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?date?: former foreign secretary Sir Malcolm Rifkind was concerned.?date?: Among the controversies was the £444,000 ASI was paid to boost the public image of a water project in Tanzania which collapsed amid much recrimination about cost and incompetence.2004: It emerged that the Labour government had paid ASI £118million in six years.2005: the company received a further £22.5million from the Department for International Development (DfID).Four of ASI’s directors received more than £1m each in dividends. 2010-2011: DfID gave ASI £37m, out of a total company turnover of £53.6m.2012: ASI gross profits were £9m, with net profit of £6.8m.2013: Justine Greening, International Development secretary, introduced new guidelines on transparency.Chief executive Layth Bunni was paid almost £240,000. 2014: ASI gross profits were £17.4m with net profit of £14.3m.It emerged that 9 executives had each received more than £1.5m tax-free. Feb.2016: DfID froze the award of future contracts to ASI after a scathing report by the International Development Committee on the firm’s ‘inappropriate’ behaviour.Young also reported back to senior management on ‘a productive meeting’ at the Tory Party conference with Kelly Tolhurst, parliamentary private secretary to Priti Patel, DfID Secretary. Jun.2016: Peter Young had a private lunch with DFID’s most senior civil servant.The International Development Committee later investigated the claims and found them largely false, but asserted that ASI, one of DFID’s largest for-profit contractors, “acted improperly.” ref Young's salary would be well into seven figures, given that in one year alone he paid himself a dividend of £800,000. It was a brazen attempt to ensure the company’s 36 lucrative contracts – worth £329m – were not cut. Dec.2016: Tried to deceive MPs and protect their lucrative business by faking glowing testimonials about their work overseas.The Foreign & Commonwealth Office suspended the program while it conducted an investigation. Dec.2017: A BBC Panorama investigation claimed an ASI run scheme to support a civilian police force in Syria had put cash into the hands of jihadists.
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Feb.2018: The DfID invited ASI to resume bidding on contracts, after it had "voluntarily" stepped back from bidding, and underwent a reform of its governance structure and codes of conduct.ToDo : Adam Smith Institute § International Work, Water privatization in Dar es Salaam § Donor support and conditionality, History, People, News Fat Cats ref Translated, that means its mission is to bring the benefits of neoliberalism to developing countries. AR-2017, p2 Works with govts, civil society and the private sector to "implement effective public policy and build strong institutions in countries at all stages of development". Its practices specialise in govt reform and economic growth. ĪSI is a commercial enterprise which describes itself as a "strategic development company" which "works to grow economies, make govts more efficient, and strengthen security". Nevertheless, it was made clear by Baroness Amos in a House of Lords debate that it is " the consultancy arm of the ". ASI describes itself as non-partisan and “a wholly different, separate and independent” organisation from the Adam Smith Institute from which it originated.