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In wake of budget cuts, violence doubles at Florida’s mental hospitals

+ After a $100 million budget cut, violence is on the rise at Florida’s six largest mental hospitals – almost 1,000 patients have hurt themselves or someone else and at least 15 people have died since 2009, according to an investigation by the Tampa Bay Times and the Sarasota Herald-Tribune.

+ Here’s the tiny drug company outside of Belfast that has helped at least four huge U.S. drug giants avoid paying billions in taxes. Pfizer could be the next one to reap such benefits through an inversion, if it succeeds in buying Allergan.

+ The prime minister of Malaysia caught up in a corruption scandal won’t sue the Wall Street Journal for defamation because he is not well known enough in the U.S., according to his lawyers. In July, the WSJ reported that $700 million was transferred from a government-controlled investment fund into bank accounts belonging to Datuk Seri Najib Razak, prompting multiple probes in that country.

+ Government officials in Kenya have been looting millions from a youth enterprise development fund and spending the money to buy high-end real estate, reports the Daily Nation.

+ The head of laboratory safety at George Washington University – who oversees and protects the school’s radioactive materials and equipment – has been placed on administrative leave amid accusations of plagiarism and creating a harmful work environment, reports the GW Hatchet.

+ In case you missed it, read the NYT’s massive probe into how a group of corporate lawyers held a meeting in Manhattan in 1999 and plotted to increase the use of arbitration – rather than class-action suits – to settle consumer complaints, which has effectively taken away the right to sue. They succeeded beyond their wildest dreams and now arbitration clauses are quietly inserted into almost contract or agreement signed by consumers and employees, in which they agreed to abide by rules that effectively privatize the justice system by favoring businesses, “and judges and juries have been replaced by arbitrators who commonly consider the companies their clients, The Times found.”

Deloitte under fire over scandal at Malaysian investment firm tied to PM’s millions

The Malaysian state investment firm at the heart of the corruption scandal involving allegations that $700 million in public funds was funneled into the personal bank accounts of prime minister Najib Razak is audited by Deloitte, one of the Big Four accounting firms.

Now tough questions are being raised over Deloitte’s failure to red-flag the suspicious transactions at IMDB, as well as the fund’s $11.1 billion debt and that some investments have benefited donors to Razak’s political party.

Last year, blue-chip accounting firm KPMG refused to sign off on IMDB’s financials, Nur Jazlan, the chairman of Malaysia’s audit committee told the New York Times. The fund quickly signed up Deloitte, which was considered a good sign by some officials such as Jazlan who said “They wouldn’t sanction the accounts if there was a problem.”

Now, in the wake of all the revelations about problems at the fund, 1MDB and Deloitte are both being probed by the Malaysian Institute of Accountants. And officials from both Deloitte and KPMG have both been hauled in to testify over their apparent lack of oversight at parliamentary hearings led by the Public Accounts Committee, where the firms vigorously defended their accounting and auditing.

Opposition lawmakers have alleged that Deloitte failed to report dubious transactions unearthed while auditing 1MBD’s books. Though it seems like a conflict of interest given that the firm is also the subject of a probe, the committee asked Deloitte to expedite its current audit of the fund and to report the results to parliament.