6th September 2017
A Russian court was told on Tuesday that a close ally of President Vladimir Putin personally handed the country’s then economy minister $2 million in cash inside a lockable brown bag as part of an elaborate bribery sting. Former Economy Minister Alexei Ulyukayev is on trial on charges of extorting… Read More
5th September 2017
China should stop exporting crude oil to North Korea after the reclusive nation defied the international community by testing a nuclear bomb on Sunday despite numerous international trade sanctions, experts told CNBC. “If China decides to cut off that vital supply of crude oil going to North Korea, there will… Read More
4th September 2017
The Federal Government has said that it would adopt some whistle-blowing procedures in curbing the activities of illegal miners across the country. Minister of Mines and Steel Development, Dr. Kayode Fayemi, who disclosed this at a meeting with staff of the ministry, in Abuja, accused two illegal mining companies of… Read More
30th August 2017
Venezuela’s new constituent assembly has voted to put opposition leaders on trial for treason. The assembly said it would pursue those it accuses of supporting US economic sanctions against the country. Read More
29th August 2017
A Nigerian court seized $21 million on Monday from bank accounts linked to a former oil minister accused of corruption as investigators continue to claw back her fortune. Federal high court judge Abdulazeez Anka ordered the immediate forfeiture of $21 million allegedly held in local bank accounts by Diezani Alison-Madueke,… Read More
28th August 2017
Venezuela’s President Nicolás Maduro has said that a preliminary analysis shows that new financial sanctions imposed by the United States will lead to a halt in oil exports to the US. President Trump’s order bans trade in Venezuelan debt and blocks its state oil firm from selling bonds in the… Read More
23rd August 2017
Brazilian prosecutors on Tuesday charged Aldemir Bendine, the former chief executive of state-controlled oil firm Petroleo Brasileiro SA, with corruption, alleging he used his position to take bribes from construction firm Odebrecht. Bendine served as CEO of Petrobras, as the company is formally known, between 2015 and 2016, and was… Read More
18th August 2017
Brazilian police on Friday announced two new phases of their Car Wash anti-corruption probe into alleged graft, misappropriation of public funds and money laundering through the hiring of large companies by Petroleo Brasileiro. According to a statement, police are probing links between shipping companies and Petrobras executives that allegedly allowed… Read More
16th August 2017
Global auditing giant KPMG agreed to pay $6.2 million in penalties to settle Securities and Exchange Commission charges that it failed to properly audit Miller Energy, an oil driller that emerged from bankruptcy proceedings last year. The Securities and Exchange Commission said KMPG and a partner, John Riordan, engaged… Read More
16th August 2017
Former Russian Economy Minister Alexei Ulyukayev told his bribery trial on Wednesday that he had been framed by a close lieutenant of President Vladimir Putin into accepting a payment of US$2 million. The accusation against Igor Sechin, head of Russia’s biggest oil company, thrust into the open simmering tensions between… Read More