NEWS

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

Kenya: President tackles security, corruption in national address

Kenyan President Uhuru Kenyatta has pledged to address insecurity in the country by boosting police forces and committing to operations in neighboring Somalia, following recent terrorist attacks and threats. In a state of the nation address Thursday the president also vowed to fight corruption and waste within the government. Speaking at a special session of parliament, President Uhuru Kenyatta underscored his administration's focus on combating terrorism by recalling the attack on Nairobi's Westgate shopping mall in September by the Somali militant group al-Shabab. Read More

Dispatch from the Wittgenstein Villa

I write from the International Anti-Corruption Academy conference in Vienna, Austria, where many speakers have remarked how much the world has changed in the past few years. Read More

Scandals to force shift in Bank of England governance

For some time there have been rumours that London's large foreign exchange (forex) market is 'manipulated' by dealers active within it. These crystallised two weeks ago when officials at the Bank of England (BoE), which does not supervise the forex market directly, appeared in a hearing before the influential parliamentary Treasury Select Committee and revealed that they had been aware of -- but not acted on -- market rumours about manipulation. This could ultimately force reform on the institution, which has an increasingly important UK and global regulatory role. Read More

Malawi: Donors maintain aid freeze to country - report

International donors, who provide 40 per cent of Malawi's budget, have decided to maintain the aid freeze in the wake of a high-level corruption 'cashgate' scandal last year. Some of the donors under Common Approach to Budget Support (CABS) say they will only be providing aid through project and programme financing, "to ensure that public service delivery to ordinary Malawians is not disrupted". The chief of the Read More

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

Pages