Tag: corruption

Business Management Requires Fair and Clear Conduct, Not Corruption| National Catholic Register

Pope Francis urged financial leaders to be aware of the role that they will play in the rebuilding of the economy in the wake of the coronavirus pandemic.

VATICAN CITY — Pope Francis told a group of investment bankers Monday that fair conduct and transparency are essential in the field of finance.

“Christian thought is not contrary in principle to the prospect of profit, rather it is contrary to profit at any cost, to profit which forgets man, makes him a slave, reduces him to one thing among things, a variable of a process that he cannot in any way control or which he cannot oppose in any way,” Pope Francis said Oct. 5.

“Business management always requires fair and clear conduct from everyone, which does not yield to corruption,” he said in the Vatican’s Paul VI Hall.

The pope met with managers and staff of the prominent Italian investment

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Business management requires fair and clear conduct, not corruption

.- Pope Francis told a group of investment bankers Monday that fair conduct and transparency are essential in the field of finance.

“Christian thought is not contrary in principle to the prospect of profit, rather it is contrary to profit at any cost, to profit which forgets man, makes him a slave, reduces him to one thing among things, a variable of a process that he cannot in any way control or which he cannot oppose in any way,” Pope Francis said Oct. 5.

“Business management always requires fair and clear conduct from everyone, which does not yield to corruption,” he said in the Vatican’s Paul VI Hall.

The pope met with managers and staff of the prominent Italian investment bank, Cassa Depositi e Prestiti (CDP), as the firm celebrates the 170th anniversary of its founding in Turin this year.

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Former SAP executive implicates global software business in corruption probe



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Read Part One of this investigation here:

New evidence points to corruption in SAP’s R1-billion water deals

The global software giant SAP was warned five times over five years that paying commissions for help securing public sector contracts in South Africa was an invitation to corruption. 

But for the most part, these warnings were ignored, former SAP Africa chief financial officer Deena Pillay told the Special Investigating Unit (SIU).

Pillay is one of the three executives who resigned from SAP after our #GuptaLeaks investigations revealed that SAP had paid more than R100-million in commissions to Gupta-controlled companies for help securing software deals at Transnet and Eskom.

amaBhungane & Scorpio #GuptaLeaks: Software giant SAP paid Gupta front R100-million “kickbacks” for state business

So far Pillay has refused to talk about his role in the

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