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corruption

February 19, 2014

Corruption, red tape and staffing pressures have been some of the key risks weighing on Russian entrepreneurs’ minds in the past 12 months, but the investment outlook is still buoyant and there is an increasing interest in the family office model. CampdenFB reports

Russia continues to offer great rewards and great challenges for its wealthy. The process of getting rich, however, is different to the process of staying rich. The fourth annual UBS/Campden Wealth report, Russia’s Wealth Creators, highlighted corruption, too much regulation and the greater need, but limited ability, to secure qualified management and staff, as the key challenges facing Russia’s entrepreneurs. These particular challenges have grown dramatically in importance when compared to last year’s survey.

September 3, 2013

Red Bull next-gen Vorayuth Yoovidhya, whose family also co-owns the sole authorised Ferrari importer in Thailand, is wanted by police after he failed to appear in court for a hit-and-run incident involving his sports car, which killed an on-duty policeman.

Red Bull next-gen Vorayuth Yoovidhya, whose family also co-owns the sole authorised Ferrari importer in Thailand, is wanted by police after he failed to appear in court for a hit-and-run incident involving his sports car, which killed an on-duty policeman.

A defence lawyer for the 28-year-old said he was on a business trip to Singapore and was unable to return to Thailand for Monday's indictment because he fell ill.

January 21, 2013

The most telling moment when Lance Armstrong gave his mea (sort of) culpa to Oprah Winfrey was his claim that he’d looked up the word “cheat” in the dictionary, saw that it said “to gain an advantage on a rival” and decided that it didn’t apply to him.

The most telling moment when Lance Armstrong gave his mea (sort of) culpa to Oprah Winfrey was his claim that he’d looked up the word “cheat” in the dictionary, saw that it said “to gain an advantage on a rival” and decided that it didn’t apply to him.

Everybody was blasted to the eyeballs on EPO, ergo he was just keeping up. It’s reminiscent of the philosophy of Hugh Laurie’s Doctor Gregory House, whose catchphrase is the self-serving: “Everyone lies.”

October 20, 2008

Dogan Group, one of Turkey’s top family-owned conglomerates, is battling the country’s government and its capital markets board as accusations fly about alleged corruption.

Dogan Group, one of Turkey's top family-owned conglomerates, is battling the country's government and its capital markets board as accusations fly about alleged corruption.

Chairman and president Aydin Dogan founded the company in 1958, which today owns nearly half of Turkey's print and broadcasting media plus 10 publicly-traded companies.

January 9, 2008

Ferdinand Piech, Volkswagen AG Chairman and grandson of Porsche founder Ferdinand Porsche, has testified to a German court that he didn't know about any payments made to labour leaders when he was CEO between 1993 and 2002.

Ferdinand Piech, Volkswagen AG Chairman and grandson of Porsche founder Ferdinand Porsche, has testified to a German court that he didn't know about any payments made to labour leaders when he was CEO between 1993 and 2002.

The trial centres around former VW manager Klaus-Joachim Gebauer and ex-labour leader Klaus Volkert. Volkert is charged with demanding illegal bonuses while Gebauer is accused of breach of trust for reportedly organising these payments.

January 1, 2008

Reports of corruption and fraud in major businesses have filled the first weeks of the new year with some notable family names being sullied. William Boston examines the implications of corruption allegations at a family business

Reports of corruption and fraud in major businesses have filled the first weeks of the new year with some notable family names being sullied. William Boston examines the implications of corruption allegations at a family business

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