Bucharest mayor taken into custody in corruption probe The mayor of Romania’s capital Bucharest was taken into custody on Saturday night on suspicion of taking kickbacks on municipal tenders, anti-corruption officials said. Mayor Sorin Oprescu is accused of being among a group of officials that demanded a share in the profits made by companies that Read more >
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CORRUPTION NEWS
By Khalil Goga At the recent Pan-African Parliament session in South Africa, former South African president Thabo Mbeki presented the African Union high-level report on illicit financial flows (IFFs). The parliament accepted the report and its recommendations, showing an increased urgency in limiting IFFs on the continent. The Mbeki report refers to IFFs as funds Read more >
CORRUPTION NEWS
Africa has been bleeding for decades, losing trillions of dollars to tax dodgers through illicit financial flows. This phenomenon, a common practice by multinational corporations, is also known as “illicit financial flight”. This is money that could have gone towards development interests for millions of Africans. To help remedy the state of affairs, a new Read more >
CORRUPTION NEWS
Corruption Watch has made submissions on the draft Financial Intelligence Centre (FIC) amendment bill. The treasury published the bill on 21 April, and invited public comment until 31 May. The bill was approved by Cabinet on 15 April. “We are generally impressed by the commitment by the National Treasury and FIC to deal with the Read more >
CORRUPTION NEWS
Former president Thabo Mbeki chairs the African Union’s high level panel on illicit financial flows (IFFs). He addressed the Pan-African Parliament last week on the excessive cost to Africa of these illegal activities. Read Mbeki’s full speech below. Honourable President and Vice Presidents of the Pan African Parliament, Honourable Members, Ladies and Gentlemen: I would Read more >
CORRUPTION NEWS
Former crime intelligence head Richard Mdluli and his two co-accused, Heine Barnard and now Solomon Lazarus, don’t have long to wait until they go on trial. However, South Africans may have to wait until the trial begins in August to know the crimes for which the trio has to answer. According to media reports, the Read more >
CORRUPTION NEWS
As a national chapter-in-formation of global anti-corruption watchdog Transparency International (TI), Corruption Watch is actively involved in TI’s campaign Unmask the Corrupt, which aims to stop perpetrators of corruption from hiding their ill-gotten gains in companies that operate in secret or with opaque corporate ownership structures, or by laundering the proceeds into luxury goods or offshore Read more >
CORRUPTION NEWS
Corruption Watch executive director David Lewis chatted to Moneyweb’s Siki Mgabadeli in the wake of the news that the G20 has adopted strict new principles to tackle money laundering and undisclosed beneficial ownership. Download this interview as an MP3 Siki Mgabadeli: G20 leaders over the weekend vowed to implement an anti-corruption action plan as part Read more >
CORRUPTION NEWS
The G20 summit might be over for this year, but for anti-corruption activists the work has just begun. Three prominent South Africans – Corruption Watch chairperson Archbishop Njongonkulu Ndungane, Archbishop Emeritus and Nobel laureate Desmond Tutu, and former Constitutional Court judge Richard Goldstone – joined the call earlier in November to the leaders of the Read more >