Financial Transparency Coalition

The World Bank was set up to help end extreme poverty and increase shared prosperity. To do so it issues more than $52 billion in loans each year by investing in projects ranging from education and health care, to roads and governance. Yet, the Bank, and borrowing countries, have been criticized for their involvement in

Who is Mina Corp and why is the U.S. government doing business with it? Last week Andrew Higgins and Walter Pincus at the Washington Post wrote an article highlighting the U.S. military’s connection with this fairly mysterious company. The Subcommittee on National Security and Foreign Affairs of the U.S. House of Representatives' Committee on Oversight and Government Reform is investigating the contracts awarded to Mina Corp and its associated form Red Star Enterprises and is expected to publish a report on its findings sometime this month. While we wait for the report from Congressional investigators,...

US DOJ -- Two dual Afghan/U.S. citizens today pleaded guilty for their roles in a scheme to offer $1 million in bribes to a U.S. Army contracting official in Afghanistan.