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corruption

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    Ex-CEO of red-light camera company indicted on corruption charges
    Feds Allege Redflex Executive Bribed City Officials In Chicago 1408020300

    A former chief executive officer of one of the world's largest makers of red-light traffic cameras was indicted on federal corruption charges Wednesday, along with two city officials in Chicago. A federal grand jury returned a 23-count indictment against the three, alleging that ex-Redflex CEO ...

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    Report: F1 Supremo Ecclestone indicted on bribery charges
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    Bernie Ecclestone, the elderly head of Formula One, has been indicted by German courts on charges of bribery. This follows reports that had the UK citizen in trouble over payments to Gerhard Gribkowsky, a former German banker with Bayern Landesbank. Gribkowsky, who will be resting comfortably in ...

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    Report: Supercars seized from African dictator's son sold for over $4M in Paris auction
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    Corruption is a big problem around the world, but perhaps nowhere more than in African dictatorships. Proof? Despite living in one of the wealthiest countries on the African continent, the citizens of Equatorial Guinea live in abject poverty. Clean drinking water is available to less than half ...

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    Report: Clerk tries to get deputy's son's citation fixed, accidentally faxes request to newspaper
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    We're not sure what's more amusing about this story, the obvious and clichéd abuse of power or the retro charm of dialing the wrong fax number. C'mon, who even faxes anymore? We've gotten so used to people getting busted by accidentally e-mailing everyone in their address book or slipping ...

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    Report: Chinese officials tied to growing gray market
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    Wards Auto is reporting that China is attempting to put a stop to rampant corruption by its government officials, especially when it comes to automotive purchases and embezzling. The People's Republic currently spends somewhere between $46.5 billion and $62.1 billion at current conversion rates ...

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    Hyundai chief springs from the slammer!
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    Hyundai chairman Chung Mong-koo put up bail to the tune of $1 million last week to be freed from jail after being imprisoned for two months on corruption charges that involved using company funds for personal and political use. The 68-year-old executive, who showed up to court appearances in a ...

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    Prosecutors looking to arrest Hyundai chief in bribery scandal
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    Prosecuting attorneys in South Korea have requested an arrest warrant for Chairman Chung Mong-Koo of the Hyundai Motor Group. The paperwork is being sought on charges that the executive embezzled $106 million via slush funds, using some of the ill-gotten gains to graft government officials, among ...

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    Hyundai apologizes one billion times for its bribery scandal
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    As part of an act of contrition for the bribery scandal rocking Hyundai Motor Group, the company is donating $1.05 billion dollars to charity. The word came Wednesday as Hyundai vice chairman Lee Jeon-kap issued a formal apology for the corporate malfeasance currently under investigation. The ...

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    Hyundai's Seoul headquarters stormed by corruption probe investigators
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    South Korean officials descended upon Hyundai's headquarters, carting off around 100 boxes of data from the companies southern Seoul offices. The move came as the latest development in a corruption probe surrounding a prominent business lobbyist. The investigation centers around the arrest of Kim ...

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    Bribery scandals brewing afresh at DaimlerChrysler
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    A whistleblower-spurred inquiry into 'improper payments' (read: bribes) has led DaimlerChrysler to let go or suspend several employees on three continents. The mole in question claims that he was fired after complaining to his bosses regarding a 'secret bank account' employed to bribe foreign ...

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    Officials in corruption probe raid Hyundai's Seoul HQ
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    South Korean officials descended upon Hyundai's headquarters, carting off around 100 boxes of data from the companies southern Seoul offices. The move came as the latest development in a corruption probe surrounding a prominent business lobbyist. The investigation centers around the arrest of Kim ...

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