Speak up against Corruption: Employees' Handbook for SMEs

speak upagainstcorruptionTIM

SMEs play an integral and substantial part in the economic development of Malaysia. However, SMEs operate in an intensively competitive environment, breeding the right conditions for the emerge of unethical pratices to  procure business. This handbook published by Transparency International - Malaysia to serve as a valuable guide to promote ethics in the business sector. The guide was produced with the help from ASEAN CSR Network's Small Grants Fund

World: BRICS countries to enhance anti-corruption cooperation

BRICS leaders said on Monday they supported the efforts to enhance the anti-corruption cooperation given the negative impact of corruption on sustainable development.

"We support the strengthening of international cooperation against corruption, including through the BRICS Anti-Corruption Working Group, as well as on matters related to asset recovery and persons sought for corruption," said the BRICS Leaders Xiamen Declaration, released after the ninth BRICS summit in the southeastern Chinese city of Xiamen.

Read the full original article at Xinhuanet.com

Uber faces investigation for potentially violating Foreign Bribery Laws

The US Department of Justice is conducting a preliminary investigation into whether Uber may have bribed foreign officials.

The preliminary probe was first reported by the Wall Street Journal. An Uber spokesperson confirmed it, saying it was cooperating with the department's inquiries.

The Journal reported that federal investigators are looking into claims that the $69 billion ride-hailing company may have violated the Foreign Corrupt Practices Act, which bans bribing foreign officials for business purposes.

Read the full original article at Forbes.com

Vietnam: 51 bankers, businessmen on trial for fraud

A former banking magnate and 50 others went on trial in Vietnam Monday (Aug 28) over a multi-million dollar fraud at a major private bank, as the communist nation cracks down on corruption in the sector.
In the latest trial, the ex-chairman of Ocean Bank, Ha Van Tham, is accused of illegally approving loans worth US$23 million in 2012, ultimately leading to the bank's demise and stripping him of his status as one of the country's richest men.
Tham and 50 other bankers and businessmen, most of whom worked at Ocean Bank, face various charges related to the illegal loan in the 20-day trial that opened Monday.
Read the full original article at Channel NewsAsia.com

Philippines says will lift Uber suspension if hefty fine paid

The Land Transportation Franchising and Regulatory Board of Philippines, or LTFRB said on Friday it would lift a one-month suspension on Uber Technologies Inc [UBER.UL] if it paid a penalty of 190 million pesos ($3.7million), a fine nearly 20 times greater than Uber had offered to pay.

The Transport Regulator said Uber also needed to collectively pay its drivers nearly 20 million pesos daily as financial assistance during the suspension period.

The regulator halted Uber’s operations for a month from Aug. 14 for disregarding a directive to stop accepting new driver applications.

Read the full original article at Reuters.com


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