Featured Criminal Investigations

EU watchdog urges tighter rules to prevent another Wirecard scandal

European Union rules on company financial information need to be updated to apply the lessons of the collapse of German payments firm Wirecard, the bloc’s securities watchdog said on Wednesday. The European Securities and Markets Authority (ESMA) said in a report in November there were deficiencies in how Germany’s securities… 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

German Financial Regulator Refers Greensill Matters to Criminal Prosecutors

Embattled financial startup Greensill Capital plans to file for insolvency in the U.K. this week, as it simultaneously moves toward a deal to sell its operating business to Apollo Global Management, according to people familiar with the matter. Also Wednesday, in a dramatic ratcheting up of Greensill’s problems, Germany’s… Read More
4th March 2021
More than 20 years ago, a group of former salesmen for Houston software entrepreneur Robert Brockman sued their old boss, claiming in court that he had deprived them of commissions by directing a portion of customer payments to a Cayman Islands entity. Mr. Brockman twice appealed to the Texas… Read More
3rd March 2021
A 22-year-old man who was arrested today is suspected of storing over €120,000 in his bank account which was stolen by an organised crime gang in a €1.1m fraud. The suspect who has been described as a “money mule” is the second young man to be arrested as part of… Read More
3rd March 2021
B.C. casino investigators probed real estate lawyers whom they had connected to private mortgages, organized crime and an alleged transnational money-laundering scheme, the province’s inquiry has heard. In testimony Tuesday at the Cullen Commission, Brad Rudnicki, a BC Lottery Corporation anti-money laundering intelligence specialist, said his investigations suggested… Read More
3rd March 2021
By Julett Pineda Sleinan, OCCRP, 2 March 2021 OCCRP — German police arrested eight people aged between 24 and 55 and searched dozens of premises throughout the country as part of a mega operation that targeted right-wing groups allegedly involved in drug and arms trafficking and money… 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
2nd March 2021
Lawyers representing Meng Wanzhou tried to discredit evidence presented by U.S. officials in her extradition hearing, arguing a banker at HSBC Holdings Plc knew that a company doing business with Iran was actually an affiliate of Huawei Technologies Co. One of Meng’s lawyers, Frank Addario, told the… Read More
2nd March 2021
B.C.’s inquiry into money laundering has heard stunning evidence about connections between B.C. government casinos, casinos in Macau and Las Vegas, and international drug traffickers and loan sharks moving money between Vancouver, Latin America and Asia via Chinese underground banks. The Cullen Commission heard new details on Monday about… 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
South African authorities are investigating fraudulent transactions that cost state power utility Eskom Holdings SOC Ltd. 2 billion rand ($132 million), City Press reported, citing the Special Investigating Unit. The transactions involved several companies billing Eskom over the past three years for work that was never… 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