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Under Shadow of Corruption, Peru’s Congress Fuels Crisis

Peruvian politician Humberto Acuña was convicted of bribery committed while he was governor of a northern Peruvian state from 2011 to 2018, and still faces several other charges, including abuse of authority and criminal conspiracy. Still, the burly 54-year-old engineer is a powerful congressman for the Alliance for Progress Party,… Read More

JPMorgan Chase Unit to Pay $250 Million Penalty Over Poor Internal Controls

A top banking regulator fined a JPMorgan Chase & Co. unit $250 million over deficiencies in internal controls and internal audit practices. JPMorgan Chase Bank N.A. entered into a resolution with the Office of the Comptroller of the Currency to pay the civil penalty, the company said in a… Read More

Call for three-year ban on EY bidding on public contracts

A prominent anti-corruption campaign group is calling on the government to ban EY from bidding on public contracts for three years, accusing the big four accounting and consultancy group of “recurring professional misconduct”. Spotlight on Corruption has written to the Crown Procurement Service asking it to examine if business… Read More

16th November 2020

Wells Fargo ex-CEO settles SEC claims, former consumer-unit head faces fraud case

Former Wells Fargo & Co. chief executive John Stumpf agreed Friday to pay $2.5 million to settle civil claims over his role in the bank’s fake accounts scandal, while regulators sued another departed Wells executive over fraud allegations. Mr. Stumpf, who stepped down from his top post… Read More

13th November 2020

Cypriot MP says he has evidence of migration dept corruption

Opposition Diko MP Pavlos Mylonas on Wednesday handed the justice minister documents containing allegations of corruption against officials at various government departments relating to migration and asylum. Mylonas said afterwards that this was information he had collected himself and it was his view that it should be probed by criminal… Read More

11th November 2020

Mozambique files charges against ex-fin min over $2 billion debt

Mozambique filed provisional embezzlement, money laundering and abuse of office charges on Monday against former finance minister Manuel Chang over $2 billion in state-guaranteed debt borrowed during his term in office. Chang has been in custody in South Africa since Dec. 2018, where he is being sought both by Mozambique… Read More

10th November 2020

Mexican president orders inquiry into report that aide paid shell firms

Mexican President Andres Manuel Lopez Obrador urged authorities on Monday to look into a report accusing a top aide of financial impropriety, while calling it part of a media campaign aimed at bringing his administration into disrepute. Newspaper El Universal said Lopez Obrador’s private secretary Alejandro Esquer had hired shell… Read More

10th November 2020

Dirty money, dirty trains: IBAC probe shows V/Line still off track

The ink was hardly dry on a written pledge to stamp out “unfettered cronyism” at regional rail operator V/Line when then-chief executive James Pinder secretly offered a job with a salary exceeding $200,000 to a mate. “For you brother, everything is possible,” Pinder wrote to Metro’s operational fleet manager Peter… Read More

10th November 2020

Yet another presidential candidate in Honduras accused of embezzlement

By Héctor Silva Ávalos, InSight Crime, 8 November 2020 InSightCrime – Tegucigalpa mayor Nasry “Tito” Asfura — who has announced he will run for president in Honduras’ 2021 elections — has been named in a government investigation into the embezzlement of more than a million dollars in city funds,… Read More

9th November 2020

FIFA aims to regulate soccer agents, shine light on fees

AP – Aiming to open player agents to more scrutiny, FIFA said Thursday it wants to publish lists of their clients and how they earn fees that were worth $650 million last year. FIFA’s move toward more transparency is in a draft code it has worked on since 2017,… Read More

9th November 2020

India’s ED conducts searches in Goa in land grab case

The Enforcement Directorate (ED) on Saturday said it has conducted searches in a money laundering complaint linked to an alleged land grab and cheating case in Goa. It said the raids were carried out against former Attorney of Comunidade of Serula Angelo C Lobo, his brother Reginaldo Lobo and former… Read More

6th November 2020

Bribery victims prevail in restitution claim against hedge fund

A federal judge approved a restitution payment of more than $138 million to investors in a Congolese mine, bringing to a close a yearslong legal battle over their status as victims of a bribery scheme by hedge fund Sculptor Capital Management Inc. Final approval for the restitution came Wednesday at… Read More

5th November 2020

SEC whistle-blower gets $28 million in another huge 2020 payout

The U.S. Securities and Exchange Commission paid $28 million to a whistle-blower who provided information that led to a successful enforcement action, adding to the eye-popping awards that tipsters have received from the agency this year. “In the past month alone, the commission has awarded four whistle-blowers over $150… Read More

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