Daily Corruption News: 10 August 2012

Global: Citizens wield web tools to combat petty bribery
TrustLaw

Citizen website and mobile apps are popping up from Colombia to South Africa encouraging people to report the bribes they pay to get a drivers' license, a birth certificate or even to see an emergency doctor.

Daily Corruption News: 9 August 2012

India: India yoga guru Baba Ramdev launches protest
Associated Press

Indians shouted patriotic slogans and listened to a rousing speech from a charismatic yoga guru who began fasting Thursday to pressure the government to bring back billions of ill-gotten gains — so-called black money — citizens have stashed in foreign banks.

Daily Corruption News: 8 August 2012

Germany: German companies push to join anti-graft treaty
Associated Press (TI mention)

Major German companies including auto maker Daimler and engineering giant Siemens have written to lawmakers urging them to ratify an international anti-corruption treaty, warning that failure to do so risks harming the reputation of German firms abroad.

Daily Corruption News: 7 August 2012

Global: Standard Chartered shares trade sharply lower following US allegations of money laundering
Associated Press

Standard Chartered PLC saw around 8 billion pounds ($12.5 billion) wiped off its market value Tuesday after the New York state regulator accused the U.K. bank of being involved in laundering money for Iran, dealing a further blow to the City of London's reputation as a financial centre.

Daily Corruption News: 6 August 2012

Global: Italian road to Suntech’s China fraud was paved with warnings
Reuters

A major lender to China's Suntech Power Holdings, a solar panel maker which has been stung by a $690 million fraud linked to its expansion in Italy, financed the expansion despite warnings from a business ally to avoid Italy's scam-ridden solar sector.

Daily Corruption News: 3 August 2012

India: India activist Anna Hazare set to call off fast
BBC

Indian anti-corruption activist Anna Hazare has called off a protest hunger strike after announcing plans to enter politics.

Daily Corruption News: 2 August 2012

Brazil: Q&A: Brazil's 'big monthly' corruption trial
BBC

Dozens of defendants are due to go on trial at the Brazilian Supreme Court on Thursday in what is billed as one of the biggest political corruption scandals in the country's recent history.

Daily Corruption News: 1 August 2012

Global: Olympus says it may have violated bribery law
The Wall Street Journal

In an early test of its effort to enhance regulatory compliance after a multibillion-dollar accounting scandal, Olympus Corp. said it had informed the U.S. Justice Department of possible expense-accounting irregularities in Brazil that may have violated U.S. antibribery law.

Daily Corruption News: 30 July 2012

Global: Berkshire Bank sues Barclays, Citigroup over alleged Libor fraud
Bloomberg Businessweek

The Berkshire Bank, a New York lender with 11 branches, sued 21 banks including Bank of America Corp, Barclays Plc and Citigroup Inc. for damages over the alleged manipulation of the London Interbank Offered Rate.

Daily Corruption News: 27 July 2012

Global: Anti-corruption views - Corruption and the Olympics
TrustLaw (TI mention, opinion)

The Olympic Games are a wonderful celebration of excellence in sport.  But is there a danger that corruption may have tainted the Games?