Featured Embezzlement

Brazil’s Emerald Exports – The Latest Revelations About Dario Messer

By Chris Dalby, InSight Crime, 14 April 2021 InSight Crime – Dario Messer, the notoriously prolific money launderer, was able to move millions of dollars through Brazil’s emerald mining industry, adding yet another scheme to his laundry list of illicit financial dealings. An investigation by Brazilian… Read More

Swiss money laundering probe eyes Lebanon central bank chief: report

From the British Virgin Islands to Geneva, Swiss prosecutors are tracking the suspected fund movements of Lebanon’s central bank chief Riad Salameh, a Swiss newspaper reported Tuesday. The Swiss attorney general’s office said in January it was investigating “aggravated money laundering… in connection with possible embezzlement to the detriment of”… Read More

Police seek arrest of Italian middleman in Vatican property deal

Italian magistrates have issued an arrest warrant for Gianluigi Torzi, a financial broker caught up in a scandal involving the Vatican’s purchase of a building in an upscale London area, police said on Monday. Financial police said in a statement that they were looking for Torzi and three Italian associates… Read More
12th April 2021
Gardai investigating the alleged misappropriation of funds from the charity Bothar by its former chief executive are examining claims that other people might have been involved in fraud. Bothar secured a High Court order last week freezing the assets of David Moloney, its former boss, who quit in February after… Read More
7th April 2021
Two former Societe Generale SA bankers are challenging Swiss fines issued for failing to report suspicious deposits worth more than $700 million made by a one-time ally of Russian President Vladimir Putin. The former head of SocGen’s Swiss private bank and the ex-head of compliance, who… Read More
30th March 2021
A Vatican official allegedly offered a businessman the services of a call girl as they negotiated the Holy See’s £300 million purchase of a landmark London property, according to a High Court ruling. Gianluigi Torzi claimed that Fabrizio Tirabassi, a senior lay official involved in the acquisition of an office… Read More
29th March 2021
AP — Matthias Krull pulls up his pant leg and slides a gardening shear on the ankle monitor that for two years has been a reminder of his crimes. With a court order in hand, the former Swiss banker snips the hard plastic — releasing a… Read More
29th March 2021
Tanzania’s new president, Samia Suluhu Hassan, on Sunday ordered the suspension of the head of the ports authority over corruption allegations, continuing her late predecessor’s anti-graft drive. Observers have been keen to see signs of policy direction from Hassan, who was sworn in on March 19 after John Magufuli died,… Read More
26th March 2021
Germany’s Finance Ministry gave explicit backing in 2019 to financial regulator BaFin’s controversial approach to fraud accusations at Wirecard AG, raising questions about its role in one of the biggest corporate scandals in recent history. In a March 2019 phone call, Deputy Finance Minister Joerg Kukies gave the head… Read More
25th March 2021
Slovenian authorities have reportedly filed preliminary charges against an Italian woman on suspicion of laundering funds illegally obtained from the Vatican through Slovenian-registered companies. According to Slovenian daily Večer, criminal investigators in the capital city of Ljubljana have filed the preliminary charges against Cecilia Marogna and a Slovenian citizen they think may… Read More
22nd March 2021
Saudi Arabia’s Oversight and Anti-Corruption Authority announced on Sunday it has initiated a number of criminal cases. The authority said it had taken over eight cases and legal procedures against the accused were underway. In the first case, three individuals have been arrested for allegedly embezzling more than SR5 million… Read More
22nd March 2021
Ukrainian authorities have opened an investigation into current and former central bank officials suspected of embezzlement, the Prosecutor General’s office said on Friday. Its statement came after the Kyiv Post newspaper and other local media reported that a top central bank official was being investigated for treason and embezzlement in… Read More
22nd March 2021
Ukraine has imposed sanctions on former President Viktor Yanukovich and ex-Prime Minister Mykola Azarov, freezing their assets and property, banning them from withdrawing capital from the country and stripping them of all state awards. President Volodymyr Zelenskiy provided details of the sanctions in a televised statement, confirming an announcement earlier… Read More