, which were made in connection with the award of contracts, had contravened UN sanctions.
The Guardian, 12 August 2008
South America
Government
The Supreme Court in Venezuela has disqualified over 200 opposition candidates who were registered to take part in regional elections. All the candidates had previously been accused of corruption.
Financial Times, 7 August 2008
South Africa
Government
Jacob Zuma, the leader of the ANC, has appeared in court in connection with alleged corruption, fraud, money laundering and racketeering. The charges relate to alleged bribery involving a French arms company in the 1990s. Mr Zuma denies any wrongdoing.
The Daily telegraph, 4 August 2008
Australasia
Government
Winston Peters, the New Zealand foreign minister, has stepped down while investigations into allegations of corruption in connection with political donations take place. Mr Peters denies any wrongdoing.
Financial Times, 30 August 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.