Mishcon's Culture vs Corruption Diary - April 2010
Welcome to the April 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.
UNITED KINGDOM
Reports and surveys
Fraud and corruption is costing Britain £30 billion a year according to a new report from the Policy Exchange.
Jonathan Fisher
The Times, 11 March 2010
WESTERN EUROPE
Government
Following a spate of corruption scandals, Spain is proposing obligatory prison sentences for public servants convicted of corruption, under reform of the present criminal law.
Graham Keeley
The Times, 10 March 2010
EASTERN EUROPE
Police
A number of the Russian police force have alleged that they have been made to work as “gangs for hire” to businessmen and organised crime. The Russian Interior Ministry denies the allegations.
Charles Clover
Financial Times, 18 March 2010
AFRICA
Financial Services
The former governor of Dubai's financial centre, Omar bin Sulaiman, has been arrested as part of inquiry into allegations of abuse of public office.
Simeon Kerr
Financial Times, 25 March 2010
ASIA
Mining
The Serious Fraud Office is considering an investigation after four former employees of Rio Tinto were convicted in China for accepting bribes and stealing commercial secrets.
Patti Waldmeir
Financial Times, 29 March 2010
NORTH AMERICA
Industry
Daimler has been charged with alleged systematic payment of bribes to foreign officials in at least 22 countries between 1998 and 2008.
Daniel Schäfer
Financial Times, 24 March 2010
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 Fraud Network, made up of international legal fraud specialists, and the Financial Risk Group, for risk and compliance officers.