Financial Transparency Coalition

July 22 (Bloomberg) -- China’s detention of Rio Tinto Group executives amid allegations of espionage and bribery should serve as a reminder to foreign companies that they may also risk prosecution by U.S. enforcement agencies, lawyers said.

Bloomberg -- The Namibian government is asking for “cooperation and assistance” from the son of China’s president in a probe involving a Chinese maker of security scanners, according to Paulus Noa, director of the African country’s Anti-Corruption Commission.

The Australian: THE son of Chinese President Hu Jintao has been dragged into a corruption scandal in Africa involving a security scanning company, Nuctech, which he headed until last year.

Strategic dispute resolution has become critical for companies to sustain their global transfer pricing strategies. Now, PricewaterhouseCoopers (PwC) announced its International Transfer Pricing 2009 book which predicts an increase in disputes around the world as more and more tax authorities aggressively attempt to enforce their transfer pricing rules. “In 2009 we expect that several major territories will adopt new or revised requirements for transfer pricing and the impact of the OECD’s discussion draft on business restructurings will be evaluated,” said Garry Stone, a Partner with PricewaterhouseCoopers LLP.