Featured Bribery & Corruption

The Northern Irish ghost companies that mask crime worldwide

By David Leask, Peter Geoghegan and Richard Smith openDemocracy — Nikolai Sukhanov is used to flags of convenience. The flags of many nations flutter from the stern of ships on the docks and quays of Nakhodka in Russia’s far east. Owners often register their vessels thousands of miles from home, in countries… Read More

Close friend of Spain’s emeritus king transferred $39 million from “donation” to a US bank

An information exchange between a Spanish judge and a Swiss prosecutor has shed new light on an ongoing investigation into alleged financial irregularities involving emeritus king Juan Carlos I, the father of Spain’s reigning monarch Felipe VI. Spain’s High Court, the Audiencia Nacional, has been waiting for the Swiss… Read More

Former Hong Kong Exchanges and Clearing senior executive charged for accepting HK$9.15 million in bribes

The Independent Commission Against Corruption (ICAC), Hong Kong’s anti-corruption watchdog, charged a former senior executive of bourse operator Hong Kong Exchanges and Clearing on Wednesday for accepting HK$9.15 million (US$1.18 million) in bribes between 2017 and 2019. Eugene Yeoh Kim-loong, 43, the former joint-head of the initial public offering (IPO)… Read More
26th March 2020
AmBank has filed an application to strike out former prime minister Najib Razak’s lawsuit for alleged negligence in disclosing his bank account details to an unauthorised individual. The bank and its subsidiary AmIslamic Bank are seeking to annul the suit on grounds that Najib’s lawsuit discloses no reasonable cause of… Read More
26th March 2020
It happened: British Prime Minister Boris Johnson announced the strictest curbs on life in the UK during peacetime. This followed the adoption of emergency legislation which, most controversially and among others, gives law enforcement agencies the right to detain people on public health grounds and place them in isolation. Meanwhile, shops have experienced… Read More
25th March 2020
The misuse of legal structures for illicit activities has been the subject of intense global scrutiny since the release of the Panama Papers in April 2016 and the Paradise Papers in November 2017. Since then, the requirements around the identification of the UBOs (ultimate beneficial owners) of legal entities have… Read More
24th March 2020
A former health minister in the Democratic Republic of Congo was sentenced on Monday to five years in prison for embezzling more than $400,000 from the country’s Ebola response funds, a court order showed. Oly Ilunga was health minister for seven months at the height of the Ebola epidemic in… Read More
24th March 2020
Starting today, you can get a taste of the International Consortium of Investigative Journalist’s powerful research platform without having to install any software – and use it to explore a set of leaked documents. Datashare, ICIJ’s open-source document analysis tool, is now available online via a web browser, complete with… Read More
23rd March 2020
The U.S. quietly unsealed criminal cases against two former officials at Venezuela’s state oil monopoly this month as part of what American officials say is a new round of charges and sanctions against a Maduro government they accuse of systemic corruption, narcotrafficking and stealing billions of dollars in state funds. Read More
23rd March 2020
As Turkey grapples with the coronavirus pandemic, the March 17 arrest of Azeri-Turkish billionaire Mubariz Mansimov Gurbanoglu failed to draw the attention it deserves. Gurbanoglu was arrested on terrorism charges, part of what he alleges is a web of collusion between global energy giants and Turkish prosecutors. Gurbanoglu, 52, was a former ally… Read More
23rd March 2020
Like any industry, financial services anticipates disruption from the new coronavirus. Government agencies and economists expect most everything—from employment to GDP to inflation—will be affected. As organizations large and small tighten purse strings to brace for impact, how can financial services institutions ensure services are not disrupted—or, even more concerning,… Read More
23rd March 2020
At least 800 properties in Dubai appear to have ties to current and former Nigerian politicians, their family members, associates or alleged proxies, according to a new report published by the Carnegie Endowment for International Peace. The findings, which are based on an analysis of an acquired database of real… Read More
20th March 2020
European Union regulations don’t prevent countries from confiscating assets from someone charged with civil offenses or not yet convicted of a crime, the EU’s highest court ruled Thursday. The question before the five-judge panel of the European Court of Justice was whether Bulgaria was allowed to confiscate assets from Tsvetan… Read More