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Archive for the tag “Smith & Wesson”

It’s not a one-night’s affair to fight corruption – Companies and civil servants in bid for something extra

Fighting corruption is not a one-night affair. – Olusegun Obasanjo

We live in a day and age where we have global companies. The great nations with giant economic systems: Even civil servant can get extra money in exchange for some easier way to handle business in the territory. We all know it happens from time to time. From land to land, town to town, village to village etc. So here we are and I got some stories to tell.

In China the only and leading party the Chinese Communist Party, they are going after the biggest fish now. The corrupted man is supposed to be Zhou Yongkang former Security Chief and Oil Czar. The party is doing this they say for “disciplinary violations”. He rises in power through the national oil company China National Petroleum Corp. President Xi Jinping is doing this after his pledge of fighting corruption in 2012 (Leavenworth, 2014).

In U.S. a former up and coming GOP candidate to the national Republican Party is set for trial for a corruption case. Bob and Maureen McDonnell they are charged for using their office to gain money and gifts in exchange for influence. Before indictment Bob repaid $120,000 and then dined any wrong doing. The prosecutors have found 615 items of luxury value (O’Dell, 2014).

Even Smith & Wesson Holding Corporation has agreed to pay up for fixing deals on offering international clients bribes to secure the agreements for law enforcing and military contracts. They agreed on 28. July to pay the sum of $ 2,000,000: this for breaking the Foreign Corrupt Practices Act (FCPA). S&W hired a third party agent in Pakistan to give a police department $11 000 worth of guns this resulted in selling a total of 548 guns to Pakistan worth a total of $ 210 980, that mean they earned $ 107 852. The company did also certain activity in Indonesia to a third party agent there. Also in Turkey they sent someone to sell handcuffs and firearms to the police. They also used third party agents who did activities in Bangladesh and Nepal to get contracts (Terrill, 2014).

In Trinidad Jack Warner keep humming. This time not involved in FIFA cases. The last local election and allegations of corruption, Jack Warner is now the Chairman of the independent Liberal Party. He is ordered to pay Faaiq Mohammed $ 220,000 in damages, also $ 42,000 in legal cost. Mohammed has said to the press: “It will not deter me. It probably should not have been but it has not deterred me. I will continue to work hard and work towards helping the people and serve the people. So far I am doing a pretty good job at it and I am hoping to continue, and before my term is up I will be one of the best councillors within Trinidad and Tobago” (Ramdass, 2014).

In Vellore, India in search for water and drilling water. The companies who is pumping and setting up the drilling is paying officials into pockets after recent reports. CPM district secretary A.Narayanan is saying this: “We charge between Rs 80,000 and Rs 90,000 to sink a 500-foot borewell”. The cost for a sinking borewell Rs 72 lakh for 36 borewells and its cost for each borewell price of total Rs 2 lakh. The politicians after the word of A. Narayanan: “It is obvious that Rs 2 lakh to Rs 3 lakh per work would go to the corrupt officials and ward Councillors. The amount would be shared among everyone in the Corporation” (Chitharth, 2014).

In New York, a French man was arrested for two years in connection with bribing in Guinea, where the French man worked as an advisor for the mining corporation BSG Resources. He admitted to try to bribe Mamadie Toure, the widow of the late president Lasana Conte. This was in efforts to try to get contracts to large iron ore deposits BSG Resources. The company had business on the northern parts of Simadou mine. The Guinean government is now planning new auctions on the area. Even though the company BSG Resources is claiming they did nothing wrong (Ax, 2014).

Now, I have told enough stories right. It isn’t any local problem. It’s global. We’re living in a global village. Companies are worldwide and using any kind of practices to get an upper hand and earn a few extra shillings here and there. Government officials using their jobs and opportunities to earn something honor for good civic duties in the name of their position. While we’re sitting and often doesn’t grasp what that really happening and what it might do to our society as a whole. But that is enough from me today..

Links:

Ax, Joseph – ‘Frenchman gets two years in U.S. prison for role in Guinea mine scandal’ (25.07.2014) Link: http://www.businessinsider.com/r-frenchman-gets-two-years-in-us-prison-for-role-in-guinea-mine-scandal-2014-25#ixzz38tgdcGWG

Chitharth, M. – ‘Corporation Move Aimed at Swindling Funds’ (26.07.2014) Link: http://www.newindianexpress.com/states/tamil_nadu/Corporation-Move-Aimed-at-Swindling-Funds/2014/07/26/article2349428.ece

O’Dell, Larry – ‘Jury Chosen in Former Va. Gov’s Corruption Trial’ (28.07.2014) Link: http://abcnews.go.com/US/wireStory/va-governors-corruption-trial-begins-24736903

Leavenworth, Sturt – ‘China’s anti-corruption push targets highest-ranking official yet’ (29.07.2014) Link:   http://www.heraldonline.com/2014/07/29/6183214/chinas-anti-corruption-push-targets.html

Ramdass, Rickie – ‘Warner must pay $262,000’ (24.07.2014) Link:  http://www.trinidadexpress.com/news/Warner-must-pay-262000-268542832.html

Terrill, Daniel – ‘Smith & Wesson pays $2 million to settle SEC corruption charges’ (29.07.2014) Link: http://www.guns.com/2014/07/29/smith-wesson-pays-2-million-to-settle-sec-corruption-charges/

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