Corruption

Confronting Corruption: Commitment, Innovation, Impact

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The World Bank Group (WBG) will mark International Anticorruption Day with a program of events that includes several panels and a 60-minute live conversation with WBG President Kim and former WBG President Wolfensohn. This event will be co-moderated by Pascale Hélène Dubois, Vice President of Integrity, and Deborah Wetzel, Senior Director, World Bank Governance Global Practice. World Bank Headquarters – video Read More »

Venezuela: Hunger by Default

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Economic mismanagement, corruption and dwindling reserves have forced Venezuela into penury and now into missed payments and partial default on its debts ICG Full-scale, internationally supervised negotiations involving a restored parliament are essential to pave the way to a debt restructuring and a free, fair presidential election. What happened?  On 14 November, credit ratings agencies declared Venezuela in partial default on its foreign debt, after the country failed to meet a $200 million payment to bondholders. Why did it happen?  Economic mismanagement ... Read More »

The Saudi Crown Prince Is Gambling Everything on Three Major Experiments

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A perceived failure on any of these undertakings could produce a crisis of legitimacy Hussein Ibish The Atlantic Call it shock and awe. Call it a purge. Call it a clean sweep.However it’s characterized, the mass arrest of some of Saudi Arabia’s most prominent royals, administrators, and tycoons last weekend has completely upended both the structure of the Saudi elite and the country’s way of doing business.It’s not exactly the Night of the Long Knives, as the luxurious Ritz-Carlton hotel ... Read More »

Lira crashes as Erdogan, Turkish gov’t implicated in Iran money-laundering scheme

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Case of Reza Zarrab seen as flash point in US-Turkey relations Asia Times The Turkish lira plummeted Friday after reports surfaced that a trader accused of helping Iran evade sanctions invoked the name of Turkish President Recep Erdogan as part of a money-laundering scheme. Bloomberg reports, citing court documents, that US prosecutors say the scheme was supported by Turkey’s… The lira dropped to its weakest point since January, hovering around an all-time low for the currency. From Bloomberg: ”US prosecutors in ... Read More »

Cyprus gave Manafort bank records to Mueller: report

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Authorities in Cyprus reportedly gave documents about former Trump campaign chairman Paul Manafort’s financial activities to special counsel Robert Mueller. Avery Anapol TheHill Citing people familiar with Mueller’s investigation, Bloomberg  reports that Cyprus gave Mueller’s team documents relating to Manafort and his associate Richard Gates just dates before they were indicted Monday. The 12-count indictment, stemming from Mueller’s probe of Russian interference in the presidential election, charges Manafort and Gates with money laundering and conspiracy against the United States, among… Cyprus gave Manafort… Read More »

Ex-Argentine Vice President detained on laundering charge

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Former Argentine Vice President Amado Boudou has been detained on charges of illicit enrichment and money laundering, joining other members of the administration of former President Cristina Fernandez who are under arrest. BUENOS AIRES – The Associated Press Hurriyet Boudou also served as economy minister during the 2007-2015 administration of Fernandez. A woman who works in the court of federal Judge Ariel Lijo says Boudou was detained in his Buenos Aires apartment Friday by coast guards and will be brought ... Read More »

Don’t Give up on Moldova

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Moldova is stuck in a geopolitical tug-of-war. The West should make more of an effort to pull it into its orbit Andrew Foxall Moldova—Europe’s poorest country—has struggled with the challenges of post-Soviet transition. The National Interest This transition has become vastly more difficult as a result of the breakdown of Europe’s post-Cold War security order in 2014. It is now caught up in a geopolitical tug-of-war between Russia and the West, and is at risk of becoming Europe’s next security crisis, with potential ... Read More »

Money laundering trial could further chill already tense US-Turkish relations

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U.S. and Turkish relations are already severely strained, and an upcoming trial in New York involving a businessman with links to Ankara’s political elite could see the situation worsen. Jeff Daniels CNBC The trial is likely to result in “a lot of dirty laundry getting aired,” according to an insider close to the case. “It is going to be very embarrassing to the Turks.” “There’s bad blood on both sides,” said Bulent Aliriza, founding director of the Turkey Project at ... Read More »

Miners leave themselves open to corruption, report finds

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US President Donald Trump described it as “draining the swamp”, a political promise he made to rid business and politics of deep-seated bribery and… Adele Ferguson The Sydney Morning Herald It could equally be applied to Australia, which has had its fair share of scandals and political capture in the past few… But understanding where the risks lie can be a useful first step in tackling the problem. Following a string of mining scandals, Australia’s biggest mining states Western Australia and ... Read More »

Auditor says he was forced to quit Vatican after finding irregularities

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The Vatican’s first auditor-general, who resigned without explanation in June, has broken his silence, saying he was forced to step down with trumped-up accusations after discovering evidence of possible illegal activity. Reuters Hurriyet Speaking to reporters from four media organizations including Reuters in the office of his lawyers in Rome, Libero Milone also said he believed that some in the Vatican wanted to slow down Pope Francis’s efforts at financial reform. He said he could not give details of the ... Read More »

Whose interests? Why defining the ‘public interest’ is such a challenge

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The “public interest” is a political concept that’s regularly trotted out along with other democratic principles such as transparency and accountability. Jane Johnston  The Conversation And, like transparency and accountability, it’s difficult to pin down exactly what it means. Former NSW Ombudsman Chris Wheeler has pointed out: ”… while it is one of the most used terms in the lexicon of public administration, it is arguably the least defined and least understood … identifying or determining the appropriate public interest ... Read More »

West Collects Data Discrediting Ukrainian Politicians

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According to the latest Western media revealing reports, the leadership of Ukraine loses the support of both Europe and the United States The West exposes the Ukrainian authorities for corruption. ISF In a recent issue of Focus, a German current affairs magazine, an article was published about the activities of Ukrainian President Petro Poroshenko and his entourage: As a result of Euromaidan, some oligarchs were replaced by others, and Ukraine is built out of patronage pyramids, which are based on ... Read More »

Guatemala Stumbles in Central America’s Anti-corruption Fight

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Guatemala’s fight against corruption is in danger after President Morales attempted to expel the head of a uniquely effective UN-backed anti-corruption organisation. In this Q&A, Crisis Group’s Analyst for Guatemala Arturo Matute says a corrupt elite is waging a battle to maintain its privileged position. Arturo Matute ICG What is happening in Guatemala? A remarkable and hopeful two-year interlude in one of Central America’s most corrupt countries may now be ending. The key reversal came on Friday 25 August 2017, at a ... Read More »

Pakistan could be moving toward new era of accountability

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There was nearly complete silence in Pakistan on Friday morning, as it was Judgment Day, not only for Nawaz Sharif, but also for his dynasty. TUBA ATHAR HASNAIN Asia Times Pakistanis around the world were glued to their television screens, and this time it was not because their very own Shahid Afridi was holding the bat on the cricket pitch to hit a six, but instead, the sitting prime minister was doing the batting. As soon as the clock ticked to 12:10, the ... Read More »

Pakistan’s Court Sets a Dangerous Precedent

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Pakistan’s Supreme Court disqualified Prime Minister Nawaz Sharif on Friday from holding public office for life in a corruption inquiry linked to the Panama Papers, which had named three of his children as owners of offshore companies suspected of laundering money. Aqil Shah The New York Times The court also ordered the National Accountability Bureau, the country’s top anticorruption agency, to file corruption cases against Mr. Sharif and his family members based on the evidence collected by the court appointed ... Read More »

Pakistani court removes PM Nawaz Sharif from office in Panama Papers case

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Disqualification from office over corruption allegations is the most serious political ramification yet of 2016 leak Sune Engel Rasmussen The Guardian Pakistan’s supreme court has removed the prime minister, Nawaz Sharif, from office in a unanimous verdict over corruption allegations that will further upset the country’s unstable political landscape. The verdict by the five-member court caps a year of political controversy over corruption allegations unleashed by the Pakistani court removes… Read More »