Monday, May 17, 2021

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Armenia: Ex-president Serzh Sarkisian’s son-in-law indicted on corruption charges

Armenian tax authorities have brought corruption charges against Mikael Minasyan, former President Serzh Sarkisian’s son-in-law and reputed confidant for illegal enrichment, false asset disclosure and money laundering which were leveled against him one month ago. Minasyan’s lawyers rejected them...

New York charges opioid firm Mallinckrodt with insurance fraud

New York state charged Mallinckrodt Plc on Tuesday with insurance fraud for misrepresenting the safety and efficacy of its opioid drugs, leading to medically unnecessary prescriptions. Governor Andrew Cuomo said the charges brought by the state’s Department of Financial Services...

Dubai regulator fines asset management firm La Tresorerie for serious breaches

The Dubai Financial Services Authority (DFSA) has issued a penalty against La Tresorerie over it regulatory filings.  The firm, which is regulated by the DFSA, provides advisory, discretionary, execution-only and custodian services for high net worth individuals, family offices and independent asset managers.   The current...

Baidu accuses former VP Wei Fang of corruption

Baidu, China’s leading online search group, has reported a former executive to the police. It accuses him of corruption. Wei Fang, a former VP at the company, was investigated by Baidu’s professional ethics committee. The company did not disclose the nature...

Tunisian lawmaker faces corruption probe in medical masks scandal

Tunisia’s public prosecution revealed that it has opened investigations into corruption suspicions related to a medical masks deal obtained by a businessman, who is a deputy in the Tunisian parliament and a member of the parliamentary industry committee. Charges, confirmed...

Madoff Ponzi scheme victims to get another $378.5 million payout

Victims of Bernard Madoff will receive an additional $378.5 million in funds forfeited to the government in connection with his decades-long Ponzi scheme, the Justice Department said. This distribution is the fifth in a series of payouts that will eventually...

Russian ex-governor Khoroshavin to stand trial on bribery charges

The Yuzhno-Sakhalinsk City Court will consider a new bribery case against ex-governor of the Sakhalin Region Alexander Khoroshavin, who had been earlier convicted of corruption, according to the website of the Prosecutor General’s Office. He stands charged with receiving bribes...

Former UCLA soccer coach Jorge Salcedo agrees to plea deal in admissions scam

Jorge Salcedo, the former head coach of the UCLA men's soccer team, has agreed to plead guilty to accepting hundreds of thousands of dollars in bribes in connection to a nationwide college admissions scandal, prosecutors said. The U.S. Attorney's Office...

U.S. orders Chevron to stop producing oil in Venezuela

The Trump administration on Tuesday gave Chevron Corp (CVX.N), the last major U.S. oil company still operating in Venezuela, until Dec. 1 to “wind down” its business in the OPEC member-nation and will allow it to conduct only severely...

European Investment Bank accused of ignoring anti-money laundering rules

Whistleblowing complaints at the European Investment Bank have revealed a disregard for anti-money laundering rules when providing billions of euros to projects around the world, according to a trove of internal documents and emails seen by the Luxembourg Times. The EU...

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Former Rockbridge County jail superintendent gets 51 months in prison for corruption

The former superintendent of the Rockbridge County Regional Jail has been sentenced to 51 months in federal prison for...