Monday, May 17, 2021

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Eleven face charges in marijuana-linked money laundering scheme

Federal prosecutors say a group of people worked together to launder more than $2 million in drug money from shipping a ton of marijuana from California to warehouses in Lake and Cuyahoga counties. Those charged include: Aaron Eisenberg, 39, of...

Nigeria: Ex-governor Tinubu accused of laundering of N100 billion through his firm

Alpha Beta, a consultancy owned by Bola Tinubu, former Governor of Lagos State and National leader of the All Progressives Congress (APC), is at the centre of a N100billion fraud, tax evasion and money laundering petition written by Mr....

Danske Bank Estonia handled $150 billion of suspicious transactions

Shares in Danske Bank came under fresh pressure on Friday after the Wall Street Journal reported that an investigation into a money-laundering scandal at its Estonian branch between 2007 and 2015 involved $150 billion worth of transactions. Danske Bank has...

Nigeria: Akwa Ibom government rejects allegations of marine fraud

Akwa Ibom State government has described as untrue and unfounded report by Managing Director, Rock Marine Services Limited, Mr. Essien Elijah, that officials of the state government obtained N184,235,450.89 under false pretence of concessioning the marine terminal at Oron. In...

Contractor pleads guilty to Detroit airport kickback scheme

A contractor has pleaded guilty to paying more than $5 million to a Detroit-area airport official who submitted inflated bills and got a share of the spoils. Prosecutors say William Pritula’s company was hired for road repair and water line...

China defends Pakistan’s progress on anti-money laundering fight

China on Friday said that Pakistan must not be vilified and pressured on the front of terror, after a global watchdog put the country on "grey list" of countries that finance terrorism. China calls Pakistan its "best friend" and resolutely...

Vijay Mallya accused India govt of non-corporation in fraud case

The fugitive liquor baron Vijay Mallya today hit out at the government and its investigative agencies for making him the 'poster boy' of bank defaults. In a detailed five-page letter, the beleaguered tycoon claimed that despite making two public offers...

Former Indian footballer Bhowmick jailed for bribery

The special CBI court here on Monday sentenced former Indian footballer and East Bengal football club's Technical Director Subhash Bhowmick to three years imprisonment after convicting him in a 2005 bribery case. The court also slapped a fine of Rs...

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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...