What are the top 10 biggest corporate scandals worldwide this year?

As an AI language model, I can provide information on some of the major corporate scandals that have occurred in recent times. However, please note that the definition of “biggest” can vary, and new scandals may arise or develop as the year progresses. Here are ten significant corporate scandals that have occurred worldwide during 2021:

1. Archegos Capital Management Collapse: In March 2021, Investment firm Archegos Capital faced significant losses, resulting in billions of dollars of write-downs for several major banks after their highly leveraged positions in stocks were forcefully unwound.

2. Toshiba Accounting Scandal: In August 2021, it was revealed that Japanese conglomerate Toshiba had systematically inflated its profits over several years, leading to a $1.2 billion accounting scandal.

3. Wirecard Scandal: The Wirecard scandal, which began in 2019, continued to unfold in 2021. The German payments company filed for insolvency in June 2020 after admitting that €1.9 billion ($2.2 billion) of cash on its balance sheet didn’t exist.

4. Greensill Capital and GFG Alliance: The collapse of Greensill Capital, a financial services company led by Lex Greensill, had far-reaching effects worldwide. It exposed potential conflicts of interest and the risk of supply chain finance.

5. Luckin Coffee Fraud: In 2020, it was revealed that the Chinese coffee chain, Luckin Coffee, had fabricated more than $300 million in sales. The scandal’s fallout continued into 2021 as regulators handed down penalties and delisted Luckin from the NASDAQ.

6. Evergrande Group Debt Crisis: Evergrande, one of China’s largest property developers, faced mounting debt issues in 2021. The company’s liquidity crisis raised concerns about its ability to repay its creditors and sparked fears of contagion within the Chinese economy.

7. Danske Bank Money Laundering: Danske Bank, Denmark’s largest financial institution, faced allegations of a massive money-laundering scandal in 2018 that continued to unfold in subsequent years. Investigations and regulatory challenges have persisted into 2021.

8. Nikola Corporation Scandal: In 2020, allegations were made against Nikola Corporation, an electric vehicle start-up, regarding fraudulent claims about its technology and capabilities. Continued investigations and lawsuits surrounding the company’s actions spilled over into 2021.

9. JBS Cyberattack: JBS SA, one of the world’s largest meat processing companies, became the target of a ransomware attack in May 2021. The cyberattack temporarily disrupted operations and highlighted the vulnerabilities of critical infrastructure systems.

10. Volkswagen Diesel Emissions Scandal Fallout: While the Volkswagen diesel emissions scandal originated in 2015, ongoing investigations, settlements, and legal proceedings continued to unfold in various countries, carrying over into 2021.

Please note that this list is not exhaustive, and the prominence of scandals can vary based on region and individual perspectives.