Brazil Police Accuse Mining Firm Vale, Auditor of Fraud Related to Deadly Dam Collapse September 23, 2019 By Marta Nogueira Brazilian federal police proposed criminal charges against Vale SA, auditor TÜV SÜD and 13 of their employees, alleging fraud in...
New Swedbank CEO, Hired from Folksam, Criticized for Ties to Scandal-Hit Bank August 29, 2019 By Veronica Ek, Hanna Hoikkala and Niklas Magnusson Sweden’s biggest shareholder group has criticized Swedbank AB’s choice of chief executive officer, arguing the board opted for an insider...
South African Retailer Steinhoff to Sell Assets After $7B Accounting Fraud August 13, 2019 Scandal-hit South African retailer Steinhoff said on Tuesday its only hope for survival is to sell off assets to become...
Mnuchin, Lampert Want Sears D&O Policy to Pay Their Legal Fees August 12, 2019 By Josh Saul Almost four months ago, the bankrupt estate of Sears Holdings Corp. sued Eddie Lampert and U.S. Treasury Secretary Steven Mnuchin...
Fallout from Money Laundering Scandal Continues as Fines Loom for Swedbank July 17, 2019 By Frances Schwartzkopff Swedbank AB acknowledged it will no longer be able to live up to its goal of paying out one of...
Mining Firm Vale Must Fix All Damages from Deadly Dam Collapse: Brazil Court July 10, 2019 A Brazilian state judge on Tuesday convicted mining company Vale SA for damages caused by the deadly rupture of a...
Global Mining Firms Reveal Safety Plans for Tailings Dams After Deadly Brazil Disasters June 10, 2019 By Shriya Ramakrishnan and Sangameswaran S. Global miners BHP Group, Anglo American Plc and Glencore Plc revealed details on tailings dams, months after ethical investors sought...
Vale’s Gongo Soco Mine Tailings Dam Faces 10%-15% Risk of Collapse: Brazil Official May 21, 2019 Brazilian miner Vale‘s tailings dam in the town of Barao de Cocais in Minas Gerais has up to a 15%...
Brazil’s Vale Warns Another Mine Tailings Dam at Risk of Collapse May 17, 2019 By Marta Nogueira Brazilian iron ore miner Vale SA told prosecutors in the state of Minas Gerais that a dam is at risk...
Brazil’s Vale to Invest $2.5B in Technology to Prevent Mining Dam Disasters: Reuters May 10, 2019 By Marta Nogueira Brazil’s Vale said on Thursday that it plans to invest $2.5 billion over the next five years in technology that...