construction

Former military manager took bribes to favour contractors: shows a legal and ethical dilemma.

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A former Department of Defence civilian official has pleaded guilty to two felony charges for taking tens of thousands of dollars in illegal cash payments from a private contractor to support the contractor’s effort to obtain USD6.4 million from the government in connection with construction projects on a Navy base in the African nation of Djibouti, the US Department of Justice said, announcing a plea of guilty.

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A special kind of stupid: bootstrapping a high-profile start up with drugs money.

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We all know that getting any kind of new project off the ground is a complex, stressful and potentially ruinous venture. So, while there are those that spend their own capital, sweat equity, there are those that seek funding in the forms of loans or investment. So what happened when two New Jersey men decided to bootstrap their proposed development of a leisure complex with bunker-like, "doomsday", apartments designed to withstand every thing from biological threats to a nuclear winter?

FCRO Subsection:

Financial Crime News

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Property developer convicted for unsafe working practices

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A property developer in Manchester, England, has been convicted and sentenced after the roof and part of the rear wall of a building collapsed during demolition works. One might think that's kind of the point of demolition but not when it's done in an unsafe manner.

CoNet Section:

Construction

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Perth construction group closed by ASIC

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"Diploma, established in 1976, is a publicly listed commercial construction and property development company, undertaking a diverse portfolio of commercial, retail and high density residential projects," according to its website but Australia's corporate regulator, ASIC, has appointed liquidators to the group. Its shares on ASX have been suspended since the end of August 2016

CoNet Section:

Corporate Management

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