RECENT CORPORATE SCANDALS IN MALAYSIA Air-freight firm Transmile Group Berhad hit the business news headline for the wrong reason in 2007. The share price suffered turbulence when it was revealed that auditors of Deloitte & Touche were unable to substantiate the accounts of year 2006. The fraud was discovered after a special audit conducted by Moores Rowland Risk Management Sdn. Bhd.‚ stating that the company has been overstating its revenue between the periods of 2005-2007 to reduce the net loss
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lost trust in the papers since the scandal. * TV and Radio have benefitted from the lack of trust in newspapers. * Leveson inquiry is likely to lead to much tighter regulation‚ with potential new legislation to enforce stricter controls in the long run. Implications – The Government * Government involvement with the press heavily scrutinised‚ particularly Andy Coulson and Jeremy Hunt. * David Cameron were required to handle the phone hacking scandal and thus commissioned Lord Justice
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Watergate Scandal. President Nixon and his committee took an aggressive approach to their campaign. During his final months before the reelection was to take place‚ he felt threatened by the opposing democratic party. Richard Nixon and his committee came up with a scheme to cheat their way to winning the election. This scandal goes to show that people will lie and cheat to get what they want‚ no matter how honest they claim to be or have been in the past. There is no doubt that this scandal is true
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the most trending is the 2016 presidential election. Being dubbed “insane” with the many claims and events by the candidates‚ there are a select few topics that are definitely deemed to be “controversial” in conversation. One topic being the email scandal on Hillary Clinton’s part. Losing thousands upon thousands of emails may seem like a harmless mistake‚ however‚ those emails were suspected to hold classified information that was never meant to reach anyone on the outside. On top of that‚ all of
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In 1985‚ President Ronald Regan and his administration began what is now known Iran-Contra Scandal. This scandal dealt with the United States selling weapons to Iran‚ via Israel‚ to attempt to help free Americans hostage held in Lebanon. They then used the money made from these sales to finance guerilla fighters in Nicaragua‚ who were fighting against their communist government. President Regan may have felt that he and his administration were doing the greater good in the fight against communism
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adidas-group Philipp 21.05.2013 Inhaltsverzeichnis 1. 1.1. 1.2. 1.3. 2. 3. 4. 4.1. 4.2. 4.3. 5. History............................................................................................................................................. 4 The adidas Group at a glance ................................................................................................ 4 Adi Dassler - the man who gave adidas its name ............................................................... 5 The adidas
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1919 Scandal Deflategate‚ the Russians using steroids‚ and Thomas Voeckler using a hidden engine while cycling‚ are all sports scandals that may be see in the news today‚ but in all reality infamous sports scandals date way back. Indeed‚ the 1919 World Series is one of the most iconic‚ when eight members of the Chicago White Sox were bribed to throw the game by many high ranking gamblers. The players were sent to court‚ and tried for their crimes‚ and sewed punishments. The players caused many new
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On the morning of June 17th‚ 1972‚ burglars charged with attempted robbery and attempting to bug phone lines were arrested in the offices of the Democratic National Committee. This robbery began one of the most infamous scandals‚ later to be named “The Watergate Scandal”‚ in American history‚ and put the president himself under the microscope of the law. The Supreme Court tried the case against President Nixon and his seven aides who helped him cover up the conspiracy. After Nixon’s refusal to give
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company‘s shareholders lost tens of billions of dollars after the stock price plummeted. The scandal surrounding Enron‘s demise engendered a global loss of confidence in corporate integrity that continues to plague markets‚ and eventually it triggered though new scrutiny of financial reporting practices. To understand what went wrong‚ we‘ll examine the history‚ culture‚ and major players in the Enron scandal . ENRON’S HISTORY The Enron Corporation was created out of the merger of two major gas pipeline
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Introduction We all remember the meat scandal back in 2012-2013 that was all over the news. There were some tests on certain types of meat in a supermarket and the content of the package didn’t turn out to be what the label said it was. This resulted in a huge outbreak of tests all over Europe. More and more products came out to be lies. Horsemeat was one of the more popular deceiving products sold on the market. People expect certain standards and assurances when they buy products from a store‚
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