Tag Archives: corruption

TANAP LOAN PROPOSALS UNDER FIRE

15 September 2017 By Kalina Oroschakoff | @MaKaOro | With thanks to Marion Solletty and Sara Stefanini. Originally published on POLITICO Pro Morning Energy and Environment. NGOs are stepping up their protests against the Southern Gas Corridor after the ‘Azerbaijani Laundromat’ money laundering scandal broke earlier this month. The European Investment Bank’s (EIB’s) board is […]

Read more

Southern Gas Corridor is the missing piece of Azerbaijani Laundromat puzzle

6 September 2017 Letter published on the Guardian by Sarah Shoraka Platform, Elena Gerebizza Re:Common, Xavier Sol Counter Balance, Anna Roggenbuck Bankwatch The Azerbaijani regime wants to present a positive image in Europe because it needs support for its flagship project, write four campaigners The Guardian’s Azerbaijani Laundromat investigation (UK at heart of $3bn secret […]

Read more

Major European loan to controversial Azerbaijani gas pipeline risks fuelling corruption, human rights abuse and climate change

October 18, 2017 Prague, Brussels A USD 500 million loan approved today by the European Bank for Reconstruction and Development (EBRD) for the construction of the Trans Anatolian Pipeline (TANAP) would enable this massive fossil fuels project while overlooking the continued repression of civil society and media in both Azerbaijan and Turkey. Traversing Turkey, from […]

Read more

Turkish gas companies with corrupt past get World Bank loan

Originally published on Climate Home. Businessmen who have secured contracts to build massive gas pipeline linking EU and Azerbaijan were convicted for tender rigging and bribery. By Karl Mathiesen The World Bank has approved $800m in loans for a gas pipeline through Turkey and Azerbaijan that will be built by several companies with a history of corruption scandals. […]

Read more

Revealed: the EU’s flagship energy project is built by companies with a legacy of corruption

December 13, 2016 Prague – CEE Bankwatch Network No less than 15 firms contracted to build the Trans Adriatic Pipeline (TAP) and the Trans Anatolian Pipeline (TANAP), the two main sections of the so-called Southern Gas Corridor, have been implicated in various forms of corruption in the past, according to a CEE Bankwatch Network report […]

Read more

New report analyses “corrupt but legal” practices in development finance

Brussels, 9 December 2016 Is corruption defined solely within the boundaries of what is legal? Is the deterioration of our democratic societies limited to officially acknowledged crimes such as bribes, money laundering and fraud? The answer is no, according to Counter Balance’s latest analysis “Corrupt but legal” published today, on the occasion of the International […]

Read more