(July 1, 2002) Apartheid victims will launch lawsuits demanding billions of dollars of compensation from US computer giant IBM and three German banks accused of profiteering in white-ruled South Africa, their lawyers said on Monday.
Other News Sources
The end of swag?
(July 1, 2002) Until recently, Europeans could pay off foreign officials and write it off as a tax deduction. Now they’re joining a rich-nation front with high hopes of rolling back the global culture of corruption.
A tale of two scientists
Water engineer Zhang Guangdou’s support for China’s big dams ensured a smooth career, capped now by a million-yuan prize. Huang Wanli, meanwhile, spoke out about the projects’ risks, and endured harsh punishment.
Sociologists before geologists?
Oil companies don’t choose the easiest places to practise social responsibility.
IMF fails to back Nigeria claim
(June 26, 2002) The IMF, which agreed with Nigeria to end formal ties earlier this year, has declined to confirm a claim by Olusegun Obasanjo, the country’s president, that the relationship between the two parties would resume in October.
Agabi’s absence stalls hearing in Abacha’s suit
(June 26, 2002) Attorney-General of the Federation yesterday stalled hearing of the suit against the Federal Government on moves to retrieve alleged looted money stashed in foreign accounts by the Abacha family.
Swiss government shrugs off apartheid suit
(June 26, 2002) The Swiss government, in its first official comments, shrugged off Wednesday a multi-billion-dollar lawsuit against two Swiss banks accused of propping up South Africa’s apartheid regime.
Beijing gives the media new marching orders
(June 26, 2002) China’s media have been ordered to follow the lead of the official Xinhua news agency when covering the controversial south-north water-transfer project, Hong Kong’s Mingpao newspaper reports.
Official defends government’s bid to resume ties with IMF
(June 25, 2002) The Director-General of the National Centre for Economic Management and Administration (NCEMA), Prof. Mike Obadan, yesterday stated that government’s action to resume ties with the IMF was in the public interest.
IMF and Nigeria locked in war of words
(June 25, 2002) The International Monetary Fund’s strained relationship with Nigeria has taken a bizarre turn after an apparent disagreement over a speech made in Washington last week by Olusegun Obasanjo, the country’s president.
German banks face apartheid action
(June 23, 2002) German banks Dresdner and Deutsche are next in line to be sued for billions of dollars for allegedly supporting an apartheid regime, lawyers have said.
Ambassador to Switzerland cool on class action suit
(June 23, 2002) South Africa’s ambassador to Switzerland on Sunday distanced her government from a class action lawsuit seeking to win compensation from Swiss banks for those who suffered during apartheid.
Acres’ Written Argument as submitted to the Lesotho Crown
(June 22, 2002) This document was submitted by Acres International during the closing arguments heard June 22 – June 25/2005.
Apartheid lawsuit spurs “odious debts” battle
(June 22, 2002) "I think the banks will learn from the case, whether it is successful or not, that they must take responsibility for the way their money is used," said Probe International’s Patricia Adams.
Ex-insider settles some old scores: A Review of Globalization and its Discontents by J. E. Stiglitz
(June 22, 2002) The searing criticisms of IMF policies and programs are mostly on target and come from none other than Joseph Stiglitz, the former Chief Economist of the World Bank.


