John Deere Facing 10 Million Dollar Fine from SEC.

Last week, the Securities and Exchange Commission (SEC) announced that it was fining John Deere $10 million to resolve allegations that it breached the Foreign & Corrupt Practices Act (FCPA). According to a report on a website called whistleblowersblog.org, Wirtgen Thailand, a subsidiary of John Deere, paid bribes to numerous Thai entities, including the Royal Thai Air Force and Department of Highways, to win government contracts. These bribes included but were not limited to cash payments, international travel, and visits to massage parlors. According to the SEC, when John Deere acquired Wirtgen Thailand, they failed to stop the bribery schemes from occurring. John Deere appears to be reaping what they have sown by failing to investigate their new acquisitions’ business practices.

Hochul Involved in Chinese Spying Scandal.

Last Week, an aide to New York State Governor Kathy Hochul was charged with spying for China. According to a report in The Guardian, Linda Sun, Hochul’s chief of staff, on direction from the Chinese government prevented Hochul from meeting Taiwanese officials. Sun also allegedly shaped policy in a way that was favorable to Chinese government interests. In return for her efforts, Sun and her husband received tickets to a Chinese orchestra and lavish meals, including Nanjing-style salted duck, as well as Sun and her husband purchased property and expensive cars. It is unclear what will happen next, but if found guilty, Sun will likely face prison.

Russian Deputy Defense Minister Arrested on Corruption Charges.

Last week, the former Deputy Defense Minister of Russia, Dmitry Bulgakov, was ordered to be held in pretrial detention on corruption charges. According to the Washington Post, Bulgakov is accused of embezzlement by supplying low-quality ration packs to Russian soldiers in Ukraine at vastly inflated prices. He was the deputy defense minister from 2008 to 2022 but was demoted because he was seen to have created a flawed logistical system for Russian troops on the front line. This is not the first time a high-ranking Russian military official has been arrested on corruption charges. According to a report in The Guardian, Russian policy observers believe this new Anti-Corruption policy aims to streamline the production of weapons and tanks. As for Bulgakov, I would guess he probably won’t see the light of day for a very long time, if ever.

Santos Expected to Plead Guilty in Federal Government Case.

Yesterday, several reports emerged that George Santos plans to plead guilty in his federal corruption trial. According to a report in Reuters, Santos intends to plead guilty to multiple counts of corruption in federal court in Long Island today, Monday, August 19^th. Santos’s time in Congress did not last long; he took office in January last year and was expelled in December. According to a report on a local New York City website called AMNY.com, Santos’s trial on corruption, money laundering, and theft of public funds was supposed to start next month. If I had to hazard a guess, I think Santos’s tenure in prison will last longer than his tenure in Congress.

Japan and Ukraine Reach Anti-Corruption Pact.

Last week, Ukraine and Japan agreed to an Anti-Corruption pact to improve Ukrainian anti-corruption measures. According to a report in Euromaidan, the Ministry of Justice of Japan will help their Ukrainian counterparts enhance Anti-Corruption policies and bring in more personnel to fight corruption. According to a report in the Japan Times, negotiations for this agreement started in June at the G7 conference in Italy. These reforms could help Japanese companies break into the Ukrainian market. Despite recent strides in combating corruption, Ukraine still has much to do.

The Fallout Continues From the Venezuelan Election.

On July 28^th, Venezuela had a contested general election. According to a report in The Washington Post, the Venezuelan election commission, which is government-backed, said Nicolas Maduro beat his opponent, the opposition leader Edmundo Gonzalez, by 7 points. However, independent polling and the government’s records, which it has yet to release, state that Gonzalez won twice the number of votes than Maduro. According to an AP report, numerous civil society leaders worldwide are concerned about the growing number of arrests resulting from the protests over the weekend. Knowing the history of Venezuela, this situation will take a while to resolve itself.

Massive Anti-Corruption Protests Rock Uganda.

Last week, several large-scale protests occurred in the Ugandan capital, Kampala. According to a report in Reuters, at least 73 people were arrested in the protests. The demonstrations in Kenya last month inspired these protests about proposed tax increases. According to a report in Al Jazeera, Several members of parliament are facing corruption charges, as is the speaker of the parliament, Anita Among. In a country with a population of 45 million, 15 million are under 35, and they are frustrated with widespread corruption. It is unclear what will happen next, but it is clear that the young people of Uganda are fed up with rampant corruption.

Spanish PM Sanchez to Testify in Wife’s Trial.

Yesterday, the Prime Minister of Spain, Pedro Sanchez, was summoned by the judge in his wife’s corruption case. According to a report, Sanchez will be questioned on July 30th by Judge Juan Carlos Peinado at the Prime Minister’s official residence. At the center of the case is whether or not Sanchez’s wife used her husband’s political connections to further her business interests. According to a report in USnews Begona Gomez, Sanchez’s wife, claimed that the allegations are part of a right-wing plot to unsettle the current socialist government., It is unclear what will happen next, but if Gomez is found guilty, it could cause political instability.

Menendez Found Guilty on Corruption Charges.

Well, that didn’t take very long. After only 13 hours, Robert Menendez was found guilty on all 16 counts of bribery, extortion, wire fraud, and acting as a foreign agent for the Egyptian government between 2018 and 2022. According to a report in the Washington Post, his co-defendants, Egyptian businessmen Wael Hana and real estate developer Fred Daibes, were also found guilty on similar charges. Within moments of the verdict being handed down, senate democrats were lining up, implored to resign from or otherwise be expelled from office. All of the attention on this case turns to Menendez’s wife, Nadine, who is facing trial on similar charges this fall after undergoing cancer treatment. It is a damming indictment of US politics that Menendez, who narrowly escaped being found guilty on corruption charges in 2017, would be so bold as to continue to engage in corrupt behavior while in office.

Former European Investment Bank Head Facing Corruption Allegations.

Today, prosecutors for the European Union (EU) looking into financial crimes are investigating the former head of the European Investment Bank (EIB), Werner Hoyer. According to a report in Politico, the European Public Prosecutors Office (EPPO) is investigating Hoyer and another individual for allegations that they misappropriated EU funds and abused their power in office—police in Germany and Luxembourg, where the EIB have been working jointly on the investigation. According to a report in Euronews, the EIB has 250 billion Euros in capital that funds climate change projects and the future reconstruction of Ukraine. It is unclear what Hoyer’s future is, but the former head of the investment bank that serves the EU is never a good look.