A Tennessee man who became a subject of national scorn after stockpiling 17,700 bottles of hand sanitizer donated all of the supplies on Sunday just as the Tennessee attorney general’s office began investigating him for price gouging.

On Sunday morning, Matt Colvin, an Amazon seller outside Chattanooga, Tenn., helped volunteers from a local church load two-thirds of his stockpile of hand sanitizer and antibacterial wipes into a box truck for the church to distribute to people in need across Tennessee.

Officials from the Tennessee attorney general’s office on Sunday took the other third, which they plan to give to their counterparts in Kentucky for distribution. (Mr. Colvin and his brother Noah bought some of the supplies in Kentucky this month.)

The donations capped a tumultuous 24 hours for Mr. Colvin. On Saturday morning, The New York Times published an article about how he and his brother cleaned out stores of sanitizer and wipes in an attempt to profit off the public’s panic over the coronavirus pandemic. Mr. Colvin sold 300 bottles of hand sanitizer at a markup on Amazon before the company removed his listings and warned sellers they would be suspended for price gouging.  Click here...

Policy makers recognise the need for greater controls to prevent privacy violations in this digital world. Several emerging markets and developing economies are considering and enacting data protection policies – Click here

World Bank Debars 3 Companies for fraud and collusion - The World Bank has announced the debarments of Indonesian, Chinese, and Spanish companies Wednesday in three separate unrelated actions.

PT. Suburo Jayana Indah Corp.

China Railway First Group Co. Ltd.

Aqualia Intech S.A.

US Securities and Exchange Commission fines Nissan $15 million for failing to disclose retirement package for director - The United States Securities and Exchange Commission(SEC) has charged Nissan and its former CEO Carlos Ghosn with fraud for failing to disclose more than $140 million to be paid to Ghosn in retirement. Click here.

Not Just a College Admissions Scandal - the wrongdoing associated with the US college scandal involved real criminal activity far beyond the admissions process at these universities. In fact, it extended into a network of several major university athletic departments. Click here.

The Bank of Ghana(BOG) has collapsed five banks into a Consolidated Bank of Ghana Limited. The banks are BEIGE, Sovereign, Construction, UniBank and Royal Bank. In a press release from BOG and reported on August 1, 2018 by JoyOnline, many factors inclusive of regulatory non-compliance, poor corporate governance and risk management practices led to a buildup of vulnerabilities. Click here

Wells Fargo has agreed to pay a $2.09 billion fine for issuing mortgage loans it knew contained incorrect income information, announced per the US Justice Department. Click Here

Bloomberg reports, for six years, U.S. authorities have investigated whether Walmart bribed government officials in countries including Mexico, India and China over the course of a decade to fast-track store openings. Click Here

The Ghana Standards Authority (GSA) has urged persons and institutions that installed lifts/hoists to comply with the standard requirements. A statement issued by the GSA cautioned that failure to comply with the legal provisions might attract the prescribed legal sanctions.  Click Here

As reported by Bloomberg, Google received a record 4.3 billion-euro ($5 billion) antitrust fine from the European Union and was ordered to change the way it puts search and web-browser apps onto Android mobile devices.  Click Here

The Guardian reports Deloitte was victim to a cybersecurity attack. According to the paper, Deloitte was targeted by a sophisticated hack that compromised the confidential emails and plans of some of its blue-chip clients.
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Bloomberg reports South Africa’s central bank expressed concern at the quality of internal controls at KPMG LLP after the global auditing firm admitted that work for the politically-connected Gupta family was below the required standard. Eight senior KPMG executives quit following the internal investigation. The firm promises to donate the equivalent of $3 million to education and anti-corruption charges.
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KPMG and ACCA completed a study on corporate governance requirements in 2017 ranking Ghana 12 out of 15 markets. The report indicated that Ghana’s governance structures were not robust enough.
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The National Disaster Management Organization (NADMO), has described the 2017 Atomic Junction gas explosion which claimed 7 lives and 132 injured in Accra, Ghana as a “man-made disaster”. The organization claims, the disaster occurred due to the ill safety measures put in place by the owner at the gas filling station.

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