Keyword: corruption

News

Saudi Aramco IPO Clouded by Weekend Purge

07.11.2017 - Doubt continues to be cast on whether Saudi Arabia’s planned initial public offering of 5% of its shares in national flagship oil and petrochemicals group Saudi Aramco will go...

News

Braskem Agrees Fine for “Car Wash” Scandal

16.12.2016 - Brazilian polyolefins producer Braskem has agreed to pay fines and indemnities worth $957 million relating to the “car wash” scandal that erupted in 2014. The company has signed a...

News

Brazil’s Petrobras to Exit Petrochemicals

23.09.2016 - Brazilian oil giant Petrobras is planning to exit its petrochemical investments and other activities as it seeks to accelerate its debt reduction. The troubled Rio de Janeiro-based...

News

Rompetrol Assets Seized in Corruption Probe

11.05.2016 - Romanian prosecutors have seized the assets of Rompetrol’s Petromidia refining and petrochemicals complex as part of an investigation into the company’s privatization, which took...

News

China Fines GSK Nearly $500 Million on Bribery Charges

23.09.2014 - GlaxoSmithkline (GSK), the UK's largest pharmaceutical producer, will pay the Chinese government nearly $500 million in fines after being found guilty of offering bribes to...

Logistics & Supply Chain

Global Supply Chains and Corruption

30.10.2013 - Barrier To Business - One of the defining trends of the past three decades has been globalization. In order to take advantage of low-cost labor in emerging economies, companies...

News

Ghana Hopes to Shield Economy from African Oil Curse

21.05.2013 - Oil brought riches to Nigeria but also ravaged its economy and fuelled corruption and conflict. Now nearby Ghana has begun production and wants to take the wealth but dodge the oil...

News

Eni Says CEO Under Investigation in Saipem Contracts Probe

07.02.2013 - Milan prosecutors have put Paolo Scaroni, head of Italy's Eni, under investigation in a probe into alleged bribes by Saipem, in which Eni is the largest investor, to win contracts...