Sunday, November 29, 2020

Money Laundering

U.S indicts Venezuelan in kickback scheme linked to PDVSA

A dual Venezuelan-Italian citizen who controlled multiple companies via U.S. based bank accounts was charged in an indictment returned Tuesday for his role in laundering the proceeds of inflated contracts that were obtained by making bribe payments to officials...

Spokane health clinic owner charged with $5 million Medicaid fraud

The owner of a health clinic based in Spokane, Washington, is facing charges of theft and money laundering after investigators alleged fraudulent Medicaid billing totaling more than $5 million since 2017. The Spokesman-Review reports Paul Means, and his firm Abilia Healthcare, were...

India’s ED arrest Cox And Kings Promoter Peter Kerkar in money laundering case linked to Yes Bank

The Enforcement Directorate (ED) today arrested Cox & Kings promoter Peter Kerkar in a money laundering case linked to the alleged loan default at the Yes Bank, officials said. Peter Kerkar alias Ajay Ajit Peter was arrested in Mumbai under...

Malta advisory firm Credence linked to multiple tax avoidance probes fined for money laundering breaches

Corporate services provider Credence, which featured in an extensive European Investigation Collaborations exposé on tax avoidance in Malta, has been fined €261,000 by the Financial Investigation Analysis Unit for breaches of various money laundering obligations. Credence Corporate Advisory Services is...

Queensland’s corruption watchdog raids two law firms in money laundering case

Four people connected to two law firms raided by the state’s corruption watchdog are together facing hundreds of fraud and money laundering charges. The Crime and Corruption Commission has laid more than 300 charges following the raid on two Brisbane-based...

Swiss prosecutors to drop money-laundering probe linked to Sergei Magnitsky case

Swiss federal prosecutors are set to drop a nine-year investigation into a graft scandal linked to the 2009 death of Russian lawyer Sergei Magnitsky in a Moscow jail and unblock most of the related money frozen in Swiss bank...

Australian regulator suspends gaming licence of Crown Resorts over money laundering concerns

An Australian state gambling regulator said on Wednesday it was suspending the gaming licence of casino giant Crown Resorts Ltd, citing money laundering concerns, delaying the firm’s plan to open a $1.6 billion resort in Sydney next month. The New...

Malaysia’s ex-PM Najib Razak seeks documents from Goldman Sachs in 1MDB case

Former Malaysian Prime Minister Najib Razak asked a U.S. court on Tuesday for permission to seek documents and testimony from investment bank Goldman Sachs to help in his defense against criminal charges in Malaysia over the 1MDB financial scandal. Najib, who is on bail...

Health coach, investment firm CEO charged over $2.3m money laundering operation

A spiritual healer and a CEO from Sydney’s south are accused of working together to siphon millions in hard-earned savings from Australian investors into offshore accounts. Holistic health coach Jamie Close and CEO of an international investment firm Mark Estephan have been...

Malawi police arrest fugitive pastor wanted in South Africa for money-laundering

Malawi police arrested pastor and businessman Shepard Bushiri on Wednesday after he skipped bail in South Africa and fled to his home country, law enforcement agents said. Bushiri, who describes himself as a prophet, has a big social media following...

Latest News

Texas AG Ken Paxton accused of corruption fires another whistleblower

The Texas attorney general’s office has fired the last remaining whistleblower who alleged Ken Paxton broke the law in doing favors...

Former World soccer chiefs Sepp Blatter, Michel Platini faces fraud charge in FIFA corruption case

Sepp Blatter and Michel Platini are facing a more serious charge of fraud after Swiss federal prosecutors intensified a five-year investigation into the pair’s...

Honduran ex-president Zelaya stopped at airport with $18,000 in cash, denies ownership

Former Honduran president Manuel Zelaya said on Friday that he had been “unjustly” detained at the Central American nation’s Toncontin international airport for carrying...

Indonesian Fisheries Minister Edhy Prabowo arrested over corruption in lobster seed export case

Indonesia's Fisheries Minister Edhy Prabowo faces up to life in jail after being arrested by the country's Anti-Corruption Commission over lobster larvae export permits. The...

U.S indicts Venezuelan in kickback scheme linked to PDVSA

A dual Venezuelan-Italian citizen who controlled multiple companies via U.S. based bank accounts was charged in an indictment returned Tuesday for his role in...

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