18th August 2016
Brazil’s federal auditing court TCU ordered on Wednesday the seizure of about 2.1 billion reais ($655 million) worth of assets from engineering firms Odebrecht SA and OAS SA and some of their executives, to recoup losses from contracts related to the country’s biggest ever corruption scandal. Brasilia-based TCU said in… Read More
18th August 2016
UKRAINE is investigating a Scottish-registered firm for alleged corruption at the former Soviet bloc’s state-owned vodka maker. Winglex Inter has a registered office in Edinburgh – but no physical presence in this country. It has now been named in a prosecution by the elite National Anti-Corruption Bureau (Nabu) over claims… Read More
18th August 2016
Malaysia will take legal action against those who allegedly defrauded its state investment company 1Malaysia Development Bhd. as the government seeks to defend its reputation and credibility. The government is taking the U.S. Department of Justice’s civil complaint that mentions some Malaysians “very seriously” amid references to funds embezzled from 1MDB,… Read More
17th August 2016
The Enforcement Directorate (ED) has asked for a copy of first information report (FIR) from the city police in the illegal kidney transplant racket case connected with L H Hiranandani Hospital. The agency will examine money laundering angle in the case.   Officials stated that they want to examine FIR… Read More
17th August 2016
Swiss private bank Falcon has been blocked from taking on new business in Singapore by the local central bank and financial regulator, Swiss newspaper Finanz und Wirtschaft said on Wednesday, citing information it had obtained. Falcon is one of the banks under investigation by the Monetary Authority of Singapore (MAS)… Read More
17th August 2016
Venezuela’s Public Ministry on Tuesday said it sentenced 10 people to more than 22 years in prison, including three National Guard members, for trafficking a ton and a half of cocaine on an Air France flight. The Bolivarian National Guard members were respectively in charge of a drug-sniffing canine, of… Read More
17th August 2016
Enforcement Directorate (ED) will opt for Mutual Legal Assistance Treaty (MLAT)to extradite Vijay Mallya from UK. Read More
17th August 2016
Nithya Senani Samaranayake who has functioned as a director of two companies owned by Hambantota district MP Namal Rajapaksa, was yesterday ordered to be remanded until August 22 by a Colombo Court for her alleged involvement in money laundering amounting to Rs.45 million. On Monday, MP Namal Rajapaksa and Sudarsha… Read More
17th August 2016
Chinese police have solved 158 major cases involving underground banks and money laundering this year and apprehended 450 suspects, the Ministry of Public Security (MPS) said Tuesday. In a crackdown launched by the MPS, the People’s Bank of China and the State Administration of Foreign Exchange, 192 locations where illegal… Read More
16th August 2016
OKCoin China has been ordered by a provincial court to pay a fine of 626,569 yuan as damages in a money laundering case Read More