“But the S.E.C., of all agencies, has a duty, inherent in its statutory mission, to see that the truth emerges; and if it fails to do so, the Court must not, in the name of deference or convenience, grant judicial enforcement to the agency’s contrivances.”
A geographical survey has estimated that waters off Liberia, Sierra Leone, Guinea and Ghana could contain reserves of up to 3,200 million barrels of oil.
In a recent annual review of the World Bank’s anti-graft unit’s work, it seems that many countries are failing to follow through with investigations of corrupt conduct referred to them by bank officials.
Rating agencies, officially known as nationally recognized statistical rating organizations or NRSROs, played a key role in the evolution of the market crisis.
The SEC seems to be haunted by the ghosts of debacles past.
A Cuban court has convicted 15 government officials and businessmen of corruption and bribery involving the state-owned airline and tourism agency, receiving sentences ranging from three to ten years.
Sometimes the hardest thing is to follow your own advice.
Since the FCPA only applies to foreign officials, the definition of that term is critical to the application of the statute.
It has been reported that the Economic and Financial Crimes Commission ("EFCC"), the Nigerian agency charged with combating financial and economic crime, have arrested more than 12 top executives of four multinational oil firms in separate raids last month, for their alleged involvement in a bribe scandal.
It has been reported that G-Mobile, a mobile phone licence holder in Malawi, plans to sue the country's Minister of Information, Mr Symon Vuwa Kaunda, for accusing the company of trying to bribe him.