Resources: Corruption, Complaint Procedure

3 results

DfID investments in alleged money-laundering fronts

BBC Newsnight reports

Peter Marshall, Newsnight

7 July 2014

BBC’s flagship news programme, Newsnight, ran a 10-minute segment on allegations that Britain’s Department of International Development (DfID), through its wholly-owned private equity fund of funds CDC Group, invested in money-laundering fronts for James Ibori, the ex-governor of Nigeria’ oil-rich Delta State, who has been serving a prison sentence in the UK since 2012.

Newsnight transcript

Whistleblower charges UK development agencies with gross maladminstration

Complaint submitted to UK Parliamentary Ombudsman

8 May 2012

Nigerian anti-corruption whistleblower Dotun Oloko today accused Britain’s Department of International Development (DfID) and its private sector arm, the CDC Group, of jeopardising criminal investigations into potential wrongdoing by two CDC-backed private equity funds, Emerging Capital Partners and Ethos.

In 2009, Mr Oloko supplied DfID with detailed information on investments by the two funds in companies alleged to have acted as money laundering fronts for James Ibori, the former Nigerian state governor who was sentenced last month for money laundering and fraud.

BAE/ Rolls-Royce/ Airbus "may" have broken OECD Guidelines

ECGD destroyed records that would confirm one way or the other

5 November 2010

Under the OECD Guidelines for Multinational Enterprises, commercial confidentiality cannot be used by corporations as a reason for refusing to supply the names of their agents when requested by competent authorities. This ruling by the UK government was issued in November 2010, six years after The Corner House first submitted a Complaint against BAE, Rolls Royce and Airbus.