The Ledger, Feb. 11: The week that was in Canadian accounting news

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The Ledger, Feb. 11: The week that was in Canadian accounting news

The Toronto Star continues to hammer on its theme of Canadian corporate tax avoidance, with its editorial this week on Turquoise Hill Resources, a subsidiary of Rio Tinto. The original reporting was done by Canadian Press one week earlier.
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$3.6 Billion in Hidden Bad Loans Spotlight Indian Banking Stress

India's regulator unearthed about $3.6 billion of bad loans in the books of the country's biggest bank, amplifying questions about distress in the financial sector given underreporting by some rivals as well. State Bank of India on Friday said an audit by the central bank showed soured debt was about 232
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Trump May Struggle on $1 Trillion Pledge to Fix Crumbling US

Donald Trump ran for president on the promise of $1 trillion fix for crumbling U.S. roads, bridges and airports, but the plan he's rolling out Monday commits the federal government to spending just a fraction of that amount. Instead, the White House wants to revamp how such projects are funded and
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MEC organises seminar on anti-money laundering

Participants were briefed on the unit's role and discussed co-operation between the unit and auditors to facilitate the work of the Anti-Money Laundering and Combating the Financing of Terrorism Committee with the support of accounting offices and companies operating in Qatar, the MEC said in a
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Harvey Weinstein Sued by New York Over Sexual Harassment at Firm

Embattled movie producer Harvey Weinstein was sued by New York officials for creating a hostile work environment at the Weinstein Co. that allegedly featured “pervasive sexual harassment,” intimidation and discrimination. New York Attorney General Eric Schneiderman's lawsuit comes as Weinstein is
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