Banker’s Wife Accused of Role in Crime Group That Stole $97 Million
26th June 2019
Banker’s Wife Accused of Role in Crime Group That Stole $97 Million
Attorneys for the government of Azerbaijan on Monday accused the wife of an imprisoned Azeri banker of knowingly spending £16 million in illicit funds at Harrods and other luxury retailers, according to Bloomberg. The allegations came as part of a hearing in London seeking Zamira Hajiyeva’s extradition to the South… Read More
Swiss to return $133 million to Uzbekistan after money laundering probe
25th June 2019
Swiss to return $133 million to Uzbekistan after money laundering probe
The Swiss attorney general’s office (OAG) on Monday announced it was returning 130 million Swiss francs ($133 million) to Uzbekistan which it seized during an investigation involving a relative of the daughter of the country’s former president Islam Karimov. The OAG did not name the relative who was convicted on… Read More
France to try former IAAF boss Diack and his son
25th June 2019
France to try former IAAF boss Diack and his son
AP — Lamine Diack, once one of the most influential men in Olympic sport, has been ordered to stand trial in France for his alleged role in a system of corruption, extortion and doping cover-ups during his reign at the top of athletics. Diack was head of the IAAF for… Read More
How mafia and corruption scandals rocked Italian football and left fans with a crisis of faith
24th June 2019
How mafia and corruption scandals rocked Italian football and left fans with a crisis of faith
By Anna Sergi, University of Essex Football could be considered Italy’s most popular sport, with world-class teams worth billions attracting a dedicated following across the country. But more than that, football shapes the nation’s collective identity, bringing people from the smallest village to the… Read More
Malaysia seeks forfeiture of portion of embezzled 1MDB money
24th June 2019
Malaysia seeks forfeiture of portion of embezzled 1MDB money
AP — Malaysia’s anti-graft agency said Friday it has begun legal action to seek forfeiture and recovery of 270 million ringgit ($65.1 million) embezzled from the 1MDB investment fund. Officials estimated that another $5 billion worth in assets abroad linked to the fund could be recovered. Latheefa Koya, the new… Read More
U.S. charges four ex-executives at Canadian payments firm PacNet with fraud
21st June 2019
U.S. charges four ex-executives at Canadian payments firm PacNet with fraud
The U.S. Department of Justice on Thursday announced criminal charges accusing four former executives of the Canadian payment processor PacNet Services Ltd of running an international mail fraud scheme that cheated U.S. victims out of tens of millions of dollars a year. PacNet’s founder Rosanne Day, 51, and her colleagues… Read More
Deutsche Faces Money Laundering Probe Tied to Kushner, Danske Bank
21st June 2019
Deutsche Faces Money Laundering Probe Tied to Kushner, Danske Bank
US officials are investigating Deutsche Bank’s compliance with anti-money laundering (AML) laws following allegations that the lender declined to report suspect payments tied to wealthy clients, The New York Times said Wednesday. The investigation stems from an inquiry into whether the German institution facilitated Russian money laundering, including through interbank payments… Read More
France’s Sarkozy loses bid to avoid corruption trial
20th June 2019
France’s Sarkozy loses bid to avoid corruption trial
Former French President Nicolas Sarkozy on Wednesday lost his final bid to avoid standing trial on charges of corruption and influence peddling, his lawyer said. Sarkozy is accused of offering to help a judge win a promotion in Monaco in return for leaked information. The case arose after investigators tapped… Read More
Embattled Brazil justice minister decries leaked texts in corruption probe
20th June 2019
Embattled Brazil justice minister decries leaked texts in corruption probe
Brazilian Justice Minister Sergio Moro said on Wednesday that a criminal organization was responsible for leaks of his private messages as a federal judge, which raised questions about his ethics while overseeing a major corruption probe. Moro is facing calls for his resignation after text messages published by news website… Read More
Mexican pleads guilty in massive drug money laundering case
20th June 2019
Mexican pleads guilty in massive drug money laundering case
AP — A Mexican man arrested last year in what prosecutors called the biggest international money laundering investigation ever in San Diego has pleaded guilty to a federal conspiracy charge. The Union-Tribune reports Manuel Reynoso Garcia admitted Tuesday that his organization moved more than $19 million in cash from… Read More
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