Corporate Crime

Major technology companies are sued by International Rights Advocates for alleged involvement in child labor deaths during cobalt mining in DRC, where children work dangerous tunnel jobs for minimal wages to support their families.

Samsung Electronics Chairman Lee Sang-hoon has been sentenced to 18 months in prison after being found guilty of union-busting. The verdict involves tracking and intimidating union members to disrupt labor negotiations and potentially close subcontracting firms with active unions.

Former President Pranab Mukherjee expressed deep concern over increasing bank scandals in India, highlighting systemic issues in financial institutions. Speaking at an ACAE lecture in Kolkata, he emphasized the recurring problems of fraud and lack of accountability, drawing parallels with past controversies like the Satyam scandal and recent incidents at Punjab National Bank and IL&FS.

Elkhart-based Interlogic Outsourcing, Inc. is under federal investigation for withholding tax payments from client businesses. Owner Najeeb Khan is accused of siphoning off $90 million in tax deductions, potentially stealing hundreds of thousands of dollars from workers and businesses through fraudulent payroll processing.

Two key figures in Massachusetts state politics were arrested by federal law enforcement for a complex bribery scheme. Dana Pullman, former State Police Union President, and lobbyist Anne Lynch are accused of illegal financial transactions involving union funds and state procurement contracts.

Victims of Ross Asset Management's ponzi scheme have been granted permission by the High Court in Wellington to pursue a multi-million-dollar lawsuit against ANZ Bank. The bank is accused of failing to prevent David Ross from perpetuating a fraudulent investment scheme that resulted in $115 million in investor losses.

Two major European banks, Raiffeisen Bank International and Danske Bank, are facing serious money laundering accusations. Investigations reveal potential illegal financial activities involving nearly $230 billion in questionable funds from former Soviet Union states, potentially channeled through the banks' Estonian and Danish branches.