English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

State of Delaware target of corruption campaign

BERLIN: February 10, 2016. Following public submissions, global watchdog Transparency International (TI) has launched a “social sanctioning” campaign against nine of the world’s most symbolic cases of corruption.

The targets are senator Felix Bautista of the Dominican Republic; Zine Al Abidine Ben Ali, former president of Tunisia; the U.S. state of Delaware and its registration of anonymous companies; FIFA; the Akhmad Kadyrov Foundation of Chechnya; the corruption of Lebanon’s government, authorities and institutions; Ricardo Martinelli, former president of Panama and his associates; the Brazilian oil and gas conglomerate Petrobras; and Ukraine’s ex-president Viktor Yanukovych.

TI said the chosen nine out of 383 cases identified by the public were based on their widespread impact on human rights, the need to highlight laws allowing anonymous companies, and those who facilitate corrupt deals.

“Lying, cheating, stealing and fraud are the tools of the corrupt. We want to pursue sanctions against as many of these cases as possible. We cannot single out just one case, they all must be dealt with,” said TI chairman José Ugaz.

Cueto LANTI alleges that the Akhmad Kadyrov Foundation of Chechnya “makes up to US$60 million per month from people, while 80 percent live in poverty”; former Panama president Ricardo Martinelli and his close allies diverted US$100 million from citizens; former president of Tunisia Zine al-Abidine Ben Ali stole up to US$2.6 billion from the country; and former president of the Ukraine Viktor Yanukovych oversaw “millions in state assets [that] ended up in private hands [and] fled to Russia before charged with embezzlement”.

In a related move the U.S. Securities & Exchange Commission has penalized LAN CEO Ignacio Cueto Plaza (right) US$75,000 for authorizing US$1.15 million in payments to a third party consultant in Argentina in connection with LAN’s attempts to settle union disputes with the employees of LAN Argentina, a subsidiary of LAN, in 2006. He neither confirms nor denies the SEC allegations.

Chilean-born Cueto has been CEO of LAN since 2012. From 1995 to 1998 he was president of LAN Cargo, based in Miami, and from 1999 to 2005 was CEO of LAN’s passenger business. In 2005, Cueto became president and COO of LAN Airlines until the merger of LAN and TAM in June 2012.

According to the SEC, as part of a deal that LAN reached with the Argentine government in March 2005, the airline was required to hire between six and eight hundred employees from the state-owned LAFSA and Southern Winds airlines that subsequently became LAN Argentina. The SEC says the five unions involved had no hesitation in seeking wage increases following the acquisitions, and by 2006 LAN’s management was involved in negotiations that eventually resulted in work stoppages, slowdowns and strikes by the pilots’ and mechanics’ unions.

Cueto responded by agreeing to pay a consultant US$1.15 million to settle the disputes. The SEC alleges he understood it was possible the consultant would pass some of the money to union officials. By August of that year, the strikes were over and all the unions had settled for wage increases less than their original demands.

As part of his settlement with the SEC, Cueto has agreed to attend all anti-corruption training sessions required for senior executives at LAN.

News

Written on 24/04/2017, 20:30
bank-deal-opens-maritime-green-doorLUXEMBOURG: April 22, 2017. The European Union's non-profit European Investment Bank (EIB) has signed a €150 million loan agreement with Dutch bank ABN...
Written on 21/04/2017, 19:44
air-cargo-volumes-rise-as-yields-remain-a-challengeGENEVA: April 20, 2017. IATA reports a slowing of air cargo volumes to a 1.3 percent rise in the three months to February 2017, compared to 2.3 percent...
Written on 21/04/2017, 18:40
u-n-cuts-cost-of-air-fleet-and-food-distribution-timesNEW YORK, NY: April 21, 2017. The United Nations is to cut its aircraft fleet and limit passenger flights to essential travel only, after revealing the...
Written on 19/04/2017, 20:20
benefits-to-outweigh-gothenburg-dredging-billGOTHENBURG, Sweden: April 18, 2017. A report by the Swedish Transport Administration (STA) says the SEK4.0 billion cost of deepening the approach to the...
Written on 18/04/2017, 19:37
siemens-to-set-up-logistics-head-office-at-expo-2020-dubaiMUNICH: April 18, 2017. Siemens is to base its logistics business for airports, cargo infrastructure and ports in Dubai and will move its headquarters to...
Written on 18/04/2017, 14:18
abu-dhabi-ports-provides-free-humanitarian-warehouseABU DHABI: April 18, 2017. Abu Dhabi Ports is providing the Emirates Red Crescent Authority (ERC) with a 550 square meter warehouse in Zayed Port as part...
Written on 13/04/2017, 19:11
emirates-sky-cargo-lifts-america-s-cup-challengerDUBAI: April 13, 2017. Bookmakers are giving America's Cup challenger Emirates Team New Zealand 3:1 odds to win the sailing competition when racing ends...
Written on 13/04/2017, 16:05
blockchain-used-in-pharma-supply-chainBEIJING: April 11, 2017. IBM and China-based supply chain manager Sichuan Hejia have launched the 'Yijian Blockchain Technology Application System', a...
Written on 12/04/2017, 18:10
k-n-and-alibaba-to-leverage-btb-ecommerceSHANGHAI: April 12, 2017. Kuehne + Nagel and Alibaba.com, the B2B business arm of the Alibaba Group, are combining their respective capabilities to offer...
Written on 12/04/2017, 16:58
dedicated-freighter-for-swiss-pharma-exportsMADRID: April 12, 2017. IAG Cargo has officially launched a weekly freighter service between Basel and Madrid to feed its Latin America network with Swiss...
Written on 11/04/2017, 20:15
miami-boosts-airfreight-traffic-eight-percent-by-valueMIAMI: April 11, 2017. The U.S. Department of Commerce says air cargo traffic through Miami International Airport (MIA) rose eight percent by value last...
Written on 07/04/2017, 22:03
u-s-roads-worse-than-namibiaWASHINGTON, DC: April 07, 2017. Testifying before the U.S. Senate Subcommittee on Surface Transportation and Merchant Marine Infrastructure, Safety and...
Written on 07/04/2017, 20:29
lng-bunkering-arrives-at-jacksonvilleJACKSONVILLE, FL: April 07, 2017. BBC Chartering has delivered two 260-ton cryogenic liquefied natural gas (LNG) storage tanks for Crowley Maritime's new...
Written on 06/04/2017, 23:00
air-cargo-upturn-will-it-lastGENEVA: April 06, 2017. IATA reports a 12 percent rise in freight tonne-kilometers in February compared to the same month last year - almost four times...
Written on 06/04/2017, 21:59
t-pod-designed-to-replace-swedish-trucksSTOCKHOLM: April 6, 2017. Swedish technology designer Einride has created an electric, self-driving “cargo with wheels” vehicle called a ‘T-pod’ that can...
Written on 04/04/2017, 22:06
mexico-president-inaugurates-new-apm-terminalLAZARO CARDENAS, Mexico: April 04, 2017. Mexico's president Enrique Peña Nieto and Denmark's prime minister Lars Lokke Rasmussen have inaugurated APM...
Written on 31/03/2017, 15:10
swiss-approve-commercial-drone-useLUGANO, Switzerland: March 31, 2017. The Swiss Federal Office for Civil Aviation (FOCA) has approved the use of drones by Swiss Post to carry laboratory...
Written on 29/03/2017, 22:13
laptop-ban-not-acceptable-says-iataMONTREAL: March 28, 2017. Less than a week after the imposition of a laptop ban on certain carriers flying to the UK and U.S. from parts of the Middle...
Written on 29/03/2017, 20:29
gcc-ecommerce-market-could-reach-us-20-billionSEATTLE/DUBAI: March 28, 2017. Amazon is to acquire eCommerce company Souq.com, the largest online marketplace in the Arab world with 45 million visits a...
Written on 28/03/2017, 21:10
qatar-backs-britain-as-may-signs-brexitLONDON/BIRMINGHAM: March 28, 2017. A day before Britain confirmed its formal departure from the European Union, the country signed an MoU with Qatar to...

- powered by Quickchilli.com -