Financial Transparency Coalition

BERLIN – Oil and gas companies have improved the transparency of how they report revenues and information about anti-corruption programmes but should take bolder actions to stop corruption, according to a new report by Transparency International (TI) and Revenue Watch Institute (RWI).

Raymond Baker, director of Task Force member Global Financial Integrity, appeared on two separate TV channels/shows on Friday: CBS (CBS Evening News) and Bloomberg (InBusiness). Watch Mr. Baker discuss the assets of Libyan leader Muammar Qaddafi on Friday's CBS Evening News:

LONDON – Global Witness has learned that Teodorin Obiang, the notorious son of Equatorial Guinea’s long-ruling dictator, commissioned plans to build a superyacht worth $380 million – almost three times more than his energy-rich country spends annually on health and education programs combined. This news comes amid an increasingly heated debate about how Middle Eastern dictators and their family members have enjoyed luxury lifestyles, as well as stashing their assets in foreign countries.

Playboy bunnies. $2 million Bugattis. Bags full of cash. Meet the world's richest minister of agriculture and forestry.