Sunday, 28 July 2013

Sberbank Accused of Plagiarizing Research | Business | The Moscow Times

Sberbank Accused of Plagiarizing Research | Business | The Moscow Times:

"Sberbank's corporate and investment business has been accused of plagiarizing research and has withdrawn a presentation to American clients, Vedomosti reported Friday.

Sberbank CIB circulated a report on Monday entitled "Russian Corporate Governance: How to Seize the Moment" to American clients, which has since been withdrawn as it bears a striking resemblance to a report entitled "Corporate Governance: the Price of Additional Risks," compiled by investment bank Aton Capital in July 2012.

The similarities were obvious, said one investment banker, citing the example of an identical table in which the structured equity market performance of the BRIC countries appeared in both reports. The figures in the Sberbank CIB report had not been updated since 2012."

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