Bank suspends worker in rigging probe
The Bank of England has suspended a member of staff as part of an investigation into potential rigging of the foreign exchange market. The staff member has been suspended while it decides whether "internal control processes" were followed.
Rolls-Royce sets up whistleblower hotline for staff with bribery concerns
Rolls-Royce has launched a 24-hour "ethics line" for employees to report concerns about bribery, and promised to strip bonuses from bosses sacked for any involvement in corruption. The dedicated whistleblower phone line, operating in 48 countries, comes in response to a criminal investigation by the Serious Fraud Office into allegations that the UK firm paid multimillion bribes in Indonesia and China.
Chevron wins US ruling on $9.5bn Ecuador payout
Oil giant Chevron has won a US court ruling against a $9.5bn (£5.7bn) payout to residents of Ecuador's Amazon region. A US judge said that ruling was "obtained by corrupt means", and US courts could not be used to enforce it.
Country's most senior judge calls for radical reform of laws on fraud so City bankers can be tried and punished
The country’s most senior judge called for radical reform of the laws on fraud so that corrupt City bankers can be tried and punished. Lord Chief Justice Lord Thomas said: ‘It is vital for the health of our economy and the pre-eminence of London that those who commit financial fraud or engage in bribery and corruption are tried in a criminal court and severely punished.’
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