Coca-Cola And Nestlé To Privatize The Largest Reserve Of Water In South America
Category: Corporate Crime
These trillions are kept out of sight, locked away by the capitalist rulers, and workers are told that cut backs to health care, education and pensions are needed to balance the government budget. The “Paradise Papers” confirm that the capitalist economic system we live under is bankrupt as far as the working class is concerned. It is the workers who create value – surplus value – and the capitalist class skims it off, demonstrating the fact that capitalists are parasites, who are not necessary for human development and production.
The employment department is refusing to reveal the identities of the directors who contributed to a total unpaid wage bill of $1.6bn over 10 years, which was left to taxpayers to pick up.
Government shields directors after taxpayers foot $1.6bn wage dues | Australia news | The Guardian
A new film tells the story of Crossett, Arkansas – a small town dominated by a Koch brothers-owned paper mill, blamed for dumping cancer-causing chemicals
Source: Company Town: ‘quiet tragedy’ of an Arkansas community vs the Kochs | US news | The Guardian
Exclusive: Allegations by Indian customs of huge sums being siphoned off to tax havens from projects are contained in legal documents but denied by company
Victorian public school cleaning contracts are being slashed in a bid to stop staff being routinely underpaid and exploited by rogue operators.
Police investigating London’s Grenfell Tower disaster, in which 80 people were killed in rapidly spreading fire, have sent a letter to survivors and families of victims saying there are “reasonable grounds” to suspect it was a case of corporate manslaughter.
The retirement village industry is crying out for federal oversight.
Source: Time for Turnbull to put politics aside and reform retirement village industry
More than 60,000 mines have been abandoned across Australia, according to a report that raises concerns about how land rehabilitation is managed.
“I will say straight that we want to sell this sponsorship,” a Domino’s Pizza franchisee blurts down the line in Mandarin.
More 7-Eleven workers are speaking out about the so-called cash back scam, in which employees are forced to hand back part of their pay to franchisees of the convenience chain.
More than 40,000 Nigerians demand action from Shell to clean up oil spills that have devastated communities for decades.
Source: Shell sued in UK for ‘decades of oil spills’ in Nigeria – News from Al Jazeera
The Australian Securities and Investments Commission has described them as “expensive” and “poor value”.
Source: Add-on insurance products sold by car dealers are failing consumers: ASIC
Multinational companies are perpetrating a multi-billion tax rip-off, writes Martin Feil.
Unlike other insurers you cannot get an insurance quote from Youi online – it must be through a phone interview. That’s where the trouble starts.
Source: Does Youi owe you? Insurer accused of billing without consent
An investigation reveals the Government has clawed back more than $41 million in false claims by private employment agencies.
MICHAEL SMITH (7-Eleven Chairman): Well I think you’ve come to the nub of the issue. We were on fire when this happened and we needed to act really quickly. We appointed the panel and we’re very grateful that they came to help us to make that as an issue that we didn’t have to spend…
Colgate-Palmolive is hit with the equal third biggest penalty for cartel conduct in Australian history for price and supply fixing of laundry detergents.
Source: Süddeutsche.de
Until the moment that Fairfax Media and The Huffington Post hit the “publish” button at 10pm on Wednesday, AEST, revealing how the oil industry really works, our investigative team was on tenterhooks.
Source: How bribe factory Unaoil tried to stop us telling their secrets
Secret emails obtained by Fairfax Media reveal the extent of Unaoil’s corrupt influence on the Iraq government.
More Australians have been implicated in the growing scandal over corruption in the oil industry as the FBI joins forces with British and Australian police to investigate revelations of a huge global bribery racket.
Anti-corruption experts in the US and Europe have urged Australia to properly resource and empower its anti-bribery regime as Australia emerges as the “dumping ground” for dirty money from Asia.
Source: The world thinks Australia should lift its anti-corruption game
A global bribery scheme that implicates leading Western multinationals including Leighton holdings has been exposed by the leak of confidential files in the oil industry.
The headquarters of global oil company Unaoil and the homes of their executives have been raided by police in the wake of revelations in recent days that the Monaco company systematically corrupted the global oil industry.
Source: Unaoil chiefs questioned by police after Fairfax revelations
A global bribery scheme that implicates leading Western multinationals and government officials has been exposed by the leak of confidential files in the oil industry.
Source: Unaoil: Why we must act
A global bribery scheme that implicates leading Western multinationals including Leighton holdings has been exposed by the leak of confidential files in the oil industry.
A global bribery scheme that implicates leading Western multinationals and government officials has been exposed by the leak of confidential files in the oil industry.
Source: The Bribe Factory
Taxpayers could be forced to stump up tens of millions of dollars to clean up the site of Clive Palmer’s north Queensland refinery.
It is looking more and more likely that orcas swimming in European waters will soon be a thing of the past. An extensive study investigating four species of whales and dolphins living off the coast of Europe has found that the levels of a harmful chemical, polychlorinated biphenyl, in the marine mammals’ fat are the highest recorded anywhere in the world.
Source: Toxic Levels Of Chemicals Found In European Marine Mammals | IFLScience
2015’s corporate scandals should serve as a nail in the coffin of old, outdated ways of doing business, says Pavan Sukhdev
“Concussion” director Peter Landesman on the NFL and its brain trauma denial.
Source: This Movie Tackles “One of the Most Powerful Corporate Institutions on Planet Earth” | Mother Jones
The company says owners of affected models do not need to take any action until a technical solution is made available by its head office in Germany
Source: Volkswagen Australia confirms 77,000 cars with emissions-rigging software | Business | The Guardian
Australia’s all-or-nothing approach to companies being investigated for foreign bribery should be changed, BHP Billiton has told a senate committee.
Source: Companies investigated for foreign bribery should be able to cut deals: BHP
Scandal-plagued 7-Eleven’s newly minted chairman has declared the nation has a widespread problem with wage fraud and revealed that even his own daughter has been ripped off.
Source: 7-Eleven: New chairman says Australia has widespread wage fraud problem
Companies investigated for foreign bribery should be able to cut deals: BHP – Richard Baker, Nick McKenzie
” Australian companies being investigated for foreign bribery should be able to cut deals with police to avoid criminal prosecutions, according to BHP Billiton.
In a submission published by the senate committee on foreign bribery, BHP Billiton said Australia’s laws on foreign bribery should be changed to allow companies to make deferred or non-prosecution agreements with authorities for lower-scale bribery-related incidents.
Unlike the UK and US, which allow companies to reach settlements with authorities, Australia only permits federal police to lay criminal charges or take no action at all. Foreign bribery investigations involving Australian companies are usually lengthy, costly and difficult for police to gather evidence from overseas jurisdictions.
A BHP Billiton executive said the Australian approach was “all or nothing”.
Despite Australia making foreign bribery a criminal offence since 1999, the AFP has launched only two prosecutions.The most well known case, which involves subsidiaries of the Reserve Bank of Australia and their top former executives, is still before the courts despite charges being laid more than four years ago.
The AFP is still investigating BHP Billiton for foreign bribery issues. It also has long-running investigations into Leighton Holdings, now known as CIMIC, and Tenix.
BHP Billiton has first-hand experience of negotiating a settlement after the US Securities Exchange Commission this year fined it $US25 million for breaching the Foreign Corrupt Practices Act in relation to its 2008 Beijing Olympics hospitality for foreign officials
The mining giant also wants the defence of a “facilitation payment” to be removed from Australia’s criminal code. Some companies argue that a facilitation payment to a foreign official to get them to quickly fulfil one of their responsibilities, such as expediting a licence renewal, are acceptable and do not constitute a bribe. ”
VW’s existential crisis has revealed the weaknesses inherent in western economies. Change must now happen
As important as it is to manage crises in the correct manner, there are some mistakes that simply cannot be unmade.
Source: Volkswagen scandal: Even textbook crisis management can’t save VW
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