Word: scandalized
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...promised to stop the "checkbook diplomacy" that previous leaders have practiced for decades. Indeed, Taiwan's long-standing practice of wooing small, often poor, international allies with economic aid has occasionally proven embarrassing. In May, a scandal erupted when middlemen commissioned by Taipei to help seduce Papua New Guinea away from Beijing were accused of absconding with $30 million of government funds. Even if, as analysts expect, Taiwan doesn't offer Paraguay the full $71 million, by going, Ma risks being seen as continuing the practice of bribing impoverished nations in Latin America and Africa for their support. "Ma should...
...city, was first proposed in 2003 but construction still hasn't begun. Labor advocates have demanded the government further restrict competition from foreign workers, build public housing and raise the minimum wage to alleviate the financial strain in the working class. Ho's administration was also brushed by scandal when his former Transport and Public Works Secretary, Ao Man-long, was sentenced to 27 years in prison in January for taking kickbacks on construction projects...
...unprecedented move, the supervisory board of German engineering giant Siemens AG on Tuesday launched plans to sue 11 former management board executives, including former CEOs Heinrich von Pierer and Klaus Kleinfeld, over alleged supervisory failings linked to a $2 billion bribes-for-business scandal...
...board's decision came after the sentencing on Monday of Reinhard Siekaczek, a former midlevel manager in Siemens' telecommunications business, the first conviction in connection with the bribery scandal, which became public in late 2006 and may reach back to 2000. Siekaczek admitted to overseeing a system in which he diverted company funds into secret bank accounts that were used to pay bribes. The Munich court fined Siekaczek $170,000 and issued a two-year suspended prison sentence. The Munich prosecutor said he hoped Siekaczek's lenient sentence, offered in exchange for a full confession, would encourage many...
...criminal charges have been filed in connection with the slush-fund scandal against either von Pierer, whose tenure as CEO stretched from 1992 to 2005, or Kleinfeld, who became CEO in 2005 and resigned under pressure in April 2007 as the bribery investigation widened. Both men maintain their innocence. Nevertheless, the supervisory board is seeking compensation for damages to the company, which it claims resulted as a failure of the executives to carry out their oversight responsibilities...