Weekly roundup: Guatemala’s president resigns over fraud case, former Russian nuclear energy executive admits arranging bribes in U.S., Bulgarian parliament rejects anti-corruption watchdog, and more
Guatemalan president Perez Molina has resigned after a judge issued an arrest warrant on charges of bribery, illicit association and customs fraud in a multi-billion dollar scandal. He was jailed shortly thereafter.
A former executive of Tenex’s U.S. subsidiary has pleaded guilty to arranging bribe payments through which local companies obtained no-bid contracts. Tenex, a Russian company, exports uranium and provides enrichment services worldwide.
Bulgaria’s parliament has rejected a government plan to set up a special anti-corruption unit. The country’s prime minister, Boyko Borisov, announced that the proposal would be resubmitted in three months.
And finally, Tom Black discusses why relying on Google search for due diligence checks is not sufficient and bears the risk of missing valuable information. With the growth of Search Engine Optimisation, it has become easier to bury information on the internet, and the preference for new over old information also makes it harder to find the most relevant data. In some cases, intelligence is behind paywalls, and it is often difficult to say whether a source is trustworthy or not.
This week, we published our Nigeria country audit, which draws from our daily work with data sources in Nigeria and offers insight into the country’s media, litigation and regulatory landscape.
New sources: 63
Source of the week: Search by company name for companies registered with the Lesotho Ministry of Trade & Industry, Cooperatives & Marketing. Search returns full company name, business activities, registered office, incorporation date, company type and current status. The full profile includes additional addresses (such as physical address), officers and shareholders, share allocations and filings. The registry was launched fairly recently and not all profiles are yet complete (as of September 2015).