Israel: Arab party officials arrested for alleged fraud, money laundering
19th September 2016
Israel: Arab party officials arrested for alleged fraud, money laundering
Twenty officials with the Arab Balad party arrested, may face charges of aggravated fraud, falsifying corporate documents, forgery, campaign financing violations Read More
CBN Warns Against Depositing Money in ‘MMM Nigeria’, Wonder-banks
16th September 2016
CBN Warns Against Depositing Money in ‘MMM Nigeria’, Wonder-banks
The Central Bank of Nigeria (CBN) has warned Nigerians to be careful not to deposit money in any institution that is not insured by the Nigeria Deposit Insurance Corporation (NDIC). The bank through its the acting Director of Corporate Communications, Mr. Isaac Okoroafor, warned especially on the trending MMM Nigeria community. “At times like this… Read More
US: $185M Wells Fargo fine pales next to profits
14th September 2016
US: $185M Wells Fargo fine pales next to profits
When Wells Fargo was hit last week with $185 million in fines after thousands of its employees were caught setting up fake accounts that customers didn’t ask for, regulators heralded the settlement as a breakthrough. The Consumer Financial Protection Bureau noted that the $100 million it will collect as part… Read More
Philippines ends Bangladesh’s cyber heist probe
11th September 2016
Philippines ends Bangladesh’s cyber heist probe
The Philippines’ department of justice has ended primary investigation in the cyber highest of the largest-ever amount of money Bangladesh Bank account of New York Federal reserve. At least 81 million dollars of the stolen money was en-cashed in Manila. The Daily Inquirer reported that the probe was related to… Read More
JBS CEO ordered to step aside in Brazil pension fund probe
6th September 2016
JBS CEO ordered to step aside in Brazil pension fund probe
Brazilian police launched an investigation of fraud at state-run companies’ pension funds on Monday, as a judge ordered dozens of senior financiers and executives away from their firms, including the chief executive of the world’s biggest beef exporter. Police carried out five arrests, more than two dozen interrogations and over… Read More
French ex-minister in court over tax fraud, money laundering
5th September 2016
French ex-minister in court over tax fraud, money laundering
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
US: Insurance agent charged in Mississippi prison bribery case
25th August 2016
US: Insurance agent charged in Mississippi prison bribery case
A Jackson insurance agent is the latest person indicted in a corruption case tied to the former head of the Mississippi prison system. Guy E. “Butch” Evans, 61, appeared briefly Wednesday in U.S. District Court in Jackson and pleaded not guilty to one count of bribery and one count of… Read More
Ex-Tech CEO Is Returning to America to Plead Guilty in Stock Options Scandal
23rd August 2016
Ex-Tech CEO Is Returning to America to Plead Guilty in Stock Options Scandal
He had been arrested in Namibia in September 2006 after a global manhunt, but fought extradition. Read More
South Africa: SANDF members suspended for alleged fraud, corruption
19th August 2016
South Africa: SANDF members suspended for alleged fraud, corruption
The South African National Defence Force (SANDF) on Thursday, announced the suspension of 27 members for allegations of fraud and corruption. “The Chief of the SANDF General Solly Shoke places 27 members (19 uniformed and eight civilians) on leave on instruction who are working at the Army Support Base Limpopo… Read More
Pakistan army’s housing ventures face corruption investigation
19th August 2016
Pakistan army’s housing ventures face corruption investigation
Elysium Ranches, a housing development near Islamabad, was supposed to be a paradise. Spread over six sq miles of land, it would boast luxurious “farmhouses” costing up to £340,000 each, a seven-star hotel and an international-standard golf course to ensure it was “the ultimate place of happiness and tranquillity for… Read More
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