Featured Embezzlement

Brazil court trims Lula sentence, opening door to partial detention

Brazil’s jailed former leftist president, Luiz Inacio Lula da Silva, could gain partial freedom within five months following a court decision on Tuesday to reduce his sentence in one of two corruption convictions. The popular politician began serving a 12-year prison sentence a year ago on a corruption and money-laundering… Read More

On Heels of Ukraine Election, Money Laundering Probes for Poroshenko’s Allies

Ukraine’s top prosecutor has formally summoned several allies of the nation’s outgoing President Petro Poroshenko over allegations of embezzlement and money laundering, the Kyiv Post reported Monday. The five suspects include Valeria Gontareva, the former head of the National Bank of Ukraine, and Kostyantyn Stesenko, an executive with the investment bank… Read More

Five Algerian billionaires arrested as part of anti-graft investigation: State TV

Five Algerian billionaires, some of them close to former president Abdelaziz Bouteflika who quit over mass protests, have been arrested as part of an anti-graft investigation, state TV said on Monday. The five are Issad Rebrab, considered the richest businessman in the energy-rich north African nation who is especially active… Read More
21st April 2019
Sudan’s public prosecutor has begun investigating ousted President Omar al-Bashir on charges of money laundering and possession of large sums of foreign currency without legal grounds, a judicial source said on Saturday. The source said that military intelligence had searched Bashir’s home and found suitcases loaded with more than $351,000… Read More
18th April 2019
The uncle of Syrian President Bashar al-Assad will stand trial in France for allegedly acquiring millions of euros worth of French property assets using funds diverted from the Syrian state, a judicial source said on Wednesday. Rifaat al-Assad is a former military commander, widely held responsible for crushing an Islamist… Read More
17th April 2019
Mexican President Andres Manuel Lopez Obrador said on Monday he will create a “Robin Hood” institute to return to the people the ill-gotten wealth seized from corrupt politicians and gangsters. His administration is drawing up a bill to create an independent “Robin Hood” institute “against the corrupt” that would put… Read More
15th April 2019
AP — Prosecutors in Peru are asking a judge to keep former President Pedro Pablo Kuczynski behind bars as he is investigated for suspected money laundering related to Latin America’s biggest graft scandal. Deputy prosecutor Hernan Mendoza made the request Monday morning, saying the former Wall Street banker should… Read More
12th April 2019
AP — Attorney Michael Avenatti has been charged in a 36-count federal indictment alleging he stole millions of dollars from clients, did not pay his taxes, committed bank fraud and lied in bankruptcy proceedings. Avenatti, 48, was indicted late Wednesday by a Southern California grand jury on a raft of… Read More
8th April 2019
AP — A top Croatian court has increased to six years the corruption sentence against former Prime Minister Ivo Sanader and ordered his immediate imprisonment. Sanader was transferred to a Zagreb prison on Thursday evening after the court upheld prosecutors’ appeal of the 2017 sentence of four and one-half years in… Read More
4th April 2019
The government of Malta has no coherent plan to fight corruption and has failed to penalize officials for apparent criminality, a Strasbourg-based watchdog group said in a report Thursday. While the country has an adequate institutional framework “on paper” to mitigate governmental wrongdoing, a string of high-profile corruption scandals involving… Read More
4th April 2019
AP — Former Malaysian Prime Minister Najib Razak sat in the dock Wednesday at the start of his corruption trial, with the chief prosecutor alleging he wielded “near absolute power” for nearly a decade during which he stands accused of pilfering millions of dollars from the 1MDB state investment fund. Read More
4th April 2019
The largest ever money laundering scandal in Europe is rippling through the region’s banks. It began in the Baltics and has engulfed several Nordic lenders, notably Denmark’s Danske and Sweden’s Swedbank, who had large Baltic operations. Here are some facts about Europe’s problems. HOW DID THE CURRENT SCANDAL EMERGE? The… Read More
4th April 2019
By James Chin, University of Tasmania The corruption trial of Najib Tun Razak, the former prime minister of Malaysia, has finally begun following two postponements and an attempt on the opening day of the trial for a third. Many Malaysians were starting to wonder if Najib would… Read More