The week in corruption: 8 stories making the news

The week in corruption: 8 stories making the news

US targets US$1 billion in assets in Malaysian embezzlement case
The New York Times

“A $30.6 million penthouse at the Time Warner Center in Manhattan, overlooking Central Park. A $39 million mansion in the Los Angeles hills. A $17.5 million tear-down in Beverly Hills. Each was bought anonymously, the source of its financing hidden. [...] the [US] Department of Justice charged that these lavish properties were among the more than $1 billion in United States assets bought with money stolen from Malaysia’s sovereign wealth fund by people close to that country’s embattled prime minister, Najib Razak."

Russian Olympic ban upheld, Moscow denounces 'crime against sport'
Reuters

“Sport's highest tribunal rejected on Thursday Russia's appeal against a doping ban for its entire athletics team from the Rio Olympics starting in 15 days' time, drawing swift and angry condemnation from Moscow."

Scandal-hit Petrobras reels as corruption claims persist
Financial Times

“Aggrieved investors in Brazil’s Petrobras have suffered over the past two years as an investigation into the state-run oil company has showed how corrupt former directors spent company funds on everything from art collections to Range Rover Evoques."

Mexico wins: anti-corruption reform approved
Forbes

“Mexico just approved an anti-corruption reform that required changing 14 constitutional articles, drafting 2 new general laws, and reforming five more. This is not minor. The reform is, by far, the most encompassing system to identify and sanction corruption that the country has ever had and its effects will be felt quite soon."

Prominent Belarusian-born journalist Pavel Sheremet killed In Kyiv car blast
RFERL

“Pavel Sheremet, an award-winning journalist whose reporting challenged the authorities in Belarus, Russia, and Ukraine over the past two decades, was killed on July 20 when the car he was driving was destroyed by a bomb in downtown Kyiv."

Top Volkswagen executives accused of fraud in emission scandal
CNN

“Top Volkswagen executives engaged in a "massive fraud" to intentionally sell diesel cars that violated emissions rules, according to a lawsuit filed Tuesday by the New York and Massachusetts attorneys general."

Austria indicts former finance minister for corruption
Bloomberg

“Austria indicted a former finance minister and 15 other people for corruption linked to a 2.45 billion euro ($2.7 billion) sale of state assets."

Corruption in South Africa stunting reforms: IMF
Reuters

“Corruption in South Africa is hampering reforms needed to boost economic growth and greater transparency is needed at state-owned companies, a senior International Monetary Fund (IMF) official said on Tuesday."

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While the G20 drags its feet, the corrupt continue to benefit from anonymous company ownership

The corrupt don’t like paper trails, they like secrecy. What better way to hide corrupt activity than with a secret company or trust as a front? You can anonymously open bank accounts, make transfers and launder dirty money. If the company is not registered in your name, it can't always be traced back to you.

Urging leaders to act against corruption in the Americas

The hot topic at the 2018 Summit of the Americas is how governments can combat corruption at the highest levels across North and South America.

The impact of land corruption on women: insights from Africa

As part of International Women’s Day, Transparency International is launching the Women, Land and Corruption resource book. This is a collection of unique articles and research findings that describe and analyse the prevalence of land corruption in Africa – and its disproportionate effect on women – presented together with innovative responses from organisations across the continent.

Passport dealers of Europe: navigating the Golden Visa market

Coast or mountains? Real estate or business investment? Want your money back in five years? If you're rich, there are an array of options for European ‘Golden Visas’ at your fingertips, each granting EU residence or citizenship rights.

How the G20 can make state-owned enterprises champions of integrity

For the first time in its presidency of the G20, Argentina is hosting country representatives from across the globe to address the best ways of curtailing corruption and promoting integrity in state-owned enterprises (SOEs).

Europe and Central Asia: More civil engagement needed (Part II)

As follow-up to the regional analysis of Eastern Europe and Central Asia, additional examples from Albania, Kosovo and Georgia highlight the need for more progress in anti-corruption efforts in these countries and across the region.

Lutte contre la corruption en Afrique: Du bon et du moins bon

La publication de la dernière édition de l’Indice de perception de la corruption (IPC) offre un bon point de repère pour situer les efforts de lutte contre la corruption que l’Union africaine (UA) poursuivra tout au long de 2018

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