Mr. Birkenfeld’s testimony, the centerpiece of a widening investigation into UBS and its wealthy American clients, blew a hole in the wall of secrecy surrounding the world of Swiss banking. Under pressure from the authorities, UBS has been considering disclosing the names of thousands of its wealthy clients in the United States.
Posts Tagged ‘Fraud’
Nigeria probes award of oil blocks under Obasanjo
Royal Dutch Shell warned last month that the government risked undermining investor confidence after Mr Yar’Adua demanded that Shell and ExxonMobil must pay a total of $1.9bn in unpaid taxes and revenues, following a government committee review of contracts for offshore oilfields signed in 1993.
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Is it right or fair the describe the Shell reserves scandal as a “Fraud”
Christopher Cox, the Chairman of the SEC is on record as describing the scandal as a “fraud” when he listed European frauds.
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Obama: Shell connections
Broderick Johnson, a registered lobbyist for Shell and Verizon, is also a voluntary adviser to Mr Obama…
Jeroen van der Veer and the Shell reserves fraud
There was speculation in the news media about the involvement of Jeroen van der Veer, a Group Managing Director. Recently published court documents relating to the remaining litigation arising from the scandal throws more light on his involvement
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BAE chairman seeks end to graft claims
A report by Lord Woolf, the former lord chief justice, into the company’s business ethics on Tuesday revealed its top management had admitted failing “to pay sufficient attention” to ethical standards that could have damaged its reputation.
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Jeroen van der Veer cuts a deal with U.S. Attorneys
As you are probably aware, Sir Philip has already threatened to take legal action in respect of allegations accusing him of being a fraudster – an entirely accurate description based on the extensive evidence I have seen.
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