Featured Bribery & Corruption

Deloitte to Pay Malaysia $80 Million in 1MDB-Related Settlement

Deloitte PLT agreed to a 324-million ringgit ($80 million) settlement with the Malaysian government to resolve all claims related to the firm’s audit of 1MDB and its former unit SRC International between 2011-2014. The payout is the largest 1MDB-related settlement by an audit firm in Southeast Asia, the Finance… Read More

Cyprus to lift veil of secrecy with register of company owners

Cyprus plans to launch a register in coming months identifying the owners of thousands of companies on the island, lifting a veil of secrecy on opaque and complex corporate structures that campaigners say can help criminals seeking to hide their loot. Details of thousands of companies domiciled on the island,… Read More

Malaysia police investigating spouse of ex-central bank boss over 1MDB funds

Malaysian police said on Wednesday it was investigating the husband of the country’s former central bank head for allegedly receiving funds linked to 1MDB, a state fund at the centre of a massive corruption scandal. Malaysian and U.S authorities have said around $4.5 billion was stolen from 1Malaysia Development Berhad… Read More
4th March 2021
The legitimacy of Libya’s new interim prime minister, Abdul Hamid Dbeibah, has been thrown into doubt by a UN inquiry finding that he allegedly gained power after his supporters offered bribes as high as $200,000 to attract votes. His supporters allegedly offered the money in a hotel in Tunis where… Read More
3rd March 2021
Using forged bank statements, fake companies and by bribing bank workers, a woman conspired with a man to cheat three banks into disbursing S$1.77 million in loans. Tan You Jia, 50, was given four-and-a-half years’ jail on Wednesday (Mar 3), after pleading guilty to six charges of bribery and cheating… Read More
3rd March 2021
The Montenegrin government on Monday dismissed senior police officer Zoran Lazovic after the ruling coalition lobbied for him to step down because of his alleged ties to organised crime groups, which he has denied. The Interior Ministry also axed six other police directors’ assistants. One of the blocs in the… Read More
3rd March 2021
AP — A Paris court found French former President Nicolas Sarkozy guilty of corruption and influence peddling on Monday and sentenced him to a year in prison. He can ask to serve that time at home and also plans to appeal. The 66-year-old, who was president… Read More
3rd March 2021
A money laundering trail totaling hundreds of millions of dollars that stretched from Latin America to South Florida has ended with corruption charges against a former Ecuadorian official and an investment manager once based in Miami. John Luzuriaga Aguinaga, 52, was arrested Monday on charges of accepting about $1.4 million… Read More
3rd March 2021
A Romanian court sentenced a former government minister as well as the daughter of former president Traian Basescu to jail on Tuesday for money laundering and instigating others to take bribes in a 2009 presidential campaign financing case. The court in Bucharest gave Ioana Basescu, a public notary, a five-year… Read More
2nd March 2021
Too few Swiss companies are made to answer for corruption or money laundering offences, exposing gaps in current legislation, says the Swiss chapter of campaigning NGO Transparency International. The law was changed in Switzerland in 2003 to make firms criminally liable if they fail to take reasonable steps to prevent… Read More
2nd March 2021
By Aisha Kehoe Down, CENOZO, Gaston Sawadogo, and Tom Stocks, OCCRP, 26 February 2021 OCCRP – Stashed inside pickup trucks and guarded by armed militias and jihadists, every year billions of illicit cigarettes wind their way through the lawless deserts of northern Mali bound for the… Read More
2nd March 2021
Former International Monetary Fund chief Rodrigo Rato, found guilty of embezzlement in 2018, is close to standing trial again in Spain after a court charged him with corruption, money laundering and tax dodging, a court document said on Monday. As part of a probe into his personal wealth, the court… Read More
1st March 2021
Malaysian banking group AMMB Holdings Berhad (AmBank) said on Friday it will pay the government 2.83 billion ringgit ($699 million) to settle claims linked to a massive financial scandal at state fund 1MDB, a hefty payment that is expected to have a material impact on the group’s earnings. AmBank Group… Read More