Brazil: Boxing tournament linked to corruption

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Senior figures within amateur boxing have warned many bouts, including those to decide medals, could be fixed at the Olympic Games in Rio de Janeiro amid widespread concern about corruption and financial malpractice at the sport’s global governing body, the Guardian can reveal. Horrified senior officials within the sport believe a cabal of officials are able to use their power to manipulate the draw and the judging system to ensure certain boxers will win. https://www.theguardian.com/sport/2016/aug/01/rio-2016-olympics-boxing-corruption-allegations

 

 

Indonesia: Corruption Eradication Commission (KPK) seeks legal authority to investigate private sector corruption

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Corruption Eradication Commission (KPK) in Indonesia is seeking legal authority to investigate private sector corruption.  Currently, Indonesian law allows its investigation authority to be limited to cases involving more than Rp 1 billion (US $76,274) and implicating government officials. KPK chairman Agus Rahardjo said 23.79 percent of the 496 corruption cases the antigraft body had handled so far had involved private entities. Corruption cases involving government officials ranked first, accounting for 26.01 percent of the total. http://www.thejakartapost.com/news/2016/07/26/kpk-wants-authority-to-investigate-private-sector-corruption.html

China: Gen Guo sentenced to death

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General Guo Boxiong has become the first high ranking Chinese military General to serve a life sentence for corruption.  Gen Guo 74, was accused of using his influence to seek promotions for others and of accepting bribes. He was stripped of his rank of general and his personal assets have been seized. President Xi Jinping has led a major anti-corruption campaign since taking office nearly four years ago.http://www.bbc.com/news/world-asia-china-36883608

Singapore: 177 Million seized in Malaysia corruption probe

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Singapore has seized $177 million, money siphoned from Malaysia and hidden in Singapore under the names of shell companies registered in different jurisdictions.  The money is believed to be part of the 1MDB, which was set up by Malaysian Prime Minister Najib Razak in 2009, then siphoned out of the public coffers. http://www.bbc.com/news/business-36852614

Global: Top Volkswagen executives accused of fraud in emission scandal

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Top Volkswagen executives have been accused of fraud in emission scandal. The executives are reported to have engaged in a massive fraud to intentionally sell diesel cars that violated emissions rules. VW has admitted that about 500,000 diesel cars it sold in the U.S. had software designed to cheat on emissions tests. But it repeatedly claimed the deception was executed by lower level employees, without any knowledge of top executives. http://money.cnn.com/2016/07/19/news/companies/volkswagen-top-executives-emissions-fraud/

   
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