Corporate crime

WHEN IN ROME Case Study 2 Alexander Gavin, Senior Project Manager for Kuwait’s EL Sahd Construction Company, is presented with an opportunity and dilemma packaged together in the same proposal. While making a thirty million dollar bid to subcontract a new Iranian project, bid taker Ajax Ltd told him the job was El Sahd’s, if Gavin was willing to pay to play. Ajax’s manager informed Gavin that he would need to increase his company’s bid to $33 million in order to secure the job, with the…

influencing the action of an official in the discharge of his or her public or legal duties” (Lehman & Phelps, 2008). The practice of bribing generally stems from individuals who are ready to use illegitimate channels to capitalize on personal or corporate profit. However, there could be several other mitigating factors that drive people to partake in the act of bribery, which still ultimately lead to the same thing: profit. As a special advisor to Canada’s International Trade Minister, I…

Corporate Criminal Liability: A Need of the Hour Aanchal Lamba Aditi Khanna Abstract The purpose of this article is to throw light on the current need for a legislation to deter the crimes committed by corporate firms. The paper describes the concept of corporate criminal liability, its diverse interpretation adopted over the years and the current scenario of corporate crimes in India. It discusses the need to intensify the current punishment given to corporations and proposes alternative…

simple street crime, others homicide, yet many crimes that occur behind close door have business fraud or corporate negligence that can have more devastating results from their actions upon a community, a corporation, even stock holders nationwide. Some steal pennies, while others out right take everything. Corporate fraud, a white collar crime has been legally dissected and evaluated for years. The use of corporate guidelines and government regulations has always been embedded into corporate…

The Australian Wheat Board (AWB) is now known as the biggest corporate corruption scandal in Australia’s history as it attempted to undercut agreements endorsed by the UN’s Oil-for-Food program by compensating the Saddam Hussein rule in Iraq through illicit payments, which infringed the programme’s intent. These bribes began while the AWB was still under government control; with illegal activity continuing after the organisation was privatised in 1999. Australia’s trade reputation was tarnished…

principles and assumptions of accounting and financial reporting. As your new financial advisor I will explain the important changes made by the SOX act and who is impacted by it. Section One The Sarbanes-Oxley (SOX) Act was the reaction to major corporate and accounting scandals, including Enron and WorldCom. The goal of the act is to thwart and dissuade future accounting fraud, safeguard shareholders and increase confidence in financial reporting in public companies and in the United States…

implies that the company had avoided paying its fair share of tax because Apple’s reported profits did not align with its tax figure. Additionally, in 2006, Apple had established a small office in Reno, Nevada, in order to avoid million dollars of corporate taxes in California and 20 other states (Duhigg and…

Crimes Against Nature by Robert Fitzgerald Kennedy is an informative book that unearths the atrocities committed by the Bush administration in the early 2000’s and how, due to donations and appeals by corporate cronies, they bought and corrupted the political and scientific spheres of America so that massive energy corporations could rake in larger profits. Kennedy’s narratives take place during the years of George W. Bush’s first term as President from 2000 to 2003. However, Kennedy often…

organization of the corporate manslaughter charges as the truck driver was carrying on his own initiative and was not adhering to the training course techniques. Nevertheless the company was convicted and fined under section 2 (1) of the health and safety at Work Act 1974 which states that an employer is responsible for health and safety of his employees during the course of their employment. Furthermore in addition to that, in the case of MNS mining limited a company was acquitted of…

posting profits on potential instead of actual gains and used Arthur Andersen accounting firm to cover any losses through the misuse of special purpose entities (SPEs). Arthur Andersen, was old and well-respected; no one believed it would be party to corporate fraud, making Enron seem squeaky-clean. Retrieved on 23 October 2017 from http://www.mademan.com/mm/enron-scandal-summary.html (Links to an external site.). This scheme was working until Enron decided to falsely create energy demand…