Tag: charges

Norway fund blacklisted China ZTE on corruption charges

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article image AFP: The world's biggest sovereign wealth fund, Norway's public pension fund, has divested from Chinese telecom equipment maker ZTE because of corruption fears, the Norwegian central bank which manages the fund saidon Thursday. An ethics council that advises the central bank on the fund's investments said ZTE was facing corruption allegations in 18 countries and the group was or had been under investigation in 10 of them. "The council has concluded that the company has failed to…Read More

Series of charges puts Pakistan Science Foundations future at stake

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article image BY SIDRA SAIF ISB: Following the critical reservations of National Assembly Committee on Science and Technology over the performance of Pakistan Science Foundation (PSF) and subsequent initiation of probe into the zero progress on SandT in its mandated area despite having huge manpower and alleged irregularities, a big question arises as to how the Foundation will justify its existence, alleged misuse of funds especially when its bosses are already facing multiple charges of non-…Read More