Thursday, January 21, 2021

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Deutsche Bank agrees $100 million settlement to avoid bribery charge

Deutsche Bank AG agreed to pay $100 million to settle criminal allegations, including that it bribed foreign officials and manipulated the market for precious-metals futures through a trading tactic known as spoofing. The Frankfurt-based bank agreed to a deal in...

China Development Bank ex-chairman sentenced to life in prison for bribery

China sentenced Hu Huaibang, a former chairman of the nation’s biggest policy bank, to life imprisonment on charges of corruption, the second harsh punishment doled out this week in a sign President Xi Jinping is escalating a campaign to...

Salvador ex-President convicted for illicit enrichment, ordered to return $4.4 million

A civil court in El Salvador on Tuesday found former President Elias Antonio Saca and his wife Ana Mixco guilty of "illicit enrichment" and ordered them to return $4.4 million to state coffers, authorities said. Prosecutors had found irregularities in...

China sentences ex-chief of Huarong asset firm to death over bribery

The former head of state-owned China Huarong Asset Management Co. Ltd. was sentenced to death Tuesday for bribe taking in one of the harshest punishments for economic crimes in recent years. Lai Xiaomin, 58, was also found guilty by the...

South Korean prosecutors seek 9 years in prison for Samsung chief in bribery case

South Korean prosecutors on Wednesday requested a nine-year prison term for Samsung's de facto chief, Lee Jae-yong, during a retrial of his bribery charges. The case is a key element in an explosive 2016 scandal that triggered months of public protests and...

Israeli prosecutors release details of charges against PM Netanyahu in corruption case

Israeli prosecutors on Sunday released an amended indictment spelling out detailed charges against Prime Minister Benjamin Netanyahu in a corruption case in which he is accused of trading favors with a powerful media mogul. Netanyahu has been charged with fraud, breach of trust and accepting bribes in...

Pakistan arrests Mumbai terrorist attack mastermind Zaki ur Rehman Lakhvi on terrorism financing charge

Pakistan on Saturday arrested a man accused of being a leader of an Islamist militant group blamed by the United States and India for the 2008 Mumbai attacks, a counter-terrorism official said. The arrest is in relation to terrorism financing,...

Ticketmaster fined $10m for hacking rival ticket seller

Ticketmaster has paid a $10m (£7.3m) criminal fine for "intrusions into a competitor's computer systems", the US Department of Justice has confirmed. The DoJ said the US ticket sales and distribution company had used passwords unlawfully retained by a former employee...

Schneider Electric to pay $11m to resolve criminal and civil probes over the inflation of costs on federal projects

Schneider Electric Buildings Americas Inc. (Schneider Electric), a nationwide provider of electricity solutions for buildings and data centers with its principal place of business in Carrollton, Texas, will pay $11 million to resolve criminal and civil investigations relating to...

Ukraine’s president Zelensky suspends Constitutional Court chief Tupytsky over bribery allegations

Ukraine’s president has ordered the suspension of the country’s chief justice, escalating a power struggle between the government and the constitutional court that has threatened anti-corruption reforms and derailed multibillion-dollar financing from the IMF and western backers. The presidential decree...

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