Tag Archives: anti-corruption

Rolls-Royce Faces China Bribery Probe

0 Comment

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…

Read More

Weekend Reading: the FCPA Bible

0 Comment

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…

Read More

Anti-corruption Crackdown or Moral Crusade?

0 Comment

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 Asset Disclosure Rule

0 Comment

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.

New Editorial on Government Transparency Law in China

0 Comment

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.

New Rules on Corruption and Real Estate

0 Comment

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?

Rule of Law Implications of Huang Guangyu Trial?

0 Comment

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…

Read More

Rio Tinto Aftermath: Why It’s A Good Idea To Wait For (Written) Verdicts

0 Comment

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.…

Read More

Some Thoughts on the Rio Tinto Verdicts

0 Comment

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…

Read More

China Corruption Museum – This is Really Going to End Badly

0 Comment

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…

Read More

China’s Naked Government Experiment Is Revealing

0 Comment

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:…

Read More