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Showing posts from May, 2010

Nigeria: Corruption - a Lost War

Abba Gana Shettima 29 April 2010 analysis In his inauguration speech in 1999, former President Obasanjo resolved to tackle corruption in the country, thereby giving us a glimmer of hope after decades of unaccountable military rule. The former President argued that, 'corruption will be tackled head-on. No society can achieve its full potential if it allows corruption to become the full-blown cancer it has in Nigeria'. Also, in his second inauguration speech in 2003 the former President reiterated his determination to continue the war on corruption, and even claimed some triumph in the battle, promising that 'we are determined to fight this evil to a standstill'. Obasanjo's successor, Umaru Musa Yar'adua, now recuperating from a debilitating ailment and temporarily off the political scene, also promised, shortly after he was sworn in as president in May 2007 'to intensify the war against corruption, more so because corruption is itself central to the sprea...

HP in the tax evasion case

BANGALORE --The Indian unit of Hewlett-Packard Co. (HPQ) has time until May 28 to respond to a federal agency's charges that it evaded $322 million of taxes, two people familiar with the matter said Thursday. India's Directorate of Revenue Intelligence, which investigates tax evasion, recently completed an 18-month probe that concluded the U.S. computer giant had avoided paying proper duties by undervaluing imports of computers, printers, scanners and other devices over a five-year period.

Swiss MPs to vote on new ex-dictator cash law

 Swiss MPs to vote on new ex-dictator cash law (AP) – 6 days ago GENEVA — The Swiss government says a draft law that would allow aid agencies in Haiti to receive at least $4.6 million claimed by the family of Haiti's ex-dictator Jean-Claude "Baby Doc" Duvalier is ready for approval by lawmakers. The government said Wednesday the draft law on the restitution of assets held in Swiss banks for deposed dictators will be put to parliament after winning widespread support. It would make it easier for such assets to be repatriated to national governments. The Swiss government acted after the top Swiss court ruled Jan. 12, right before Haiti's devastating earthquake, that the $4.6 million must be returned to Duvalier's family because the statute of limitations on any Duvalier clan crimes would have expired in 2001.