By Aibing Guo (Bloomberg) -- China’s anti-corruption investigators continued to zero in on the nation’s oil giants, calling on two of its biggest state-owned companies to review their overseas investments and accusing them of nepotism. The Central Commission for Discipline Inspection, the Communist Party’s top anti-graft agency, said officials at China National Petroleum … [Read more...]
Petrobras’s $100 Million Man Tops Graft Haul in Corruption Probe
By Sabrina Valle Dec. 3 (Bloomberg) -- Brazil’s biggest money laundering and corruption scandal just got bigger with a high-level executive’s pledge to return $100 million and testify against colleagues including his former boss at state-run Petroleo Brasileiro SA. Pedro Barusco, a third-tier executive who reported to the head of the engineering division until 2010, … [Read more...]
Admirals Under Investigation Amidst U.S. Navy Corruption Scandal
Two senior Admirals have now found themselves under the searing spotlight of a high profile criminal investigation that has already led to the arrest of two U.S. Navy Commanders, a Navy Criminal Investigator, and the firing of a Navy Captain. The U.S. Naval Criminal Investigative Service (NCIS) investigation is focused on getting to the bottom of a complex and lengthy scheme … [Read more...]