Monday, July 26, 2021

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FirstEnergy agrees $230m settlement for role in Ohio bribery case

The energy giant at the center of a $60 million bribery scheme in Ohio admitted Thursday to new details of its role in the conspiracy as part of a deal with federal prosecutors, including how it used dark money...

El Salvador orders arrest of ex-President Sanchez Ceren in corruption probe

El Salvador has ordered the arrest of former president Salvador Sanchez Ceren and nine top officials from a past administration as part of a money laundering and corruption probe, the Attorney General's office said on Thursday. The office said Sanchez...

US bars Honduran ex-president Lobo, family over alleged corruption

The United States has blocked former Honduran President Porfirio Lobo Sosa and his immediate family from travel to the US, alleging that he accepted bribes from drug traffickers, the US State Department announced on Tuesday. “While in office, President Lobo...

US DoJ charges Tom Barrack with acting as agent of UAE

Tom Barrack, who chaired former President Donald Trump’s 2017 inaugural committee, was arrested Tuesday on charges that he unlawfully influenced the foreign policy positions of the campaign and administration to advance the interests of the United Arab Emirates, the Department...

Israel ex-deputy interior minister Faina Kirshenbaum sentenced to 10 years in bribery case

Former Yisrael Beytenu Knesset member Faina Kirshenbaum was sentenced Wednesday to 10 years in prison for her role in arranging a wide-reaching kickback scheme considered one of the largest political corruption cases in years. In handing down the sentence, which...

DR Congo prosecutors issued arrest warrant for former PM Ponyo in $140 million corruption case

Prosecutors in the Democratic Republic of Congo have issued an arrest warrant for former Prime Minister Matata Ponyo Mapon over allegations he misappropriated $140 million, two government sources told Reuters. Matata, who served as prime minister under former President Joseph...

Bank of Mozambique fines Standard Bank $4.6million for fraudulent practices

The central bank of Mozambique has fined Africa’s biggest lender, Standard Bank, $4.6 million for engaging in fraudulent activities, Bank of Mozambique said on Monday. The central bank also fined two of Standard Bank’s employees around $223,000 and $101,000 each,...

Nigeria blocks MultiChoice accounts over alleged $4.4 billion tax fraud

The Federal Inland Revenue Service (FIRS) has engaged some commercial banks as agents to freeze and recover N1.8 trillion ( $4.4 billion) from accounts of MultiChoice Nigeria Limited And MultiChoice Africa. This is contained in a statement issued by Abdullahi Ahmad,...

Robinhood crypto unit expects $10m fine from New York regulators over cyber, anti-money laundering breaches

The cryptocurrency brokerage of Robinhood Markets Inc. expects to pay New York regulators a penalty of at least $10 million for allegedly violating state rules on cybersecurity and anti-money-laundering practices, the company said in filings last week. The unit, Robinhood...

U.S. charges two former Taiwan-based JHL Biotech executives with stealing trade secrets

Two former executives of Taiwan-based JHL Biotech have been indicted on charges of orchestrating the theft of trade secrets from Genentech. The U.S. government also charged the former chief executive officer and chief operating officer of that company with wire fraud...

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