Billionaire Beny Steinmetz approved millions of dollars in payments to a wife of the former president of Guinea as he fought to keep part of the world’s largest iron-ore deposit, a suspect in a U.S. graft investigation said in conversations secretly taped by the FBI.
A Guinean government review into ownership of the world’s biggest untapped iron-ore deposit has recommended billionaire Beny Steinmetz’s BSG Resources Ltd. and Brazil’s Vale SA be stripped of the project.
Malaysia’s anti-corruption minister said his nation needs greater clarity in political financing and government-procurement practices, while defending the handling of its missing airliner as transparent.
Almost half of Ukrainians say they desire Ikea products more than any other global brand, yet the largest home-furnishings retailer hasn’t been able to crack the market in a decade of trying. The reason: it won’t pay a bribe.
The Justice Department is building a bribery case against Alstom SA, the French maker of trains and power equipment, that is likely to result in one of the largest U.S. anticorruption enforcement actions, according to two people with knowledge of the probe.
Nairobi’s top traffic cop, Edward Mwamburi, called it the most stressful day of the year: the last day of last month fell on a Friday, meaning paychecks were banked and motorists were ready to party. That made the city’s clotted roads even more chaotic than usual.