Mishcon's Culture vs Corruption Diary - September 2011
Welcome to the September edition of Mishcon's Culture vs Corruption Diary. Its aim 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 judgment whatsoever as to the morality, legality or appropriateness of the conduct which forms the subject matter of this bulletin. We simply aim to bring these matters to the attention of those involved in the prevention, detection and investigation of fraud.
UNITED KINGDOM
Energy
Investors in CVC Capital Partners are planning to increase the pressure on the UK private equity group over bribery allegations surrounding the sale of the Formula One racing series almost six years ago.
Daniel Schäfer
Financial Times, 30 August 2011
WESTERN EUROPE
Energy
Christophe de Margerie, chief executive of Total, is to be questioned in court over allegations of corruption linked to the UN oil-for-food programme in Iraq. Total has repeatedly denied any wrongdoing during the long-running investigation.
James Boxall and Jennifer Thompson
Financial Times, 2 August 2011
EASTERN EUROPE
Government
Police corruption in Russia "does not exist today", interior minister Rashid Nurgaliev has said in a statement following the sacking of 183,000 policemen during the past six months.
Charles Clover
Financial Times, 26 August 2011
AFRICA
Government
Libya's rebels are examining allegations of possible corruption at the country's £40bn sovereign wealth fund and its links to the family of Colonel Muammer Gaddafi, according to the man in charge of the investigation.
Lina Saigol
Financial Times, 25 August 2011
ASIA
Government
Indonesia’s top anti-graft body has widened a bribery investigation into Muhammad Nazaruddin, the former treasurer of the ruling Democrat party, to include several government departments. Nazaruddin and all officials concerned have denied any wrongdoing.
Anthony Deutsch and Taufan Hidayat
Financial Times, 16 August 2011
Mishcon de Reya
Mishcon's Culture vs Corruption Diary is published by the Dispute Resolution Department of Mishcon de Reya. Widely recognised as the leader in the field of fraud investigations, the Department has extensive experience in conducting and/or project managing highly sensitive international investigations in respect of bribery and corruption allegations. The Department founded and runs both the Fraud Network, made up of international legal fraud specialists, and the Financial Risk Group, for risk and compliance officers.