Sunday 2 October 2011

Bloomberg reveals that Koch Industries sold petrochemical equipment to Iran and paid bribes in six countries

In a bold and spectacular move, Bloomberg Markets Magazine wrote a story which does not only focus on several new revelations, but also provides a comprehensive overview about scandals of Koch Industries which happened during the last decades. The story also explicitly puts the well known political activities of the Koch Brothers in context with their highly questionable behaviour in business.
The story is a fine piece of investigative reporting and spans over 14 pages in the magazine, without the adverts. No less than 15 Bloomberg-journalists in several countries have worked on it. It is fascinating to see that such a major investigative piece about a highly political issue does appear in a business magazine and not in one of the more "traditional" political magazines or newspapers.
This is Pulitzer-Prize territory. This article is destined to make large waves, not just because of the particular revelations, but also because of the highly impressive and almost surprising depth of reporting. It is obvious that no expense was spared for this article. Next to Jane Mayer's ground breaking piece about the Koch Brothers in the New Yorker, this article by Bloomberg Markets Magazine undoubtedly represents another PR-disaster for the Koch Brothers, and could also have severe consequences...
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1 comment:

  1. As to the bribes. We expect our people to pay the toll to do business the world over. Now we have Solindra and lightsquared: the result of the fourth estate not vetting the left's political candidate and microinspecting every emerging star from the right. Now the world has to count what it must brbe to do business U.S., even to the tune of bundling donations to get their failed business investments guaranteed so they can come out whole. Germany and France had no problem nor fallout from working for Saddam Hussein. Small wonder their partners get sucked into it in Iran.

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