Saturday, September 19, 2020

FEATURED

Grenke threatens legal action against short seller over alleged fraud, money laundering

German financial services provider Grenke said Thursday that it’s considering taking legal action against a short seller that published a damning report on the firm. Fraser Perring of...

Three Croatian MPs stripped of immunity to allow investigation into alleged corruption

The Croatian parliament stripped three MPs of immunity from prosecution on Friday, approving the initiation of criminal proceedings, deprivation of liberty and pre-trial detention...

Military contractor fined $38m in bribery, fraud case

A federal judge fined a Randolph Air Force Base government contractor on Wednesday millions in a bribery and fraud scheme that spanned more than...

Two construction execs charged with bribery involving San Francisco public works director Mohammed Nuru

Two construction executives are facing federal bribery charges for allegedly giving former Public Works Director Mohammed Nuru a $40,000 tractor in exchange for his...

Baltimore businessman gets 18 months in prison for bribing Maryland delegate Cheryl Glenn

A Baltimore businessman and CEO was sentenced Thursday to 18 months in federal prison for paying about $40,000 in cash bribes to now-imprisoned state...

Swedbank faces investigation over suspected market abuse

Swedbank AB, one of Sweden’s biggest banks, is being investigated by the local watchdog for suspected market abuse tied to its broader money laundering...

Deloitte fined £15m for “serious failures” in the audit of firm involved in £7 billion fraud case

Deloitte - One of the UK's "big four" accountancy firms has been fined a record £15m for its audit of the software company Autonomy...

Ukraine’s prosecutor general blocks bribery charges against lawmaker from president Zelensky’s party

The National Anti-Corruption Bureau of Ukraine (NABU) on Sept. 15 said it had drafted bribery charges against Oleksandr Yurchenko, a lawmaker from President Volodymyr...

Dutch prosecutors probes firm linked to husband of Angolan billionaire Isabel dos Santos

Dutch prosecutors have begun a criminal investigation into how a company owned by Sindika Dokolo, the husband of billionaire Angolan businesswoman Isabel dos Santos,...

AFRICA

Dutch prosecutors probes firm linked to husband of Angolan billionaire Isabel dos Santos

Dutch prosecutors have begun a criminal investigation into how a company owned by Sindika Dokolo, the husband of billionaire Angolan businesswoman Isabel dos Santos,...

US sanctions Gambia’s former first lady Zineb Jammeh

Zineb Jammeh, the wife of Gambia’s former president, Yahya Jammeh, has been hit with U.S. sanctions for her role in the economic plunder of...

Kenya: Garissa county governor Ali Korane arrested over corruption charges

Garissa Governor Ali Korane and four county government officials have spent police custody and are expected to be arraigned in court for graft charges. Korane...

Zimbabwe anti-graft commissioner suspended over corruption allegations

A member of the Zimbabwe Anti-Corruption Commission (ZACC), Frank Muchengwa, has been suspended for misconduct pending a tribunal that will look into what have...

Nigeria police probes GTBank, Managing Director over $667,000 fraudulent transactions

Guaranty Trust Bank Plc (GTBank) and its managing director, Mr. Segun Agbaje, are being investigated by the Police Special Fraud Unit (PSFU), over alleged $667,000 fraudulent...

WORLD

Panama governor Erick Martelo arrested for trafficking 79 drug parcels

Police in Panama says they have detained two Panamanian nationals who were travelling in a car carrying 79 packets of illegal drugs. Local media have...

Former Shaanxi vice governor gets 13 years in prison for bribery

Chen Guoqiang, former vice governor of northwest China's Shaanxi Province, was on Tuesday sentenced by a local court in north China's Tianjin Municipality to...

Australia’s Austrac fines State Street bank $1.24 million over anti-money laundering breaches

The Australian arm of a global bank is the latest financial institution to be fined for breaching anti-money laundering laws. The US-based State Street bank...

Pakistani court issues non-bailable arrest warrant for former PM Nawaz Sharif

A top court in Pakistan on Tuesday issued an arrest warrant for the country’s ailing former Prime Minister Nawaz Sharif after he failed to...

Kenya: Garissa county governor Ali Korane arrested over corruption charges

Garissa Governor Ali Korane and four county government officials have spent police custody and are expected to be arraigned in court for graft charges. Korane...

EUROPE

Grenke threatens legal action against short seller over alleged fraud, money laundering

German financial services provider Grenke said Thursday that it’s considering taking legal action against a short seller that published a damning report on the firm. Fraser Perring of...

Three Croatian MPs stripped of immunity to allow investigation into alleged corruption

The Croatian parliament stripped three MPs of immunity from prosecution on Friday, approving the initiation of criminal proceedings, deprivation of liberty and pre-trial detention...

Swedbank faces investigation over suspected market abuse

Swedbank AB, one of Sweden’s biggest banks, is being investigated by the local watchdog for suspected market abuse tied to its broader money laundering...

Deloitte fined £15m for “serious failures” in the audit of firm involved in £7 billion fraud case

Deloitte - One of the UK's "big four" accountancy firms has been fined a record £15m for its audit of the software company Autonomy...

Ukraine’s prosecutor general blocks bribery charges against lawmaker from president Zelensky’s party

The National Anti-Corruption Bureau of Ukraine (NABU) on Sept. 15 said it had drafted bribery charges against Oleksandr Yurchenko, a lawmaker from President Volodymyr...

THIS WEEK

Panama governor Erick Martelo arrested for trafficking 79 drug parcels

Police in Panama says they have detained two Panamanian nationals who were travelling in a car carrying 79 packets of illegal drugs. Local media have...

Two construction execs charged with bribery involving San Francisco public works director Mohammed Nuru

Two construction executives are facing federal bribery charges for allegedly giving former Public Works Director Mohammed Nuru a $40,000 tractor in exchange for his...

Three Croatian MPs stripped of immunity to allow investigation into alleged corruption

The Croatian parliament stripped three MPs of immunity from prosecution on Friday, approving the initiation of criminal proceedings, deprivation of liberty and pre-trial detention...

Similarities and Differences between US FCPA and UK Bribery Act

While more governments around the world are enacting new legislation to combat corruption, two laws still stand above the rest in familiarity and scope:...

Kenya: Garissa county governor Ali Korane arrested over corruption charges

Garissa Governor Ali Korane and four county government officials have spent police custody and are expected to be arraigned in court for graft charges. Korane...

U.S

Military contractor fined $38m in bribery, fraud case

A federal judge fined a Randolph Air Force Base government contractor on Wednesday millions in a bribery and fraud scheme that spanned more than...

Two construction execs charged with bribery involving San Francisco public works director Mohammed Nuru

Two construction executives are facing federal bribery charges for allegedly giving former Public Works Director Mohammed Nuru a $40,000 tractor in exchange for his...

Baltimore businessman gets 18 months in prison for bribing Maryland delegate Cheryl Glenn

A Baltimore businessman and CEO was sentenced Thursday to 18 months in federal prison for paying about $40,000 in cash bribes to now-imprisoned state...

Ex-Paraguayan congresswoman, husband pleads guilty in money laundering case in U.S

A former member of Paraguay’s Congress and her husband have pleaded guilty to conspiracy to commit money laundering, U.S. authorities announced. Cynthia Elizabeth Tarragó Diaz,...

US seeks to recover $300 million assets traced to UK in 1MDB scandal

The Department of Justice in the United States said on Wednesday that it was seeking to recover an additional $300m in assets it says...

MUST READ

Similarities and Differences between US FCPA and UK Bribery Act

While more governments around the world are enacting new legislation to combat corruption, two laws still stand above the rest in familiarity and scope:...

Explainer: How Nigerian Instagram celebrity Hushpuppi laundered U.S. unemployment benefits

Fresh evidence from the Federal Bureau of Investigations (FBI) has revealed how Ramon Abbas, popularly called Hushpuppi, a Nigerian Instagram sensation, was involved in...

Deloitte fined £15m for “serious failures” in the audit of firm involved in £7 billion fraud case

Deloitte - One of the UK's "big four" accountancy firms has been fined a record £15m for its audit of the software company Autonomy...

Ukraine’s prosecutor general blocks bribery charges against lawmaker from president Zelensky’s party

The National Anti-Corruption Bureau of Ukraine (NABU) on Sept. 15 said it had drafted bribery charges against Oleksandr Yurchenko, a lawmaker from President Volodymyr...

Former world athletics chief Lamine Diack jailed for corruption

Lamine Diack, once one of the most powerful people in athletics, was convicted in France on Wednesday of running a clique that covered up...

MONEY LAUNDERING

Australia’s Austrac fines State Street bank $1.24 million over anti-money laundering breaches

The Australian arm of a global bank is the latest financial institution to be fined for breaching anti-money laundering laws. The US-based State Street bank...

Dutch prosecutors probes firm linked to husband of Angolan billionaire Isabel dos Santos

Dutch prosecutors have begun a criminal investigation into how a company owned by Sindika Dokolo, the husband of billionaire Angolan businesswoman Isabel dos Santos,...

Switzerland agrees to return laundered Uzbekistan’s funds

Switzerland said Friday it has agreed in principle with Uzbekistan on the terms under which money seized as part of a money-laundering investigation against...

US seeks to recover $300 million assets traced to UK in 1MDB scandal

The Department of Justice in the United States said on Wednesday that it was seeking to recover an additional $300m in assets it says...

BRIBERY & CORRUPTION

Ukraine’s prosecutor general blocks bribery charges against lawmaker from president Zelensky’s party

The National Anti-Corruption Bureau of Ukraine (NABU) on Sept. 15 said it had drafted bribery charges against Oleksandr Yurchenko, a lawmaker from President Volodymyr...

Patient recruiters admits to bribing drug addicts to attend Rehab clinic for referral fees

Two out-of-state men admitted paying “recruiters” to bribe drug addicts in New Jersey to go to rehab centers that they got business from --...

Three Croatian MPs stripped of immunity to allow investigation into alleged corruption

The Croatian parliament stripped three MPs of immunity from prosecution on Friday, approving the initiation of criminal proceedings, deprivation of liberty and pre-trial detention...

Baltimore businessman gets 18 months in prison for bribing Maryland delegate Cheryl Glenn

A Baltimore businessman and CEO was sentenced Thursday to 18 months in federal prison for paying about $40,000 in cash bribes to now-imprisoned state...

FRAUD

Former Indivior CEO pleads guilty in U.S. opioid marketing probe

Shaun Thaxter, the former chief executive of drugmaker Indivior Plc (INDV.L), pleaded guilty on June 30, to a criminal charge arising out of a...

PNB Fraud Case: Luxury assets of diamond merchant Nirav Modi to be auctioned on Feb 27, Mar 3 and 4

PNB case: Luxury cars and collectibles, expensive watches and an art collection are part of the items owned by Nirav Modi that will be...

Explainer: Why former ICICI Bank CEO’s husband was arrested

The Enforcement Directorate (ED) on Monday arrested businessman Deepak Kochhar, husband of former ICICI Bank CEO Chanda Kochhar, for alleged money laundering in a...

Former Baltimore Delegate Cheryl Glenn charged with wire fraud, bribery

Veteran Maryland lawmaker Cheryl Glenn has been charged with bribery and wire fraud, the U.S. attorney’s office in Maryland announced Monday. She is accused of...
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