Saturday, June 19, 2021

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Fugitive businessman wanted in Punjab National Bank fraud case declared missing in Antigua

Fugitive diamantaire Mehul Choksi, wanted in a Rs 13,500-crore loan fraud in Punjab National Bank, has gone missing in Antigua and Barbuda where he has been staying since January 2018, his lawyer and the Royal Police Force of the Caribbean island...

Lebanon charges two judges for accepting bribes & abuse of power

State Prosecutor Judge Ghassan Oueidat has charged two judges with the crimes of accepting bribes and abuse of power. According to NNA, the judges abused their authority “to impede the application of laws and interfere with the work of other judges.” The state...

Ex-director of Malaysian Maritime Enforcement Agency charged with bribery

A former director of the Malaysian Maritime Enforcement Agency (MMEA) Tanjung Sedili maritime zone was charged at the Sessions Court here today with receiving a RM10,000 bribe last year. Mohd Zulfadli Nayan, 40, however, pleaded not guilty to the charge...

Former secretary-general of South American Football Confederation fined for laundering bribes

The office of the attorney general ordered Eduardo Deluca, a former secretary general of Conmebol, to pay a financial penalty of CHF5,000 ($5,568) and handed down a suspended fine of CHF18,000 according to the Swiss news agency, Keystone-SDA. Deluca also owes...

Nicaragua probe president Ortega’s election opponent over money laundering allegation

Nicaragua announced on Thursday a money laundering investigation against presidential hopeful Cristiana Chamorro, who seeks to challenge longtime President Daniel Ortega in the national elections in November. The Interior Ministry said in a statement that “clear evidence of money laundering...

Brazil probes president of International Volleyball Federation in fraud probe

The president of the International Volleyball Federation is being investigated in his native Brazil as part of a wider fraud probe launched on Thursday. Rio de Janeiro police and state prosecutors said in a statement that Ary Graça, who has...

Bahrain uncovers $1.3 billion linked to Iranian money laundering network

Bahrain’s attorney general said that public prosecutors had uncovered a $1.3 billion money laundering racket linked to officials at Future Bank and other Iranian institutions — including its central bank. Attorney General Ali bin Fadl Al-Buainain said the alleged offenses...

Two Taiwan banks fined for breaching anti-money laundering laws

The Financial Supervisory Commission (FSC) yesterday fined Citibank Taiwan Ltd (花旗台灣) NT$10 million (US$357,194) and DBS Bank Taiwan (星展台灣) NT$6 million for breaches of the nation’s anti-money laundering (AML) regulations. The NT$10 million fine is the highest penalty that it...

Sydney casinos move to cashless gaming operations to fight money laundering

Sydney's only two casinos will make their gaming operations cashless in a bid to stamp out money laundering. Regulators said The Star and Crown Sydney, which is yet to be opened, agreed to the unusual move on Thursday. It comes after...

India’s anti-graft agency files money laundering case against ex-home minister Anil Deshmukh

The Enforcement Directorate (ED) on Tuesday registered a case of money laundering against former Maharashtra home minister Anil Deshmukh. The case, under the Prevention of Money Laundering Act (PMLA), was registered on the basis of an FIR filed by the Central...

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