Corruption
Prem Sikka: How UK regulators have covered up corruption and fraud
Corporate cover-ups go right to the top, writes accounting expert Professor Prem Sikka. Read here
Regulatory Capture
Corruption
Environmental Working Group: Jury Slams Bayer-Monsanto in Latest Roundup Cancer Trial
This is the difference between corrupt EU and German politicians and objective juries. Despite repeated warnings, which were suppressed, apparently also with illegal means (see this) Roundup has gotten literally away with murder – and […]
Corruption
European CEO: European banking regulator faces criticism after failing to take action on Danske Bank scandal
This is pretty much par for the course with regard to the EU and financial crime. What do laws and regulations matter, when it is a question of the intereests of financial trans-nationals. Read here
Corruption
Prem Sikka: The accountants’ laundromat: How Britain is still washing dirty money
British accounting regulators are scared of cracking down on laundering, writes Prem Sikka. Read here
Corruption
Bloomberg: KPMG, EY Reported to Police Amid Danish Laundering Probes
The big four auditing companies are caught up in almost every major financial scandal in Europe. Now in Denmark. Read here
Corruption
Reuters – Explainer: Europe’s money laundering scandal
A nice summary of EU money-laundering – up to now. This story still has a lot of road ahead of it as the US authorities tend to be more strident in their investigations (see the […]
Corruption
Prem Sikka: The ‘Big Four’ accounting firms should be broken up
Britain goes from one massive accounting scandal to the next. There are two parallels: The reports were egregiously wrong and the accounting firms earned loads of money for these reports. Read here
Corruption
Politico: Bayer ordered to pay $80M in cancer case linked to Roundup weedkiller
Do not expect much to change in the EU. Germany’s National Champion Bayer bought Monsanto. The German government will not let this damage Bayer’s business in the EU, just as it has protected Volkswagen from […]
Corruption
Tax Justice Network – European Commission to Investigate Secret #LuxLeaks Tax Deal
It has taken almost five years for the EU to start to investigate the LuxLeaks document. No surprise. One of the leading architects of the tax cheating policy is the current EU president Jean-Claude Juncker. […]
Corruption
ICIJ: Seven EU Countries Labeled ‘Tax Havens’ in Parliament Report
A committee of the European Parliament has found that seven of the European Union’s own member states — including Ireland, the Netherlands and Luxembourg — behave like tax havens. Read here