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Nestle Recalls 400 Million Packets of Instant Noodles in India
Richard Smallteacher
June 18th, 2015
Nestle says that it will destroy 400 million packets of Maggi brand instant noodles in India worth some Rs 320 crores ($50.5 million). The company made the announcement after the Food Safety and Standards Authority of India found “hazardous” levels of lead in company products and ordered legal action.
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 | | Maggi noodles on sale in India. Photo: srabanirsphotos. Used under Creative Commons license.
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Soco International Accused of Paying Bribes for Congo Oil Exploration
Richard Smallteacher
June 12th, 2015
Shareholders have demanded that the CEO of Soco International be fired after handwritten receipts for $42,250 in alleged bribes to Congolese army officials were published by Global Witness. At the time, the UK company was exploring for oil in Virunga, a United Nations World Heritage site in eastern Congo.
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 | | Virunga National Park, Democratic Republic of the Congo. Photo: David Lloyd. Used under Creative Commons license. |
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Traffic, Brazilian Sports Company, at Center of World Cup Football Scandal
Pratap Chatterjee
June 8th, 2015
Traffic International, a Brazilian sports media company, has been named as the source of at least $60 million in bribes paid to Fédération Internationale de Football Association (FIFA) officials, the organizers of the World Cup football tournament, to obtain media and marketing rights to international games.
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 | | Sepp Blatter. Photo: Ricardo Stuckert. Used under the Creative Commons |
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Tobacco Companies Ordered to Pay C$15.6 Billion to Quebec Smokers
Richard Smallteacher
June 4th, 2015
Over one million people in the Canadian province of Quebec will receive a total of C$15.6 billion ($12.5 billion) in damages for smoking related diseases from three of the biggest tobacco companies in the country. The settlement is the result of a 17 year long court battle.
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 | | Tobacco warning. Health Canada. Used under Creative Commons license. |
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Retailer SportsDirect Accused of Sweatshop Like Conditions in the UK
Pratap Chatterjee
June 1st, 2015
SportsDirect, a British sports merchandise retailer, has been accused of employing workers in sweatshop like conditions by Channel Four Dispatches, a UK TV program. The broadcaster aired undercover footage shot by a reporter at the company’s Shirebrook warehouse in northern England.
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 | | CAPTION. Photo: Ninian Reid. Used under Creative Commons license.
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Six Banks Pay $5.6 Billion in Fines for Foreign Exchange Manipulation
Richard Smallteacher
May 22nd, 2015
Six major international banks – Bank of America, Barclays, Citibank, JPMorgan Chase, Royal Bank of Scotland (RBS) and Union Bank of Switerland (UBS) – have agreed to pay $5.6 billion in fines for rigging global foreign exchange markets. Four of the six have pleaded guilty to criminal behavior, an unprecedented admission.
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 | | Wall Street protest 2010. Photo: Jens Schott Knudsen. Used under Creative Commons license |
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DaVita Pays $895 Million To Settle Kidney Treatment Fraud Claims
Richard Smallteacher
May 14th, 2015
DaVita, a company that provides health care to patients with kidney problems, has agreed to pay $495 million to settle whistleblower complaints that the company conspired to overcharge the U.S. government. This is in addition to the $400 million that the company had to pay out last year.
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 | | DaVita clinic in Berkeley. Photo: Pratap Chatterjee |
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