Uh oh. Stop me if you’ve heard this story before: foreign multinational, State-dominated industry sector, and State-owned enterprises. Corruption? You better believe it’s possible. We won’t know whether this particular smoke will lead to an actual fire, but at this point, it doesn’t look like the allegations concerning bribes from Rolls-Royce to an executive at [...]
If you’re like me, you just can’t get enough of the U.S. Foreign Corrupt Practices Act (FCPA). I supplement my reading of FCPA law journal articles with FCPA anecdotes from multinationals, blog posts, newsletters . . . heck, even FCPA fan fiction, television series, movies and off-color haiku verse. So I was very pleased to [...]
Better coordination between administrative agencies in China would solve a lot of problems, but the kleptocracy probably won’t go for it.
Do foreign anti-bribery statutes put overseas investors in China at a competitive disadvantage?
Civil servant health care reform sounds like a good idea, but let’s not use the opportunity to cut their benefits.
Another important anti-corruption program that is suffering from obvious limitations. I still think it was a good idea.
I’m not sure why everyone is so upset that an anti-corruption official was found dead with 11 wounds. It’s not like he cut off his own head.
From now on, let’s just assume that regulators all over the world are comparing notes about your activities.
‘Tis the season for business gift giving (and running afoul of anti-corruption rules).
I hereby call upon the Central Government to ban government officials from participating in any and all golf-related activities. It’s for the best.
Are immoral government officials more likely to engage in corrupt activities? Some say yes and are using this to justify investigations into the private lives of state employees.
New anti-corruption rules went into effect yesterday that expand the scope of asset disclosure required by government officials. Another good move forward, if it is properly enforced.
Baimiao township in Sichuan gained a lot of attention earlier this year when it posted its budget online. Tsinghua Law prof Cheng Jie has written an excellent (non-tech) comparative analysis of government transparency law.
Corruption in the property sector is a huge problem that is contributing to the real estate bubble. Will new rules help, or is the problem endemic to the sector?
The corruption trial of former appliance tycoon Huang Guangyu, who was once China’s richest man, has finished and a verdict is pending, a lawyer involved in the case said on Friday. [ . . . ] Huang . . . built his Hong Kong-listed GOME Group into one of China’s largest electronics and appliance chains [...]
Bribe-taking among Rio Tinto’s Shanghai iron ore executives was more extensive than previously thought and may have undermined the company’s revenue, court documents show. Judge Liu Xin’s written verdict in the trial of Australian Stern Hu and three Chinese colleagues lays out in forensic detail how they sought, received and sometimes laundered huge personal gains. [...]
This is the top China story of the day, and since it also involves a legal topic, I sort of feel obligated to chime in. Despite the copious amount of press coverage, though, I don’t really think this case is all that important in the grand scheme of things. I can’t say that I agree [...]
You gotta admire the balls on this guy: A planned anti-graft museum in southwest China is asking the public to nominate the 100 most corrupt officials of the past century, state media reported Saturday. Fan Jianchuan, who operates a private museum in Chengdu, said he started collecting artifacts for his “Traitors Museum” after Internet users [...]
I was skeptical of this initiative. Having local government officials publish expenditures online would make for some decent BBS and blog chatter, but little of real interest would be revealed. All the good stuff would no doubt be hidden away from public view in the “real” accounting books. So here’s how the whole thing works: [...]