Friday, September 17, 2021

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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...

Reserve Bank of New Zealand fines TSB $3.85m for money-laundering failures

TSB has agreed to pay $3.85 million in penalties after acknowledging it failed to comply with rules designed to prevent the bank being used for money-laundering. TSB and the Reserve Bank, which polices anti-money laundering (AML) rules, presented the settlement...

Westpac accuses Forum and Papas of stealing $340 million through fraudulent transactions

Westpac alleges colourful soccer identity Bill Papas and his company Forum Finance orchestrated more than 100 allegedly fraudulent transactions that siphoned off over $340 million from the bank during a near three-year period. The details of the extent of Mr...

Indonesia ex-fisheries minister sentenced to 5 years for accepting bribes

Former maritime affairs and fisheries minister Edhy Prabowo was sentenced by a court on Thursday (July 15) to five years in prison for accepting bribes in a corruption scandal involving the export of lobster larvae. Edhy, who is a politician...

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...

Brazil’s federal police investigate President Bolsonaro over corrupt vaccine deal

At the request of the Supreme Court, Brazil's federal police has formally opened a probe into President Jair Bolsonaro related to alleged irregularities in the purchase of an Indian vaccine and could now question him, a source with knowledge...

Malaysia’s government, 1MDB seeks $5.6 bln from KPMG for role in corruption scandal

Malaysia's government and state fund 1Malaysia Development Berhad (1MDB) are seeking over $5.6 billion in damages from KPMG PLT for alleged breaches and negligence linked to a corruption scandal at the fund, court documents seen by Reuters showed. Audit firm...

Brazil’s Bitcoin Banco Group president arrested for embezzling $300m crypto funds

Claudio Oliveira, former head of Brazil-based crypto brokerage firm Bitcoin Banco Group, was arrested on Monday for embezzling $300 million worth of investors’ funds. What Happened: According to a press release from Brazil’s federal police, authorities issued arrest warrants for Oliveira and several...

Israel’s former PM Netanyahu corruption trial delayed again

The Jerusalem District Court on Monday ordered an additional week delay in the public corruption trial of former prime minister Benjamin Netanyahu following two prior postponements.   The trial has been frozen since June 16 and will now reconvene on July...

Brazil’s President Bolsonaro allegedly involved in corruption scheme

Brazilian President Jair Bolsonaro was involved in a scheme to skim salaries of his aides while a federal deputy, website UOL reported on Monday, citing what it said were audios of his former sister-in-law explaining his role in the...

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