4th September 2020
The stepson of Malaysia’s former prime minister will forfeit assets worth more than $60 million that he purchased using funds embezzled during the multibillion-dollar looting of a Malaysian state investment fund, the Justice Department announced Wednesday. The 1Malaysia Development Berhad fund, or 1MDB, was established in 2009 by then-Prime Minister… Read More
4th September 2020
Federal police have seized properties and cash worth $1.6 million over an alleged scheme to use the Melbourne property market to funnel millions of dollars of funds from a Malaysian government entity to corrupt officials. The seized properties and funds in bank accounts were owned by Australian property developer Dennis… Read More
4th September 2020
By Zachary Goodwin, InSight Crime, 2 September 2020 InSight Crime – Raids across Costa Rica have exposed a web of front companies filtering illegally mined gold to the United States, in the kind of multimillion-dollar laundering scheme not typically associated with the Central American country. In late August, Costa… Read More
3rd September 2020
Canada, the United States, the European Union and Britain are discussing possible sanctions against Belarus over its crackdown against protests following a disputed election, a Canadian source directly familiar with the matter said on Wednesday. If sanctions were imposed, they would come “in the not too distant future”, said the… Read More
3rd September 2020
More than $1 billion in federal coronavirus relief went to U.S. small businesses that received multiple loans, although that wasn’t allowed by the stimulus program, according to an analysis by congressional subcommittee Democratic staff, which also raised red flags for potential fraud with thousands of other companies. The oversight panel… Read More
3rd September 2020
Crown Resorts staff compromised the casino’s anti-money laundering program by recording multiple large cash deposits from patrons as a single transaction, which obscured potential criminal activity, a public inquiry has heard. Crown’s chief legal officer Joshua Preston told the NSW Independent Liquor and Gaming Authority’s probity inquiry on Tuesday that… Read More
3rd September 2020
The Enforcement Directorate (ED) has arrested notorious “hawala” operator Naresh Jain, who along his accomplices is alleged to have facilitated illegal transactions involving more than ₹95,000 crore in India using over 600 bank accounts. The accused also got transferred about ₹11,500 crore overseas on various pretexts. It is alleged that… Read More
3rd September 2020
The Attorney General’s Office (AGO) has named prosecutor Pinangki Sirna Malasari a suspect of money laundering and bribery after she allegedly received money from graft convict Djoko Soegiarto Tjandra to help him secure a Supreme Court acquittal. Investigation director for the AGO’s junior attorney for special crimes, Febrie Adriansyah, said… Read More
2nd September 2020
The Philippines will not halt infrastructure projects involving Chinese firms blacklisted by ally the United States and will make its own decisions, not those of a foreign power, the president’s spokesman said on Tuesday. President Rodrigo Duterte will not follow Washington’s move to sanction Chinese firms involved in building and… Read More
2nd September 2020
Samsung heir Lee Jae-yong is facing fresh charges of over his role in a 2015 merger deal at the tech giant. South Korean prosecutors accused Lee, 52, of using stock and accounting fraud to try to gain control of the Samsung Group – claims Mr Lee denies. In 2017, Lee… Read More