The AACI Blog Page

27 May

NMC Health Plc: Shameful Financial Disgrace

Posted by The AACI Academia, Business Ethics, Costs of Corruption, Governance, Internal Control, Opinions, Types of Fraud and Corruption

May 25, 2020Mike J. Masoud [note] Mike Masoud, CPA, CACM, CFE, MBA is the Sr. Director of The American Anti-Corruption Institute (AACI) in the Middle East and Africa. You may reach him at Mike@THEAACI.com [/note] Last month, The AACI published a conservative blog about the NMC Health Plc scandal entitled: […]

14 May

Elite Capture of Foreign Aid: Evidence from Offshore Bank Accounts

Posted by The AACI Business Ethics, Costs of Corruption, Ethics, Governance, Human rights, Internal Control, Types of Fraud and Corruption

May 14, 2020 On February 28, 2020, Bob Rijkers, senior economist [note] https://www.worldbank.org/en/news/video/2020/03/03/elite-capture-of-foreign-aid accessed on May 14, 2020, [/note] at the World Bank, presented the results of a Policy Research Working Paper on “Elite Capture of Foreign Aid: Evidence from Offshore Bank Accounts.” You may watch the 51 minutes video […]

12 May

Corrupt Elite Capture of Foreign Aid

Posted by The AACI Costs of Corruption, Governance, Human rights, Internal Control, The AACI's View, Types of Fraud and Corruption, whistleblowing

Technical StaffMay 11, 2020 On February 19, 2020, the World Bank published a working paper, entitled ‘Elite Capture of Foreign Aid,’ [note] Andersen, J., Johannesen, N. and Rijkers, B., 2020. Elite Capture Of Foreign Aid: Evidence From Offshore Bank Accounts. [online] Documents.worldbank.org. Available at: <http://documents.worldbank.org/curated/en/493201582052636710/pdf/Elite-Capture-of-Foreign-Aid-Evidence-from-Offshore-Bank-Accounts.pdf> [Accessed 11 May 2020]. [/note] where the […]

05 May

One of the Big Four Audit Firms Faces Difficult Times

Posted by The AACI Business Ethics, Costs of Corruption, Ethics, Governance, Human rights, Internal Control, whistleblowing

May 5, 2020 Ernst & Young (EY) faces difficult times where its audit for specific clients are under investigation by the UK watchdog and other regulators. The following are limited relevant news that forms developing stories. May 4, 2020 April 27, 2020 April 17, 2020

30 Apr

NMC Health Plc: Who Defrauded Whom?

Posted by The AACI Business Ethics, Costs of Corruption, Ethics, Governance, Human rights, Internal Control, The AACI's View, Types of Fraud and Corruption

April 30, 2020Technical Staff Since last December, the fraud and corruption red flags came out loud and clear. Since then, news reports say that many UAE banks are exposed to more than USD 4.2 billion due to suspected fraud at this healthcare provider conglomerate. On March 2, 2020, the Guardian […]

22 Apr

Exceptional UK Court Judgment: “EY ordered to pay whistleblower $11m in Dubai gold audit case”

Posted by The AACI Costs of Corruption, Ethics, Governance, whistleblowing

April 22, 2020 Last Friday, April 17, 2020, was an exceptional day for Amjad Rihan, whistleblowing advocacy, and the fight against corruption. Mr. Rihan spoke out to the Guardian on February 25, 2014, and stated clearly his findings. On April 17, 2020, ” The high court in London ruled on […]

05 Apr

Corruption Dynamics: Coronavirus (COVID-19) Pandemic

Posted by The AACI Business Ethics, Costs of Corruption, Ethics, Governance, Human rights, Internal Control

April 5, 2020Technical staff The Coronavirus pandemic is unprecedented in human history. Therefore, its implications on the fight against corruption shall be unusual as well. Unfortunately, the ultimate price of corruption under the era of Corona is expressed in terms of people’s lives. When the Red Cross fought the Ebola […]