12th June 2020
Goldman Sachs is trying to get federal prosecutors to ease up on the bank for its role in a brazen scheme to loot billions of dollars from a Malaysian sovereign wealth fund. Lawyers for the bank have asked Deputy Attorney General Jeffrey Rosen to review demands by some federal… Read More
12th June 2020
The Indian businessman Vijay Mallya is understood to have applied for asylum in the UK in order to avoid extradition to India to face allegations of a £1bn fraud at his defunct Kingfisher Airlines. The UK government ordered the multimillionaire’s extradition in February 2019 saying he was “accused in… Read More
10th June 2020
Widening its investigation into the YES Bank fraud case, the Enforcement Directorate (ED) on Monday searched five premises of the promoter, directors, and auditors of outbound travel firm Cox & Kings. This was in connection with the tour operator’s financial dealings with Rana Kapoor, the co-founder of… Read More
9th June 2020
Vatican police on Friday arrested Gianluigi Torzi, an Italian middleman who was part of a controversial deal in which the Vatican used Church money to purchase a luxury building in London as an investment. Torzi, who was arrested after questioning by Vatican magistrates, was accused of extortion, embezzlement, aggravated fraud… Read More
8th June 2020
Former Bosasa boss Angelo Agrizzi has been slapped with letter of demand for R91 million by the team of liquidators managing the winding up of the corruption-accused Bosasa group. In a stunning change of fortune for the self-proclaimed whistleblower, Agrizzi now become the first of the Bosasa dons to face… Read More
8th June 2020
Tanzania’s former managing director of state-run Medical Stores Department (MSD) Laurean Bwanakunu on Friday appeared in court charged with five counts, including organizing a criminal gang and money laundering. Bwanakunu and MSD’s acting logistics director Byekwaso Tabura appeared before the Kisutu Resident Magistrate’s Court in the commercial capital, Dar es… Read More
5th June 2020
A former judge who became the face of Brazil’s anticorruption campaign said he felt forced to step down as justice minister because President Jair Bolsonaro had abandoned the fight on graft that had helped get him elected. “To fight corruption, you need to have a very strong program, including in… Read More
5th June 2020
AP – A former Ecuadorian president has been detained after authorities raided his home Wednesday and found a gun and medical supplies including masks as part of a wider investigation into corruption during the pandemic. Prosecutors and police charged into the home of ex-President Abdalá Bucaram, 68, in Guayaquil,… Read More
4th June 2020
The prosecutor’s office has sent the large-scale money-laundering case of entrepreneur Tiiu Jarviste and her two fellow accused to court, Postimees reports. About to face trial in addition to Jarviste, 56, are also Aleksei Dremov, 40, and Andrii Danchak, 37 — the latter is the only one of the three… Read More
3rd June 2020
US authorities said on Monday that they had extradited a former Chinese official from Sweden to Los Angeles to face charges of money laundering and immigration fraud. The US Department of Justice (DOJ) said it took Qiao Jianjun into custody on Friday for, among other charges, allegedly conspiring to commit… Read More