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looking beyond borders

foreign policy and global economy

Archive for the tag “Corruption”

Xi Jinping’s Anti-Graft Drive Has Caught So Many Officials That Beijing’s Elite Prison Is Running Out Of Cells

It looks like being a particularly grim Lunar New Year in the “tigers’ cage” this week. The notorious Qincheng maximum security prison houses many disgraced senior Communist Party officials – including fallen security chief Zhou Yongkang, former Chongqing boss Bo Xilai, ex-presidential aide Ling Jihua and Guo Boxiong, who was once a top general.

Read Here – South China Morning Post

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Two Certainties And One Very Big Elephant In The Room

Two things are certain: ANC president Cyril Ramaphosa will take over the Presidency of the country once Jacob Zuma steps down, and Zuma has agreed to do so. One massively big elephant remains in the room, however, and that is: when exactly will Zuma go?

Read Here – Daily Maverick

With Khaleda In Jail, Hasina Becomes Even Stronger in Bangladesh

Khaleda’s imprisonment will not allow her to contest the elections in Bangladesh slated for December and is likely to inflame the infamous rivalry with her longtime opponent and prime minister Sheikh Hasina.

Read Here – The Indian Express

The Trials Of Jacob Zuma

Today, after eight years as South Africa’s leader, and 10 years in charge of the governing ANC, Jacob Zuma’s laughter has turned against him. To many in this country it has become a jarring, charmless cliche – the hollow mirth of a man whose presidency is widely blamed for the corruption, misrule and economic stagnation that now afflict a nation.

Read Here – BBC

China’s Graft-Busters Set To Finalise ‘Super Agency’ Plans As War On Corruption Hots Up

Members of China’s top anti-corruption agency gathered in Beijing on Thursday to set the agenda for the year ahead, with the final preparations for the creation of a “super” graft watchdog expected to be top of the agenda. The three-day closed-door meeting of the Central Commission for Discipline Inspection (CCDI) is the first since its new membership was elected at the national party congress in October, a meeting at which President Xi Jinping secured a second term in power.

Read Here – South China Morning Post

The U.S. Is Becoming The World’s New Tax Haven

Seven years ago, the U.S. led an effort to address a problem facing governments everywhere. Each year, people manage to avoid paying an estimated $2.5 trillion in income tax — a giant sum that could be used to combat poverty, update infrastructure or lower tax rates for law-abiding citizens. Now, however, the U.S. is becoming one of the world’s best places to hide money from the tax collector. It’s a distinction that the country would do well to shed.

Read Here – BloombergView

Corruption And Consolidation: Saudi Arabia Graft Crackdown Has Echoes Of Xi’s China

If Saudi Crown Prince Mohammed bin Salman’s bid to speed economic reforms by rounding up rivals in graft raids sounds familiar, that’s because China has been doing it for years.

Read Here – Chicago Tribune

Also Read: The World Should Push The Crown Prince To Reform Saudi Arabia, Not Wreck It

After 30 Years In A Coma, The Real Saudi ‘Awakening’ Begins Now

It was not an ordinary statement or pledge; not only because it was made by Crown Prince Mohammed bin Salman, but also because of what it implied — and it was followed only two weeks later with an exceptional, earth-shattering move.

Read Here – Arab News

Alwaleed, Saudi Purge’s Richest Victim, Has Assets Across Globe

Photo courtesy: alwaleed.com.sa

When Prince Alwaleed bin Talal was arrested as part of an anti-corruption probe in Saudi Arabia, it was the latest twist in the story of a billionaire who has courted international attention — while cloaking his investments in secrecy.

Read Here – Bloomberg

See List Of Those Arrested Here

Cabinet Reshuffle, Crackdown On Corruption In Saudi Arabia

King Salman announced two key changes in the Saudi Cabinet and ordered the formation of a super committee to combat corruption. The committee is to be headed by Crown Prince Mohammed bin Salman. In its first decision, the committee ordered the arrests of a number of princes and big businessmen for their involvement in corruption in different cases.

Read Here – Arab News

Also Read: Saudi Arabia Arrests Princes And Ex-Ministers Amid Anti-Corruption Crackdown

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