Tag Archives: Corruption

Authored by Adam Withnall, originally posted at The Independent, The world is becoming a more dangerous place and there are now just 10 countries which can be considered completely free from conflict, according to authors of the 10th annual Global Peace Index. The worsening conflict in the Middle East, the lack of a solution to the refugee crisis and an increase in deaths from major terrorist incidents have all...

From The Economist:

Over the better part of the past year, we’ve documented the curious case of 1MDB, Malaysia’s government investment fund founded in 2009. It’s a long and exceptionally convoluted story that doesn’t exactly lend itself to a concise summary but suffice to say that the development bank was something of a black box right from the beginning and in 2013, some $680 million allegedly tied to 1MDB ended up in Malaysian PM Najib Razak’s personal bank account just prior to an election. There are any...

Submitted by Pater Tenebrarum via Acting-Man.com, Mr. X and his Mysterious Benefactors As the Australian Broadcasting Corporation (ABC) reports, a money-laundering alarm was triggered at AmBank in Malaysia, a bank part-owned by one of Australia’s “big four” banks, ANZ. What had triggered the alarm? Money had poured into the personal account of one of the bank’s customers, a certain Mr. X, in truly staggering amounts. A recent photograph of Mr. X.   Hundreds of millions of dollars were...

A Huge Leak The “Panama Papers” tax haven leak is big … After all, the Prime Minister of Iceland resigned over the leak, and investigations are taking place worldwide over the leak. But Why Is It Mainly Focusing On Enemies of the West? But the Panama Papers reporting mainly focuses on friends of Russia’s Putin, Assad’s Syria and others disfavored by the West. Former British Ambassador Craig Murray notes: Whoever leaked the Mossack Fonseca papers appears...

For all the media excitement about the disclosed names in the "Panama Papers" leak, in this case represented by the extensive list of Mossack Fonseca clients, this is not a story about which super wealthy individuals did everything in their power, both legal and illegal, to avoid taxes, preserve their financial anonymity, and generally preserve their wealth. After all, that's what they do, and it should not come as a surprise that they will always do that, especially following last year's...

Submitted by John Whitehead via The Rutherford Institute, “We are not to simply bandage the wounds of victims beneath the wheels of injustice, we are to drive a spoke into the wheel itself.”—Dietrich Bonhoeffer The untimely death of Supreme Court Justice Antonin Scalia has predictably created a political firestorm. Republicans and Democrats, eager to take advantage of an opening on the Supreme Court, have been quick to advance their ideas about Scalia’s replacement....

Having urged "don't panic" just 4 short months ago, it appears Nigeria just did just that as the global dollar short squeeze forces the eight-month-old government of President Muhammadu Buhari to beg The World Bank and African Development Bank for $3.5bn in emergency loans to help fund a $15bn deficit in a budget heavy on public spending amid collapsing oil revenues. Just as we warned in December, the dollar shortage has arrived, perhaps now is time to panic after all. In September,...

As a country, Brazil has many things going for it: a large economy, a young population, and plentiful natural resources. But if it is to enjoy the economic growth those assets can provide, it needs to make structural reforms that can help close budget deficits, slow the growth in public debt, and remove obstacles to economic growth. Former presidents and central bankers, economists and industrialists, all agreed at the Credit Suisse 2016 Latin America Investment Conference (LAIC) that for...

s Avant-propos: Dans le royaume du dieu-argent, tout est à vendre. Normalisation du « lobbying » dans les espaces du pouvoir public. Jeu des chaises musicales entre les postes de gouvernance publique et privée, locaux et transnationaux. Cession pour des bouchées de pain du patrimoine commun et public. Mensonges cumulés, constants et patents autour de l’octroi de pouvoirs et de puissances publics à des entités de type société privée. C’est dans ce contexte de gangrène généralisée de la...