11th July 2019
Algeria’s supreme court on Wednesday placed former industry minister Youcef Yousfi in custody over alleged corruption, state television reported. Yousfi became the latest senior official to be detained in anti-graft investigations since protests erupted earlier this year demanding the prosecution of people seen by demonstrators as corrupt, as well as… Read More
11th July 2019
Police investigating large-scale drug supply and organised crime in Sydney’s south-west have now blown the lid off an unrelated alleged money laundering syndicate worth $80 million. In February last year detectives from the Criminal Groups Squad launched an investigation into an alleged criminal group that was linked to organised crime… Read More
11th July 2019
The U.K’s Financial Conduct Authority issued the largest total amount in fines against individuals during the 2019 fiscal year, the regulator said in its annual report published Tuesday. The FCA imposed £80.2 million in fines against eight individuals during the fiscal year ending March 31, compared with about £900,000 in… Read More
11th July 2019
The Charity Commission of England and Wales on Tuesday disclosed a formal inquiry into a group of linked charities suspected of involvement in money laundering. The independent regulator initially launched the investigation in June 2014 following a warning by the Metropolitan Police Service that the charities, which share trustees,… Read More
10th July 2019
A corruption case against Latvian central bank governor Ilmars Rimsevics has been handed to a court for consideration, the Latvian Prosecution Office said on Tuesday, more than a year after he was first detained by anti-corruption agents. Rimsevics, a top policy-maker at the European Central Bank, was detained by the… Read More
10th July 2019
Former French President Francois Hollande was questioned by police in France earlier this month as a witness in a Brazilian corruption investigation into a deal to buy combat jets, a source close to the politician said. Hollande’s predecessor Nicolas Sarkozy refused to be questioned as part of the same probe,… Read More
10th July 2019
AP — Mexican federal prosecutors say they have arrested a prominent lawyer on suspicion of involvement in organized crime and money laundering. A statement from the Attorney General’s Office says attorney Juan Ramón Collado was detained Tuesday in an affluent neighborhood of Mexico City after a judge authorized his arrest. Read More
9th July 2019
Noah Holdings Ltd., one of China’s largest wealth managers, levied accusations of fraud against Camsing International Holding Ltd., the Hong Kong-listed company that said last week its chairman had been detained by police. The asset manager has filed a lawsuit and reported Camsing to… Read More
9th July 2019
Shares in Punjab National Bank slid after the lender said it had reported a suspected 38 billion rupee ($554.63 million) fraud in Bhushan Power & Steel Ltd’s account, potentially delaying a sale of the firm’s assets and consequent repayments to creditors. PNB is among nearly 34 financial creditors who have… Read More
9th July 2019
AP — A federal grand jury in New York is investigating top Republican fundraiser Elliott Broidy, examining whether he used his position as vice chair of President Donald Trump’s inaugural committee to drum up business deals with foreign leaders, according to documents obtained by The Associated Press and people familiar… Read More