Frauds & Scandals

A World Bank economist apologized for unfair country rankings and will redo four years of results

Culled—Proshare 14/1/2018/QUARTZ The World Bank’s annual ranking of countries by ease of doing business has been compromised by politicized methodology, the bank’s top economist told the Wall Street Journal (paywall). The primary victim? The country of Chile. The high-profile rankings are intended to encourage governments to remove obstacles to business […]

Floor collapses at Jakarta stock exchange, reports say

January 15, 2018/The Guardian Dozens of people were seen running from the Indonesia Stock Exchange in central Jakarta on Monday, Metro TV showed, after unconfirmed reports of a collapsed structure, possibly a floor, inside the building. The director of the stock exchange, Alpino Kianjaya, declined to comment on the incident. […]

Police Continues to detain Tim Elombah illegally

January 12, 2018/Elombah.com The Nigerian Police Force has continued to detain Tim Elombah despite requests by both international and local civil organisations for his release.  An Area Court Judge had earlier remanded Mr Elombah in Police custody. The remand for Tim Elombah’s detention expired on Monday  but the Police has […]