Frauds & Scandals

Addressing Corruption with Clarity

By Christine Lagarde, IMF Managing Director Brookings Institution, Washington, DC, September 18, 2017 September 18, 2017 Introduction Thank you, Norm, for your generous introduction and for helping organize today’s forum. My thanks go as well to the Brookings Institution, the IFC, and the Partnership for Transparency Fund — in particular […]

Corruption: Annual Global Bribery Cost 2% of GDP-Christine Lagarde

Christine Lagarde, Managing Director, International Monetary Fund (IMF) speaking at the Brookings Institution, Washington, DC. Photo Credit IMF September 19, 2017 By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Christine Lagarde, the managing director (MD) of the International Monetary Fund (IMF) on Monday said the annual cost of bribery — just one subset of […]

Pravin Gordhan to KPMG: Your apology is NOT accepted. See you in court.

16/9/2017/BizNews.com Ousted South African finance minister Pravin Gordhan has refused to accept KPMG’s apology – and is talking to his lawyers to ensure proper satisfaction is extracted from the Gupta auditors. In a powerful statement released yesterday shortly after KPMG fired eight SA execs including the CEO (see below), Gordhan […]