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Wednesday, August 22, 2012

EADS executives warned five years ago about questionable payments

Senior executive at EADS, the European aerospace and defence group that owns Airbus, were warned five years ago about questionable payments that are now part of an investigation by the Serious Fraud Office. The U.K. Serious Fraud Office said last week it is investigating possible bribes by a British subsidiary of EADS (EAD.PA), GPT Special Project Management Ltd. Read more on the Telegraph. You can find an older post here.

Monday, August 20, 2012

Former France Telecom CEO indicted over 35 suicides

Former France Telecom chief executive Didier Lombard has been indicted by a court in Paris and bailed over allegations that he led a corporate culture of bullying and harassment that resulted in the suicide of at least 30 employees. More on GIAOM. France Telecom (FTE:EN Paris) is a Founding Father of the Global Compact and participant since 2000/07/26.

Sodexho fined $81K for violations at W.Va. college

Federal officials said Thursday they intend to fine Sodexho Inc. $81,000 for health and safety violations that occurred when workers were removing asbestos earlier this year at Alderson-Broaddus College in Philippi. More on Businessweek. Sodexo Inc, is a U.S. subsidiary of French giant Sodexo S.A.(SDXAY:OTC US),(SW:EN Paris), a Global Compact participant since 2003/03/06. Sodexo was a Gold Contributor to the Foundation for the Global Compact in 2010.

Tata Power’s Mundra project has violated social, eco norms: Report

Tata Power Ltd, which is setting up the 4,000-MW Ultra Mega Power Project (UMPP) in Mundra, Gujarat, has been accused of violating social and environmental norms by an independent fact-finding team. The project has caused “massive damage to livelihood, marine life and the overall environment in the vicinity of the power plant,” says a report titled ‘The Real Cost of Power'. More on The Hindu Business Line. Tata Power Ltd (TPWR:Natl India) is a Global Compact participant since 2002/09/23.

Shell, BASF ordered to pay $500 mln in Brazil pollution case

A Brazilian judge has ordered oil giant Shell and chemical behemoth BASF to pay $500 million in compensation for hundreds of ex-workers suing for damages in a suspected plant contamination case, a judicial source said Monday. More on France 24. Read older post. Royal Dutch Shell plc is a founding fathers of the U.N. Global Compact since 2000/07/26. Shell (RDSA:LSE) was a 'Platinum Contributor' of the Foundation for the Global Compact in 2010. BASF -BASF AG (ADR)-, BAS:Xetra is also a Founding Father of the Global Compact since 2000.

Enbridge faces $3.7M fine for Michigan oil spill

Federal regulators proposed a $3.7 million civil penalty Monday against the Canadian owner of a pipeline that ruptured in 2010, dumping more than three billion litres of oil into a southwestern Michigan river. Read more on CBC. Read older post. Enbridge is a Global Compact participant since 2003/12/16. Enbridge was a Gold Contributor to the Foundation for the Global Compact in 2011.

Sunday, August 19, 2012

GlaxoSmithKline allegedly bribing Polish doctors

Prosecutors and the Polish Anti-Corruption Bureau are investigating reports that UK-based pharmaceutical giant GlaxoSmithKline allegedly bribed doctors in Poland to prescribe their drugs ahead of other manufacturers. Read more on Polskie Radio. GlaxoSmithKline is a Global Compact participant since 2007/08/10.