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Category Archives: Corruption Scandal

China Confiscates Billions In “Ugliest Corruption Scandal” In History / by Tyler Durden / 03/30/2014 21:57 -0400 With Chinese authorities increasingly looking like they are sticking to their reform promises, fighting moral hazard and allowing defaults to occur (in a completely ‘contained’ way, of course); the continued crackdown on graft and government corruption has hit a new high (or low). As Reuters reports, Chinese authorities have seized […]

Dark Rumblings Of A Coup D’État In Spain / By Wolf Richter / March 1, 2013, 8:25PM Spain is on edge. Unemploymentis nearly 26%, youth unemployment over 55%. The government is mired in a corruption scandal. The economy is grinding to a halt. On January 23, the Catalan assembly declared that the region constituted a “sovereign political and legal entity.” A step closer […]

Now A Vast Political Espionage Scandal To Top Off The Sordid Corruption Scandal In Spain / By Wolf Richter / February 15, 2013, 7:02PM Spain just can’t catch a break—a horrid economy with dizzying unemployment, collapsing banks, and a prime minister along with the ruling party tarred by corruption. Now a political espionage scandal blew up, scattering debris and money laundering allegations far and wide. Unemployment in Spain was 26% […]

Corruption Scandal Brought to Forefront in Spain / By SV / January 21, 2013 Spain’s ruling Popular Party was drawn deeper into a web of corruption scandals this past week, after the Swiss authorities informed the Spanish judiciary that the party’s former treasurer had accrewed upwards of 22 million euros, or $29 million, in Swiss bank accounts. The treasurer in question, Luis […]