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Business 30 Mar 2011 | 12:00 AM

India’s corruption curse

IS corruption crippling India? At first glance, such a question seems absurd. Yet a combination of factors that have mushroomed over time has raised serious concerns about the threat that corruption poses to the very fabric of the Indian state.

Business 09 Apr 2011 | 12:00 AM

Singapore casino regulator probing claims of illegal activity

SINGAPORE: Singapore#8217;s casino regulator is investigating allegations of illegal activities in the city-state#8217;s casinos, its spokesman said yesterday.nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;

Business 18 Apr 2011 | 12:00 AM

Verwaayen shows his respect and concern

PETALING JAYA: Alcatel-Lucent chief executive officer Ben Verwaayen had flown to Malaysia to meet the top brass of Telekom Malaysia Bhd (TM) to clear the air over the one-year ban on the French equipment vendor.

Business 02 Jun 2011 | 12:00 AM

Alcatel finalizes bribery settlement; US$137mil in all

MIAMI (AP) - French telecommunications company Alcatel-Lucent SA finalized its settlement Wednesday with the U.S. over bribes paid to officials in Costa Rica, Honduras, Malaysia and Taiwan.

Business 20 Jun 2011 | 12:00 AM

The UK Bribery Act is coming, are you ready for it?

IN May last year, I wrote an article titled i>How not to win a corruption pageant/i>. In this article, I discussed the issue of bribery and corruption generally and made reference to the US Foreign Corrupt Practices Act (FCPA), the Australian Bribery of Foreign Public Officials legislation and the 'soon-to-be-passed UK Bribery Act'.

Business 01 Jul 2011 | 12:00 AM

Australian currency firms charged with bribery

SYDNEY: Australian federal police charged two currency printing firms and several of their former senior managers on Friday with bribing foreign officials to secure bank note supply contracts.

Business 12 Jul 2011 | 12:00 AM

Murdoch grip on reins comes under fire in hacking

LOS ANGELES: As investors punished News Corp.'s stock again on Monday, questions arose anew about the leadership of its chief executive, Rupert Murdoch.

Business 14 Jul 2011 | 12:00 AM

Phone hacking on long list of journalism scandals

NEW YORK: Before the technology existed for Rupert Murdoch's journalists to hack into phone records, past generations of dubious reporters have given readers 4-foot(1.2-meter)-tall furry creatures living on the moon, a bogus 8-year-old heroin addict and a nonexistent interview with a sick president that won a Pulitzer Prize.

Business 20 Jul 2011 | 12:00 AM

News Corp. independent directors hire law firm

NEW YORK (AP) - News Corp.'s nine independent directors have hired corporate law firm Debevoise Plimpton LLP to advise them on how to oversee the internal committee set up to investigate phone hacking and police bribery allegations at the company's U.K. newspapers, the law firm said Tuesday.

Business 28 Jul 2011 | 12:00 AM

Diageo paying $16.4M to settle US bribery charges

WASHINGTON (AP) - Diageo PLC, the world's biggest liquor producer, has agreed to pay about $16.4 million to settle civil allegations of bribing government officials in India, Thailand and South Korea to get sales and tax benefits for its Johnnie Walker and Windsor Scotch whiskeys and other brands.