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Articles on Corruption

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London’s financial district at night. Gordon Williams/Unsplash

LIBOR: elections, manipulations – and a possible fix

The London Interbank Offered Rates is one of the world’s key financial tools, but the 2008 rigging scandal has led to calls for its being phased out. Can we find better ways of building the LIBOR rate?
The Supreme Court overturned the corruption conviction of former Virginia Gov. Bob McDonnell. AP/Andrew Harnik

It’s getting harder to prosecute politicians for corruption

A legal scholar looks at the new and narrowed definition of bribery by the US Supreme Court. In the future, will politicians doing favors for donors and friends ever be prosecuted for corruption?
Cyril Ramaphosa addresses a rally to commemorate Nelson Mandela’s centenary year in Cape Town, South Africa. Reuters/Mike Hutchings

The Ramaphosa moment: how many Messiahs can one country take?

Cyril Ramaphosa is no Messiah, and when the post-Zuma champagne corks stop popping, South Africans need to assess him as a mere mortal.
An appeals court ruling against Lula may disqualify this popular former Brazilian president from running again in October 2018. Supporters vehemently maintain his innocence. Ueslei Marcelino/Reuters

Presidential corruption verdict shows just how flawed Brazil’s justice system is

An appeals court ruling against popular Brazilian ex-president Lula has hotly divided Brazil. A legal scholar argues that this is a case of activist judges taking their anti-graft crusade too far.

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