How the Siemens bribery settlement funds opacity – A must read story
After its huge bribery scandal, Siemens agreed to settle legal proceedings against it by funding anti-corruption work. Siemens uses these funds to finance the Austria-based International Anti-Corruption Academy (IACA).
But the academy does not allow outsiders to scrutinize its finances. A joint investigation by CORRECTIV and the Austrian weekly magazine “News” has revealed evidence that a local old boys’ network is pulling the academy’s strings – while its other supporters are mostly authoritarian governments with poor anti-corruption records.
See the full article here.