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Petrobras net profit falls nearly 90% in Q2

Last Updated: Friday, August 7, 2015, 07:36

Brazil`s state-run oil giant Petrobras, rocked by a massive graft scandal, said Thursday that second-quarter net income fell nearly 90 percent from a year ago, in part due to plummeting crude prices.

China says recovered 38.7 billion yuan in graft losses

Last Updated: Wednesday, July 29, 2015, 09:19

China has recovered 38.7 billion yuan ($6.2 billion) in losses from graft, state media reported, as the leadership pursues a campaign against pervasive corruption.

Brazil's Petrobras graft probe expanded to top politicians

Last Updated: Saturday, March 7, 2015, 12:20

An investigation into what prosecutors call the biggest corruption scandal ever uncovered in Brazil won Supreme Court approval to expand to dozens of top politicians for alleged ties to a kickback scheme at the state-run energy company.

Iran politics soiled by `dirty money`: minister

Last Updated: Saturday, February 21, 2015, 21:30

Iran`s Interior Minister Abdolreza Rahmani Fazli said Saturday political life in the Islamic republic was tainted by "dirty money", including from drugs, the official IRNA news agency reported.

Petrobras blocks new contracts with graft-accused constructors

Last Updated: Wednesday, December 31, 2014, 10:50

Brazilian state-owned oil giant Petrobras is temporarily blacklisting top construction firms linked to a multimillion-dollar graft scandal pending the outcome of an investigation.

Companies not fully aware of anti-corruption rules: Survey

Last Updated: Tuesday, December 9, 2014, 18:37

Companies in India are not fully aware of anti-corruption regulations and a lack of anti-graft programme has a negative impact on cost of doing business in the country, a business survey said Tuesday.

India improves rating on global corruption index; ranks 85th as against 94th last year

Last Updated: Wednesday, December 3, 2014, 10:40

In India's neighbourhood, China moved to 100th place, down from 80th last year, while Pakistan and Nepal were at 126th position.

Corruption on rise in Turkey, China: Transparency

Last Updated: Wednesday, December 3, 2014, 10:36

It pointed to a rise in reports of corruption in Turkey and low rankings for the major emerging economies known collectively as the BRICs.

CBI files revision petition in SNC Lavalin graft case

Last Updated: Friday, January 31, 2014, 21:47

CBI filed revision petition in Kerala High Court challenging discharge of CPI(M) State Secretary, Pinarayi Vijayan and six others in the SNC Lavalin graft case.

Approval to probe babus creates privileged class: SC told

Last Updated: Wednesday, January 29, 2014, 21:45

The Supreme Court was on Wednesday told that the law which makes it mandatory for CBI to take approval of competent authority to probe senior bureaucrats in graft cases creates a "privileged class" of central government employees and violates equality clause of the Constitution.

Fourth judge recuses hearing revision plea against Vijayan

Last Updated: Wednesday, January 29, 2014, 15:46

Yet another judge of the Kerala High Court on Wednesday recused himself from hearing the revision petition against the discharge of CPI(M) state secretary, Pinarayi Vijayan in the SNC Lavalin graft case.

Salvadoran ex-president tries to flee amid graft probe

Last Updated: Wednesday, January 29, 2014, 15:45

El Salvador`s ex-president Francisco Flores, who is under investigation over USD 10 million donated by Taiwan, tried to flee the country on a bus, President Mauricio Funes said.