Corruption
In 2003 one of the largest foreign corruption investigations in US was uncovered connected to the Government of Kazakhstan funds from oil transactions. Global corruption report 2009 refers to alleged scheme were the Kazakh president and oil minister demanded that international oil companies pay fees to a middleman. The case was under investigation in 2009. According to claims the middleman got from the deals some US$78 million in gifts and bribes to the Kazakh president and others through bank accounts in Switzerland, Liechtenstein and the British Virgin Islands.
According to media reports, the former chief executive of German MAN SE’s turbine manufacturing unit MAN Turbo AG, pleaded guilty in June 2010 of bribery. In one case, he reportedly paid a bribe to obtain a major contract with MunayGaz in Kazakhstan for construction of a gas turbine compressor station, which he claimed was solicited in 2004.
Read more about this topic: Energy In Kazakhstan
Famous quotes containing the word corruption:
“The traveller who has gone to Italy to study the tactile values of Giotto, or the corruption of the Papacy, may return remembering nothing but the blue sky and the men and women who live under it.”
—E.M. (Edward Morgan)
“Keep your hands clean and pure from the infamous vice of corruption, a vice so infamous that it degrades even the other vices that may accompany it. Accept no present whatever; let your character in that respect be transparent and without the least speck, for as avarice is the vilest and dirtiest vice in private, corruption is so in public life.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)
“She saw in the rainbow the earth’s new architecture, the old, brittle corruption of houses and factories swept away, the world built up in a living fabric of Truth, fitting to the over-arching heaven.”
—D.H. (David Herbert)