The FIFA scandal in May 2015 involved the collusion between FIFA executives, sports marketing executives and officials of continental football bodies. It happened when Swiss authorities raided a hotel in Zurich and several FIFA executives were arrested. The U.S. Department of Justice (DOJ) has cited more than 40 defendants in the FIFA scandal. Some charges […]
(15 marks) Read the case and answer the question that follows. In 2002, the WorldCom scandal became one of the largest accounting frauds in history when the company revealed its wrongdoing and was subsequently forced to file bankruptcy and write off $50 billion in losses. The scandal began when WorldCom CEO Bernie Ebbers employed a […]
Enron Corporation collapsed in October 2001 due to its involvement in corporate corruption and accounting fraud. The top executives failed to discharge their duties and responsibilities towards their employees and the society. The company had hidden facts to the regulators with fake holdings and off-the-books accounting. As a result the shareholders of the organization lost $74 […]
Enron was founded in 1985, and as one of the world’s leading electricity, natural gas, communications and pulp and paper companies before it bankrupted in late 2001, its annual revenues rose from about $9 billion in 1995 to over $100 billion in 2000. Throughout the late 1990s, Enron was almost universally considered as one of […]
Last year China Checkup received many emails from clients concerning online scams. In one such case Cheng had placed an order on their online shop sell-buying.com, wired money to their assigned Chinese bank account and received an invoice for their order. But it turned out that the invoice was a fake, sent only to buy time, the […]
Q4. Read the following case study and answer the questions. (2×10=20 Marks) Who pays the penalty when babies drink sugar water? How do you punish a corporation? The president and vice-president of Beech-Nut admitted that they knowingly permitted adulterated […]
Bhutan National Bank Limited (BNBL) has breached its own human resources (HR) policy by compulsorily retiring 10 support staff who submitted forged documents with service benefits. This was found when the Royal Audit Authority’s (RAA) conducted compliance auditing in the bank. BNBL paid Nu 153,932.02 as retirement benefits to the staff. RAA also found that […]
After reviewing the embezzlement and fraud case of the Bhutan Development Bank Limited (BDBL) for 11 months, the Office of the Attorney General (OAG), charged 12 people to Thimphu dzongkhag court yesterday. The case, involving a BDBL official and 55 clients, amounts to Nu 576.469 million (M), where the BDBL official is accused of gaining […]
Siemens is Europe’s largest engineering group, manufacturing a diverse range of products from power plants to home appliances, computers to railway engines. Headquartered in Germany, the company has a two-tier board. In 2007, the chief executive Klaus Kleinfeld, challenged the supervisory board to renew his contract or to accept his resignation. The proposal failed to […]
Industry Average Weekly Earnings (2019) Mining, quarrying, and oil and gas extraction $2254.16 Utilities $1937.46 Professional, scientific, and technical services $1472.37 Finance and insurance $1347.83 Manufacturing $1157.93 Real Estate and Rental and Leasing $976.63 Health Care and Social Assistance $947.39 Accommodation and food services $428.96 Examine the list of industries and pay rates above 1. […]
