Ethical Alliance Daily News

Ethical Alliance Daily News 

United States: SBM Offshore settles U.S. bribery case, to pay $238 million
Dec 01, 2017 08:00 pm

SBM Offshore NV (SBMO.AS), a Netherlands-based maker of offshore oil drilling equipment, and its U.S. subsidiary, SBM Offshore USA Inc, agreed to settle criminal charges of bribing officials in five countries and pay a $238 million penalty, the U.S. Justice…

Malaysia: Graft-hit Felda to lay off dozens at welfare arm as it restructures
Dec 01, 2017 07:30 pm

Malaysia’s land development agency Felda, which is struggling with a corruption scandal and an underperforming listed business, is laying off or forcing deep pay cuts on dozens of workers at its welfare foundation. The Federal Land Development Authority (Felda), announced…

Thailand: Equal pay touted to tackle sports graft
Dec 01, 2017 07:00 pm

Players’ wages should be more equal while stiffer legal penalties and new technology should be introduced if corruption in football is to be stamped out, a seminar was told Thursday. The recent match-fixing scandal reflects Thailand’s problems with gambling addiction…

Venezuela: Venezuela arrests ex-oil bosses for graft in widening purge
Dec 01, 2017 06:30 pm

Venezuelan authorities on Thursday arrested two once-powerful officials who had run the oil ministry and state energy company PDVSA as part of a deepening industry purge also seen as a power play by leftist President Nicolas Maduro. In the highest-profile…

Nigeria: Security Agency Feuds Threaten Buhari’s Graft War in Nigeria
Dec 01, 2017 06:00 pm

When agents of Nigeria’s financial crimes body arrived this month to arrest a former intelligence chief fired by President Muhammadu Buhari for stashing $43 million in cash in his wife’s apartment, they were stopped by armed secret policemen. After a…

India: Drop in cases shows Centre’s anti-graft drive has hit home
Dec 01, 2017 05:30 pm

Digitalisation of the economy and stricter vigilance may be paying off as the NCRB data indicates that corruption in states has gone down significantly. According to the data, corruption cases reported in the country decreased by 12.8% with 5,112 cases…
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