8th September 2016
Former state assemblyman Tom Calderon of Montebello made nearly $1 million between 2013 and 2015, but he doesn’t have enough money to pay a fine as part of his sentence for pleading guilty to one count of money laundering, according to a presentencing report that will go to U.S. District… Read More
7th September 2016
A San Diego lawyer has been sentenced to five years in prison after pleading guilty last year to using lawyer trust accounts to hide the source of $12 million later sent to international destinations. Lawyer Richard Medina Jr., 40, was sentenced on Tuesday, report the San Diego Union-Tribune and… Read More
7th September 2016
The Enforcement Directorate (ED) alleges that Himachal Pradesh Chief Minister Virbhadra Singh made a fake Memorandum of Understanding (MoU) with Life Insurance Corporation (LIC) agent Anand Chauhan to manage his apple orchard and cover up Singh’s “tainted” money. On Tuesday, the ED filed a chargesheet against LIC agent Anand Chauhan… Read More
6th September 2016
The chief executive of telecommunications giant VimpelCom in Russia has resigned after being named as a “person of interest” in a corruption probe, the company announced in a statement Monday. Mikhail Slobodin oversaw VimpelCom brand Beeline, one of Russia’s biggest mobile operators. He told colleagues that he would resign… Read More
6th September 2016
The Directorate of Revenue Intelligence (DRI) blew the lid off a money laundering scam in which an import-export code (IEC) of an Indore-based company was used by others to import goods and deposit money in the firm’s bank accounts, which was then remitted to foreign countries, investigation agency officials said. Read More
5th September 2016
Prosecutors have summoned Lotte Group (Chairman Shin Dong-bin) founder Shin Kyuk-ho for questioning on Sept. 7 amid their ongoing probe into the retail giant’s snowballing corruption scandal. The ailing Lotte patriarch, 94, said he planned to answer the summons but asked prosecutors to visit him citing his deteriorating health condition. “We… Read More
5th September 2016
A former French budget minister is going on trial for hiding part of his wealth in tax havens around the world while fighting tax evasion at home. Jerome Cahuzac is to appear in a Paris court Monday on charges of tax fraud and money laundering that forced him to resign… Read More
2nd September 2016
The officer is one of several being investigated after the force received information from a whistleblower Read More
2nd September 2016
Papua New Guinea’s former prime minister Sir Michael Somare has been implicated in a money laundering case in Singapore. The Straits Times reports that in 2010 a married couple laundered US$3.6 million which had been meant to set up community colleges in PNG – then gave US$784,000 of it to… Read More
1st September 2016
Swiss prosecutors are investigating football legend Franz Beckenbauer as part of a corruption probe over Germany winning the rights to host the 2006 FIFA World Cup. Earlier in March, football’s world governing body FIFA began looking into six men for their part in Germany winning the rights to host the… Read More