Word: frauds
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...Since taking power in mid-January amid allegations of electoral fraud in the run-up to Jan. 22's now-postponed elections, the interim government has rounded up thousands of lower level officials. But as government communications adviser Major General M.A. Matin told reporters, "Our business at the moment is netting big fish." Among them: senior politicians and former ministers from both the Bangladesh Nationalist Party (BNP) and its archrival, the Awami League (AL). The detainees, who maintain their innocence, have been imprisoned for 30 days without bail on suspicion of "antistate activities, sabotage and corruption." They have...
Shareholder lawsuits are also blamed unfairly. Those suits typically accuse a company of securities fraud soon after its stock price plummets, and a 1995 federal law made them harder to pursue. After peaking in 1998, the number of such suits declined through last year. Bloomberg and Schumer have helpfully pointed out that settlements in shareholder suits have "skyrocketed" from $150 million in 1980 to $9.6 billion in 2005, which sounds impressive, except that most of the $9.6 billion came from the WorldCom settlement of $6.1 billion and nine other settlements of $100 million or more each...
...accusations of graft. The CNS is currently investigating 52 cases of possible corruption or abuse of power during his time in office and has said it may bring charges by the end of February. Thaksin's old Thai Rak Thai party is also being probed for possible electoral fraud in the polls last April, which were eventually nullified. Even the ex-PM's showcase project-Suvarnabhumi Airport, which opened just nine days after Thaksin fell from power-has been tainted by claims of a rush job and of corruption. Late last month, international inspectors refused to certify the airport...
...closed session, according to several people familiar with the proceedings, the British officials sketched out details of the case: the Serious Fraud Office (sfo) had uncovered various strands of alleged corruption at BAE Systems, a U.K. defense contractor, including one that allegedly involved a member of the Saudi royal family. (The company denies any wrongdoing.) But, the officials continued, the fraud office's director in London had decided to discontinue the investigation after several meetings with the British ambassador in Saudi Arabia . The reason given: national security...
...office with a whopping 62% vote mandate. But look at some of the people he has to deal with in the country's congress: Fernando Collor de Melo, a former president impeached in 1992 on corruption charges; Paulo Maluf, a two-time Mayor of Sao Paulo convicted of fraud; and Clodovil, a camp television presenter and former stylist to the stars who, when asked to name some pet projects he would bring to the new parliament replied, "I have no projects." And this was after Brazilians voted out half of the former congress, which was already considered...