Companies deprive Africa of urgently needed financial means

A report by the High Level Panel on Illicit Financial Flows published in February 2015 revealed that Africa looses up to $ 50 billion a year due to fraudulent schemes among governments and multinational companies. This amount doubles the annual   ... →

Corruption allegations: GlaxoSmithKline pays kickbacks to doctors and government officials

The former head of the Chinese division of GlaxoSmithKline has been charged with corruption in connection with the unraveling bribery scandal in which GSK paid off doctors and government officials. In the past six years Mark Reilly and some of   ... →

BNP Paribas and Credit Suisse: Criminal proceeedings in the USA

Once again European Banks have been threatened with large fines due to misconduct. The ‘Wall Street Online’ reports that investigations against BNP Paribas have been ongoing since 2009. The Manhattan District Attorneys Office as well as the Federal Prosecutor are   ... →

Barrick Gold and AngloGold Ashanti (AGA): profiting from deception and depriving Tanzania

Fraud and tax avoidance Tanzania

Tanzania, located atop 45 million ounce of gold, economically valued at US$39 billion, is Africa’s third largest gold producer. Barrick Gold and AGA are primarily involved in operating Tanzania’s gold mines, with exports amounting to   ... →