Osita Mba, A Lawyer and Whistleblower, Investigated. Punishment?

The news that HM Revenue & Customs used privileges granted to it under the Regulation of Investigatory Powers Act of 2000 (Ripa) to investigate Osita Mba, the lawyer and whistleblower who drew attention to the Goldman Sachs tax settlement (among other cases) is deeply worrying for a number of reasons.

First, as I have learned during the time I have known Mba, he is a deeply ethical man. He may have broken ranks precisely because he felt the law was not being complied with, but I am sure he was wise enough to have known that the case would have fallen apart if he broke the law in the process. Yet HMRC seemingly failed to appreciate that. Was the possibility that Mba might have acted entirely ethically and within constraints he knew existed beyond HMRC’s comprehension? We should all worry about ethics being degraded within the HMRC.   Article

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World Bank wants improved access to finance for Nigerian women farmers

…“Although 35 per cent of women are employed in the agriculture sector, and 44 per cent of the country’s female headed households are involved in agriculture activities, only 18 per cent of rural plots are managed by female farmers,” said Ms. Marie-Nelly. “Boosting women’s agricultural productivity in Nigeria will require not only giving women access to land, but more critically improved access to finance as well as valuable information“..article World Bank wants improved access to finance for Nigerian women farmers

Carson Yeung’s Suspicious Transactions in Hong Kong Before Buying Birmingham City Football

 

Yeung is accused of handling the proceeds of crime over a seven-year period before buying control of Birmingham City for 81.5 million pounds ($130 million) in 2009. The case comes to trial as the number of suspicious transaction reports filed to Hong Kong authorities by banks and others required to do so doubled to 23,282 last year from a decade ago.  Article

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“It seems that larger and larger sums are being converted in money laundering,” Judge Esther Toh said in January in a separate case when she sentenced a Chinese high-school dropout to 10 and a half years in prison for laundering HK$13 billion through a Hong Kong bank over eight months.

Is Spain Doomed?

Five years after its housing boom turned to bust, Spanish unemployment hit a record high of 27.2 percent in the first quarter of 2013. It’s almost too horrible to comprehend, but 19.5 percent of the total workforce has not had a job in the past six months; 15.3 percent have not in the past year; and 9.2 percent have not in the past two years.  Article

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