7th October 2020
The latest UNCTAD report titled Economic Development in Africa Report 2020 ranked Kenya at position 24 globally among countries that record high illicit financial flows. The report was presented by Secretary General of UNCTAD Mukhisa Kituyi at the end of September 2020. This places Kenya ahead of Nigeria (34),… Read More
7th October 2020
A Saudi chief justice and seven other judges are being prosecuted for bribery, money laundering and influence peddling, in the latest crackdown on high-profile offenders in the Saudi Arabia, local media reported. A hearing was held to try the chief justice, charged with receiving a bribe, money laundering and abusing… Read More
6th October 2020
Billionaire James Packer blames sickness for a “shameful” email threat he sent to a mystery businessman in 2015, the NSW casino inquiry has heard. Mr Packer admitted threatening the mystery businessman, Mr X, during his grilling at the NSW casino inquiry on Tuesday afternoon. The NSW Independent Liquor & Gaming… Read More
6th October 2020
By Alessandro Ford, InSightCrime, 5 October 2020 InSightCrime – A patrol ship in the Dutch Caribbean has caught over three tons of cocaine in a rapid series of seizures, displaying how regularly drug shipments traverse the area on their way to Europe and the United States. On September 8,… Read More
6th October 2020
Jersey’s population is no bigger than that of Dover. And yet companies and people on the Channel Island invest more money into the UK than those in China or Germany – £112bn a year. It has £1 trillion sitting in its trusts, companies, funds and foundations, according to a report… Read More
6th October 2020
Elusive cybersecurity pioneer John McAfee was arrested in Spain for tax evasion in the U.S., the Justice Department in Washington said. McAfee is accused of failing to file U.S. tax returns from 2014 to 2018 and hiding assets including real estate, a vehicle and a yacht in the name of… Read More
6th October 2020
Sir Malcolm Rifkind had been more used to summoning ambassadors than visiting them. His spell as Foreign Secretary had been cut short, however, by a Conservative electoral collapse. Having lost his Commons seat too, in the first summer of the new millennium Rifkind approached the Czech embassy, a prize-winning concrete… Read More
6th October 2020
Pastry chef Jiamei Lu said she told the Federal Bureau of Investigation this summer that she was the victim of a financial fraud being run by a company linked to exiled Chinese businessman Guo Wengui and former White House political adviser Steve Bannon. Ms. Lu said that after she met… Read More
6th October 2020
Seven of Republican Texas Attorney General Ken Paxton’s senior staff have asked federal officials to investigate possible bribery and abuse of office charges against him, dropping a bombshell on the vocal supporter of President Donald Trump who is already facing felony securities fraud charges from his time in the Texas… Read More
5th October 2020
Robert T. Brockman was just putting the finishing touches on a new private equity fund when worrisome news arrived. Law enforcement agents had raided the home of a tax lawyer in Texas who had worked for him. A Houston businessman who had made his fortune selling software to auto dealers,… Read More