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Not all accounting scandals are caused by those at the top. In fact, in 2015, 33% of all business bankruptcies were caused by employee theft. [16] Often middle managers and employees are pressured to or willingly alter financial statements due to their debts or the possibility of personal benefit over that of the company, respectively.
Bristol-Myers Squibb accounting scandal [10] British Airways, for the "Dirty Tricks" scandal against Virgin Atlantic; Brown & Williamson, for chemically enhancing the addictiveness of cigarettes, becoming the leading edge of the tobacco industry scandals of the 1990s, eventually resulting in the Tobacco Master Settlement Agreement
In 2012, President Benigno Aquino said that, according to Transparency International, the factors driving the progress in the Philippines' Corruption Perception Index scores at that time were improved government service and reduced red tape. [8] Between 2012 and 2014, the Philippines's score rose from 34 to its highest-ever score of 38. [9]
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The Securities and Exchange Commission (SEC) filed criminal charges against Kapa-Community Ministry International and its executives, citing an investment scam. [7] [8] President Rodrigo Duterte was the first government official to announce the legal actions, doing so on June 8, 2019, when he ordered the National Bureau of Investigation (NBI) to shut down Kapa.
Toshiba Corp's (6502.T) chief executive Hisao Tanaka and a string of other senior officials resigned on Tuesday for their roles in the country's biggest accounting scandal in years. Tanaka will be ...
Corporate scandals in the United States (2 P) This page was last edited on 2 December 2023, at 07:36 (UTC). Text ... Statistics; Cookie statement; Mobile view ...
Commenting on the culture within the Post Office in his witness statement to the inquiry, he said: “It is clear that the Post Office’s corporate culture is at the root of this scandal, and I ...