Saturday, June 19, 2021

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Former BP oil executive gets 54 months prison in Singapore bribery scheme

A former director of BP Singapore was jailed for 54 months and ordered to pay a penalty of about S$6.22 million on Tuesday (May 11) for taking bribes. Clarence Chang Peng Hong had suggested that Koh Seng Lee set up...

Malaysia’s 1MDB sues Deutsche Bank, JP Morgan, Coutts to recover $23 billion lost in corruption scandal

Malaysia's now-defunct 1MDB state fund is suing units of Deutsche Bank (DBKGn.DE), J.P. Morgan (JPM.N) and Coutts & Co to recover billions in alleged losses from a corruption scandal at the fund, court documents seen by Reuters showed. 1MDB is claiming $1.11 billion...

South Korea’s ex-prosecutor jailed for taking bribes linked to Lime Asset Management fraud scandal

A former senior prosecutor was sentenced to three years in prison Friday for taking bribes in connection with a financial fraud scandal involving Lime Asset Management. The Seoul Southern District Court convicted Yun Gap-geun, former chief of the Daegu High...

Qatar arrests finance minister over corruption allegations

Qatar’s finance minister was being questioned over alleged abuse of power and misuse of public funds in the energy-rich state after the attorney general ordered him arrested, state-run media reported Thursday. The detention of Ali Sharif al-Emadi is a rare...

Australia’s securities regulator probes Westpac on allegations of insider trading

Australia’s securities regulator is probing Westpac Banking Corp. on allegations of insider trading, just months after the country’s second-biggest lender paid a record fine to settle breaches of anti-money laundering laws. The allegations relate to Westpac’s role in executing a A$12 billion...

Venezuelan government releases American oil executives to house arrest

The Venezuelan government released a group of American refinery executives from prison to house arrest in Caracas on Friday, in a possible sign that President Nicolás Maduro would like to improve relations with the Biden administration. The six executives of...

U.S., UK imposed sanctions on Guatemala’s congress member in corruption crackdown

The United States and United Kingdom on Monday both imposed sanctions on a member of Guatemala's Congress over alleged corruption, as Washington presses a number of Central American governments to crack down on graft. The U.S. sanctions were announced hours...

Kuwait arrests eight judges on suspicion of bribery

A total of eight judges, three lawyers and six administrators in the Kuwait Appellate courts have been referred by the Public Prosecution to the Criminal Court, local media reported. The move sets a precedent in the history of the judiciary...

Lebanese prosecutor opens probe into central bank governor over $300m embezzlement allegation

Lebanon’s public prosecutor has launched an investigation into central bank governor Riad Salameh, a judicial source said, after a Swiss legal request alleged that more than $300 million had been embezzled from the bank through a company owned by...

Former Barbados minister sentenced to two years for laundering bribes

A former minister in the government of Barbados was sentenced on Tuesday to two years in prison for laundering bribes he received from a Barbadian insurance company through a U.S. bank, the U.S. Justice Department said. Donville Inniss, 55, who...

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