NEWS

This section provides readers with the latest news regarding anti-corruption issues worldwide.

Zhou case shows China's new resolve to tackle graft

Zhou Yongkang, the Politburo Standing Committee (PSC) member who headed China's internal security apparatus from 2007 until his retirement in 2012, has not been seen in public since October. He is reportedly under house arrest, and dozens of his close associates in the petroleum and security establishments -- as well as his son and other close kin -- having been detained for investigation. Read More

Half of countries in The Economist's crony-capitalist index are from Asia-Pacific

To test the claim that rent-seekers are on the rampage, we created a crony-capitalist index. Our approach builds on work by Ruchir Sharma of Morgan Stanley Investment Management, Aditi Gandhi and Michael Walton of New Delhi’s Centre for Policy Research, and others. We use data from Forbes to calculate the total wealth of those of the world’s billionaires who are active mainly in rent-heavy industries, and compare that total to world GDP to get a sense of its scale. Read More

Australian assistant treasurer stands aside over corruption probe

Australia's assistant treasurer has stood aside after being linked to a corruption probe. Arthur Sinodinos will appear at a New South Wales Independent Commission Against Corruption (ICAC) inquiry investigating allegations involving the private firm Australian Water Holdings. Read More

Indonesia: A Legal Plot to Thwart Corruption Fight

Last month, Indonesia’s Corruption Eradication Commission (the KPK) was, as usual, on the offensive. Read More

France puts Eq.Guinea leader's son under formal investigation

The son of Equatorial Guinea's president has been put under formal investigation in France for money laundering, his lawyer said on Wednesday. French magistrates have been investigating Equatorial Guinea's leaders since December 2010 amid suspicions of embezzling public funds to buy real estate and other assets in France. Teodorin Obiang, the son of Equatorial Guinea's President Teodoro Obiang, was informed that he was put under investigation by video conference from his country, his lawyer Emmanuel Marsigny told Reuters. Read More

Special courts for corruption cases

"Critics argue such courts will create the burden of yet another malfunctioning institution, especially in countries with weak institutions while optimists insist that such courts are the only way to ensure prosecution of the corrupt." Read More

Top Ahmadinejad aide indicted amid Iran graft case

Mohsen Eftekhari, a Tehran judge, told a local newspaper that former Vice President Mohammad-Reza Rahimi has been indicted apparently for corruption and that his case would be referred to a special court. Read the report by Mehrdad Balali and Humeyra Pamuk in Thomson Reuters Foundation.… and finally, revisiting a 2003 reflection, in response to a query: "What is the experience of countries, particularly in Asia, establishing special courts dedicated to dealing only with corruption cases?"

India's top court sets deadline for reaching verdicts in corruption cases vs politicians

India's top court instructed lower courts to reach verdicts within one year in cases in which lawmakers are accused of grave crimes, in an attempt to reduce the number of politicians who win re-election during drawn-out trials. Read More

Vietnam court hands down death sentence to former bank head for corruption

The People's Court of the Central Highlands province of Dak Nong sentenced a former bank director to death after being found guilty of corruption. Read More

Indonesia politician gets 14 years for corruption

An anti-corruption court sentenced the former governor of Indonesia’s Riau province to 14 years in prison and ordered to pay almost $90,000 in fines for illegally issuing logging permits in Riau and bribes linked to construction projects for sports facilities. Read More

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