Saudi Arabia’s latest effort in combating corruption is to promote defamation as a potential punishment. According to local daily Arab News, Saudi Arabia’s formal advisory body, the Shoura Council, is urging the National Anti-Corruption Commission to adapt its regulations to allow corrupt officials to be publicly named and shamed by publishing their photos and personal details.
Saudi Arabia’s National Anti-Corruption Commission was established in 2011.
Tullow Guinea, a subsidiary of UK-based Tullow Oil, says the discovery that its business partner Hyperdynamics is being investigated by the US Department of Justice (DoJ) and US Securities and Exchange Commission (SEC) means it can no longer fulfil its contractual obligations. Tullow is part of a joint venture with Hyperdynamics which exploits offshore oil reserves in Guinea.
Hyperdynamics yesterday announced it is "unable to predict the outcome or timing of the results of Tullow’s assertion of force majeure". The company said the agencies are investigating how Hyperdynamics obtained and retained its Guinean concession rights.
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