8th January 2021
China sentenced Hu Huaibang, a former chairman of the nation’s biggest policy bank, to life imprisonment on charges of corruption, the second harsh punishment doled out this week in a sign President Xi Jinping is escalating a campaign to crack down on lawbreaking state officials. Hu was found guilty of… Read More
8th January 2021
By Zdravko Ljubas, OCCRP, 6 January 2021 OCCRP – After officials at the Johannesburg airport arrested three men who tried to smuggle gold bars in their hand luggage, the South African Police Service (SAPS) said Monday that it has launched an investigation… Read More
8th January 2021
By Jullet Pineda Sleinan, OCCRP, 6 January 2021 OCCRP – Authorities in Guatemala have detained seven people in raids on 20 properties as part of an investigation into a conspiracy to launder more than US$7 million in drug money. The country’s Public Ministry announced on Monday… Read More
7th January 2021
Credit Suisse Group AG has cut relationships with a number of Venezuela’s wealthy as it weighs the risk of doing business with politically-exposed clients in the sanctions-hit country. Switzerland’s second-largest lender has cut assets it manages for the nation’s wealthy by more than half over the past few years,… Read More
7th January 2021
The United States has blacklisted 16 companies and an individual linked to Iran’s metals industry as part of continued efforts by the outgoing administration of U.S. President Donald Trump to deprive the country of revenue. The U.S. Treasury said late on January 5 that it was targeting the Iranian metals… Read More
7th January 2021
France’s highest court has ordered a retrial of members of the art-dealing Wildenstein family who were acquitted of tax fraud in 2018. Guy Wildenstein, a close friend of former president Nicolas Sarkozy, and other family members, known in France as “les W”, were cleared of hiding an estimated €550m… Read More
7th January 2021
In the early 1500s a young Henry VIII visited Lullingstone Castle to take part in jousts and hunts in its extensive grounds. Hundreds of years later, the Kent estate was where Simon Giles, 41, chose to buy a home. It is said that when he was learning to fly he… Read More
7th January 2021
A tribunal report has laid bare how Deloitte and two of its former audit partners succumbed to pressure to help Autonomy meet market expectations. Autonomy, founded by Mike Lynch, was the sole FTSE 100 audit client of Deloitte’s Cambridge office in 2009, when the software company’s revenue figures began to… Read More
7th January 2021
Wall Street banks are asking a key regulator to drop a proposed rule that would force them to do business with energy and firearms companies that could subject them to public scorn, questioning the legal basis for a measure they say is being unfairly fast-tracked. The “fair access” rule proposed… Read More
7th January 2021
The City regulator is under pressure to subject Lloyds Banking Group and its top executives to an investigation under the senior managers regime after complaints were filed by MPs and whistleblowers over the bank’s handling of the HBOS Reading scandal. The Financial Conduct Authority has received three formal requests… Read More