corruption News

Vice Chair of State-Owned People’s Insurance Group of China in Corruption Probe

The vice chairman of state-owned People’s Insurance Group of China is being investigated for alleged discipline violations, the ruling Communist Party’s anti-corruption watchdog said on Thursday, employing the usual euphemism for corruption. Wang Yincheng is the latest senior official of …

Ex-New Orleans Mayor Nagin Charged With Bribery

More than a decade ago, Ray Nagin was elected mayor of New Orleans on a vow to root out corruption in a city plagued by decades of it. On Jan. 18, the former mayor was indicted on charges he lined …

Transparency International Releases Latest Global Corruption Index

In Transparency International’s 2012 Corruption Perceptions Index, Denmark, Finland and New Zealand tied for first place out of 176 countries – meaning they were perceived to have the lowest levels of state sector corruption. Sweden was fourth with Singapore ranked …

World Economic Climate Continues to Decline: ICC/Ifo Survey

The health of the world’s economy continues to deteriorate as insufficient demand, unemployment and the on-going debt crisis in Europe undermine recovery efforts, according to the latest findings from the ICC-Ifo World Economic Survey (WES). The ICC said that “based …

Defendant in Louisiana Bribery Case Enters not Guilty Plea

The Kenner, La., businessman accused of bribing former Jefferson Parish President Aaron Broussard has pleaded not guilty in federal court in New Orleans. Bill Mack entered the plea to conspiring to bribe Broussard during his initial appearance before U.S. Magistrate …

Texas Attorney Convicted of Paying Bribe Money to Judge

A South Texas attorney has been convicted on charges related to bribing a judge for favorable rulings in court cases, including insurance related litigation. United States Attorney Kenneth Magidson announced that Ray Roman Marchan of Brownsville, Texas, has been found …

Report: Risk for Corruption High in South Central States

Although none of the 50 U.S. state governments were found to be exemplary, three out of four of the South Central states received very lackluster rankings in a report evaluating state governments on integrity and the ability to prevent corruption …

Japan Tries, Again, to Cut Corporate Ties to Yakuza Crime Syndicates

Aki Tsurumaki says he never felt his life was in danger during the 15 years he has been helping companies escape entanglements with Japan’s “yakuza” crime syndicates. But the 42-year-old lawyer jokes that he does not take any chances, adding …

UK’s Willis Limited Reaches Settlement with FSA

UK insurance broker Willis Limited, a subsidiary of Willis Group Holdings, announced that it has reached a settlement with the Financial Services Authority (FSA) for breaches of the FSA Handbook. Willis explained that the findings principally concern the way it …

Britain: Is It More Corrupt Than It Thinks? Is the U.S.?