Tuesday, December 1, 2020

Europe

Swiss authorities probe oil-services firm SBM offshore over bribery allegations

Oil-services firm SBM Offshore NV is facing an investigation by the Swiss government into bribery allegations that the company said it has already paid hundreds of millions of dollars to resolve in three other countries. Amsterdam-based SBM Offshore said Monday...

Swiss court grant Vatican investigators access to bank documentation linked to London real estate financial scandal

Vatican investigators have been granted full access to Swiss banking documentation related to long-time Vatican investment manager Enrico Crasso. The newly announced decision by a Swiss federal court is the latest development in the ongoing financial scandal surrounding the...

Deutsche Bank accounting chief probed over Wirecard Audit

Deutsche Bank AG’s top accounting executive, Andreas Loetscher, is being investigated over his role as the auditor of Wirecard AG while he was with his former firm, Ernst & Young, two people familiar with the matter said. Germany’s accounting regulator,...

Swiss court orders Societe Generale to return $150m of Allen Stanford Ponzi cash

Societe Generale SA was reprimanded by a Swiss court and ordered to give up $150 million deposited by convicted fraudster Allen Stanford that it had fought for nearly a decade to keep. The court ruled that Societe Generale failed to...

Former World soccer chiefs Sepp Blatter, Michel Platini faces fraud charge in FIFA corruption case

Sepp Blatter and Michel Platini are facing a more serious charge of fraud after Swiss federal prosecutors intensified a five-year investigation into the pair’s past dealings at FIFA this week. The open criminal proceedings had been focused on suspected mismanagement...

Malta advisory firm Credence linked to multiple tax avoidance probes fined for money laundering breaches

Corporate services provider Credence, which featured in an extensive European Investigation Collaborations exposé on tax avoidance in Malta, has been fined €261,000 by the Financial Investigation Analysis Unit for breaches of various money laundering obligations. Credence Corporate Advisory Services is...

UK watchdog fines FX broker TFS-ICAP for reporting fake trades to customers

Britain’s financial regulator on Monday fined currency options broker TFS-ICAP 3.44 million pounds ($4.6 million) for routinely reporting fake trades to customers for over seven years. The Financial Conduct Authority (FCA) said that between 2008 and 2015, brokers at the...

Former Bucharest district mayor Tudorache indicted for corruption

Former Bucharest District 1 mayor Dan Tudorache, an influential member of the Social Democratic Party (PSD), was indicted by prosecutors of the National Anti-corruption Directorate (DNA) for complicity to influence peddling and money laundering. The court set a EUR 1 million...

Former French President Nicolas Sarkozy stands trial for corruption

Former French President Nicolas Sarkozy went on trial on charges of corruption and influence-peddling in a phone-tapping scandal, a first for the 65-year-old politician who has faced several other judicial investigations since leaving office in 2012. Sarkozy is being accused...

Swiss prosecutors to drop money-laundering probe linked to Sergei Magnitsky case

Swiss federal prosecutors are set to drop a nine-year investigation into a graft scandal linked to the 2009 death of Russian lawyer Sergei Magnitsky in a Moscow jail and unblock most of the related money frozen in Swiss bank...

Latest News

Pennsylvania attorney gets 6 years in prison for role in $2.7m Ponzi scheme

An Allentown, Pennsylvania, attorney was sentenced today to 78 months in prison followed by three years of supervised release for his role in a...

Swiss authorities probe oil-services firm SBM offshore over bribery allegations

Oil-services firm SBM Offshore NV is facing an investigation by the Swiss government into bribery allegations that the company said it has already paid...

PR firm MWW sues marketing guru in $10m fraud case

An alleged Ponzi-scheming public relations exec apparently ensnared actors Megan Fox and Mindy Kaling in his web of deceit, claims a Manhattan firm which...

San Francisco Public Utilities Commission General Manager Harlan Kelly charged with fraud

Harlan Kelly Jr., the General Manager of the San Francisco Public Utilities Commission (SF PUC), is facing federal fraud charges following a reported raid...

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