18th June 2018
Malaysian authorities investigating scandal-hit state fund 1Malaysia Development Berhad (1MDB) are considering charging former prime minister Najib Razak with money laundering and misappropriation of property, a source familiar with the matter said. Najib, who founded 1MDB in 2009, is the subject of a money laundering and corruption probe, after reports… Read More
18th June 2018
AP — Federal prosecutors indicted Elizabeth Holmes on criminal fraud charges for allegedly defrauding investors, doctors and the public as the head of the once-heralded blood-testing startup Theranos. Federal prosecutors also brought charges against the company’s former second-in-command. Holmes, who was once considered a wunderkind of… Read More
15th June 2018
High-level corruption across all levels of government in Kenya threatens the integrity and basic functioning of the state, the auditor general told Reuters on Thursday. Kenyan media have reported on dozens of graft scandals involving public officers conspiring to steal from state coffers since President Uhuru Kenyatta took office in… Read More
14th June 2018
AP — Judicial authorities on Wednesday told the brother-in-law of Spain’s King Felipe VI that he must report to a prison within five days in order to serve five years and 10 months for fraud and tax evasion, among other crimes. Inaki Urdangarin, a former Olympic… Read More
13th June 2018
AP – It was the greatest show on earth — at least for today and according to its main protagonists, President Donald Trump and North Korean leader Kim Jong Un. That a global audience from Washington to Pyongyang and beyond was agape at such a once inconceivable… Read More
13th June 2018
A Russian oligarch on Monday got a court to delay his fraud lawsuit against U.S. President Donald Trump’s former campaign manager Paul Manafort, citing the need to deal more pressing legal matters such as U.S. sanctions on his businesses and criminal trials facing Manafort. Justice O. Peter Sherwood of New… Read More
13th June 2018
AP — Financial disclosure forms released late Monday show that White House special adviser — and President Donald Trump’s son-in-law — Jared Kushner’s wealth and debt both appear to have risen over the year, an indication of the complex state of his finances and the potential conflicts that confront… Read More
12th June 2018
AP — President Donald Trump and North Korea’s Kim Jong Un came together for a momentous summit Tuesday that could chart a course for historic peace or raise the specter of a growing nuclear threat. Kim called the sit-down was a “good prelude for peace” as Trump pledged… Read More
12th June 2018
AP — Vietnamese legislators on Tuesday passed a contentious cybersecurity law, which critics say will hurt the economy and further restrict freedom of expression. The law requires service providers such as Google and Facebook to store user data in Vietnam, open offices in the country and remove… Read More
11th June 2018
The European Banking Authority has opened a formal investigation into “shortcomings” over how Malta’s Financial Intelligence Analysis Unit (FIAU) enforced anti-money laundering rules at Pilatus bank. Malta’s regulators imposed a freeze on the business of Pilatus Bank in March after its chairman, Ali Sadr Hashemi Nejad, was accused in an… Read More