Friday, October 23, 2020

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Mexico’s ex-army chief arrested in US on charges of drug trafficking, money laundering

Former Mexican Defense Secretary Gen. Salvador Cienfuegos, who led the country’s armed forces for six years under then-President Enrique Peña Nieto, has been arrested on drug trafficking and money laundering charges at Los Angeles International Airport, U.S. and Mexican...

Texas billionaire Robert Brockman charged in $2 billion tax evasion case

Robert Brockman, the Houston billionaire and CEO of a software company, has been charged with taking $2 billion through a scheme to evade taxes, hide assets, and launder money, in what federal prosecutors say is the biggest case of...

Swiss authorities return $37m seized from executives of South American soccer confederation in corruption probe

Swiss authorities said Wednesday they are returning about $37 million in seized funds to South American soccer confederation CONMEBOL. The money is linked to a Swiss corruption investigation into CONMEBOL’S former president Nicolás Leoz of Paraguay and former secretary-general Eduardo...

Liberian President seeks US help over death of auditors linked to £100m corruption scandal

The suspicious deaths of four finance officials in Liberia have raised fears of a murder plot linked to corruption scandals that include the disappearance of £100 million in new banknotes. President Weah has appealed for help from the US over...

German prosecutors fine Deutsche Bank $15.9m, drops money laundering probe

German prosecutors said on Tuesday they were dropping a money-laundering investigation against managers at Deutsche Bank DBKGn.DE, over its relations with Danske Bank's DANSKE.CO Estonian subsidiary, citing a lack of evidence. The economic crimes unit at the Frankfurt Prosecutor’s Office also fined Deutsche...

Cyprus ends citizenship for investment scheme following undercover investigations

Cyprus has announced the suspension of a “golden passport” scheme to sell citizenship to wealthy investors following a sting by investigative journalists. Al Jazeera’s investigative unit filmed high-ranking Cypriot politicians, including the parliamentary speaker Demetris Syllouris, promising to support the sale...

Wine distributor jailed for using ‘Shark Tank’ product to defraud investors

A former wine and liquor distributor was sentenced to 24 months in prison on Friday for using the show "Shark Tank" as part of a scheme to defraud investors, according to federal prosecutors with the Eastern District of New...

Romanian police detain former head of anti-money laundering agency over fraud allegations

Romanian police said they had detained the former head of the government’s anti-money laundering agency late on Saturday pending a criminal investigation for fraud, accusing him of forging his high school graduation certificate. The police said they had detained Baranga...

Nigeria’s Attorney General Malami accused of conspiracy in money laundering case against ex-First bank director

More insights into the real reason the Economic and Financial Crimes Commission dropped a case of money laundering against a former Executive Director of First Bank Plc, Dauda Lawal, has unfolded. Lawal, who was being tried by the anti-graft agency for allegedly...

Former Unaoil country manager gets three years in prison over Iraq bribery plot

A British former executive at Monaco-based oil and gas consultancy Unaoil has been sentenced to three years and four months in jail for bribing Iraqi public officials to clinch $1.7bn worth of oil projects in post-occupation Iraq. Iraqi-born Basil al-Jarah, Unaoil’s former...

Latest News

Judge opposed dismissal of bribery charge against former Portage mayor Synder

A judge denied Thursday two motions to dismiss a soliciting bribes charge former Portage Mayor James Snyder will be retried on, according to court...

Bribery trial of former San Angelo police chief Tim Vasquez delayed until 2021

The trial of former San Angelo police chief Tim Vasquez will not happen until 2021, according to court documents. The trial, originally set for...

Texas AG Ken Paxton fires second whistleblower who accused him of bribery

A second whistleblower has been fired from the Texas attorney general’s office after reporting his boss, Texas Attorney General Ken Paxton, to law enforcement for...

Goldman Sachs executives to cover part payments of $3 billion fines in 1MDB scandal

Nine current or former Goldman Sachs executives, including CEO David Solomon, will have to pay back hundreds of millions of dollars in compensation over...

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