Jamaica: High Court orders government to pay $1.5 million to a cop cleared of corruption charges.

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The High Court in Jamaica has ordered government to pay $1.5 million to a cop cleared of corruption charges. The award by Justice Kissock Laing was handed down last month in a lawsuit filed against the State by then Constable Rennon Walker for malicious prosecution. Walker was arrested and charged in November 2008 with two counts of breaches of the Corruption Prevention Act. He was accused of corruptly soliciting $23,000 and $8,000 from two St Catherine residents to avoid prosecution. http://jamaica-gleaner.com/article/lead-stories/20160628/court-awards-15m-cop-cleared-corruption-charges

Malaysia: Corruption in Malaysia firms has increased in the year 2016

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Corruption in Malaysia firms has increased in the year 2016 with more companies involved in bribery. The report released by Powerhouse Consulting shows that 30% of the companies reported losses of over US$100,000 (RM402, 000) from economic crime, a rather big jump compared with 19% two years ago, making it the highest among the country’s major trading partners, save for China. Meanwhile, 13% of the participants said they had lost more than US$1 million to economic crime. Most of the economic crimes perpetrated within Malaysia’s private sector happened through asset misappropriation, or essentially stealing a company’s available cash or assets.http://www.theedgemarkets.com/my/article/corruption-malaysian-firms-rises-2016-%E2%80%94-pwc

Global: How do tax havens contribute to corruption?

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Tax havens contribute to corruption in the following ways:

1)      They ensure banking clients’ total secrecy,

2)       they release no information to other countries’ tax authorities,

3)      They offer a low- or zero-level tax rate for people who are non-domiciled.

Opening companies in tax havens is completely legal. The problem is the ends for which these companies are used. The principal aim is tax avoidance, achieved for the most part through lawful mechanisms. But the same mechanisms are used to launder dirty money – that is, the proceeds of crime. https://www.theguardian.com/commentisfree/2016/jun/23/real-threat-britain-borders-flow-dirty-money-eu

 

 

South Sudan: 16 Public officials sentenced to life imprisonment over corruption

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High court in South Sudan has sentenced 16 public officials to life imprisonment over corruption.  The officials reportedly occasioned the loss of more than $14 million from the Office of the President.http://allafrica.com/stories/201606140701.html

Thailand: New center for foreign investors to lay graft complaints

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Thailand   has passed a law to establish the center for foreign investors to launch complains about corruption. The center will provide an opportunity for   foreign investors to launch complains and seek fair treatment when aggrieved. http://www.bangkokpost.com/news/politics/1004029/new-centre-for-foreign-investors-to-lay-graft-complaints

   
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