27th July 2020
Philippine investigators say they have identified dozens of people and entities of interest in their probe into Wirecard AG, and are focusing on two bank employees who may have facilitated a multinational accounting scandal at the insolvent German payments company. Wirecard had claimed some $2.1 billion in cash… Read More
24th July 2020
By Olesya Shmagun, OCCRP, 22 July 2020 OCCRP – Though its population barely exceeds 200,000 people, Geneva is one of the world’s most important diplomatic centers. The International Red Cross and the World Health Organization are headquartered in the picturesque Swiss city, along with the second-largest office of the… Read More
23rd July 2020
AP — Two more former executives at bankrupt German payment company Wirecard were arrested on Wednesday in the fraud scandal that brought down the one-time tech star and its former CEO was taken back into custody after the case against him was expanded, prosecutors said. The former Wirecard managers are… Read More
23rd July 2020
A powerful Ohio lawmaker and four associates were arrested and charged on Tuesday in what federal authorities say was a $60 million bribery and corruption scheme. Ohio House Speaker Larry Householder, 61, was among five men taken into custody and changed in federal court Tuesday morning after FBI agents raided… Read More
22nd July 2020
More muscle to prevent unsuitable individuals from working in the finance industry and strengthen the framework for technology risk management are among new proposals made by the Monetary Authority of Singapore (MAS) to deal with risks that can undermine the sector. It issued a consultation paper proposing such enhanced powers… Read More
22nd July 2020
A high court judge has allowed the seizure of a £5m luxury London apartment allegedly bought by a Brazilian businessman using “corrupt funds” linked to the multibillon-dollar Petrobras “Operation Carwash” money-laundering scandal. Judge Johannah Cutts accepted that, as part of an investigation, the Serious Fraud Office (SFO) could… Read More
22nd July 2020
The trial of a former boss of Petroleos Mexicanos threatens to expose years of alleged malpractice at the state oil company and provide a canvas for Mexico’s leftist president to depict rot at the heart of government that he has vowed to clean up. Once a symbol of Mexican self-reliance… Read More
22nd July 2020
One of Poland’s ex-transport ministers has been arrested in a corruption probe. The former MP, named only as “Sławomir N.”, was detained on suspicion of corruption and operating within an organised crime group, according to Poland’s Central Anti-Corruption Bureau. The suspect had also served as head of Ukraine’s highways… Read More
21st July 2020
The Clarence S. Brooks Foundation is located in a nondescript three-story building on Wilshire Boulevard in Los Angeles that also has a Wells Fargo bank branch and an urgent care among its tenants. From there, the small charitable foundation established in 2004 that had $5.8 million in assets at the… Read More
17th July 2020
By Khadija Sharife and Mark Anderson, OCCRP, 15 July 2020 OCCRP – A South African investment firm linked to the infamous Gupta family of businessmen charged a major state-owned company US$2.8 million for property management services that it never provided, OCCRP has discovered. The services were part of an… Read More