7th November 2016
South Africa's embattled President Jacob Zuma has said he is not scared of going to prison, days after an investigation found evidence of possible government corruption. Read More
4th November 2016
The United States announced the extension of a national emergency act with regards to dealings with Iran. The International Emergency Economic Powers Act has been in place since November 1979 and was originally enacted in the aftermath of the Iran hostage crisis, when 52 American diplomats and citizens were held… Read More
4th November 2016
Eleven sports cars belonging to Teodorin Obiang, the son of Equatorial Guinea’s president have been seized in Geneva under the orders of the canton’s public prosecutor. Obiang is currently under investigation for money laundering. The Swiss investigation into Obiang’s assets was opened in mid-October. “The Geneva public prosecutor confirms the… Read More
4th November 2016
The Enforcement Directorate (ED) is probing a Rs 300-crore money-laundering racket involving a former chief minister and an NRI builder, who is developing a luxury residential project in central Mumbai. Sources told TOI that the politician is believed to have diverted Rs 300 crore from accounts maintained in tax havens… Read More
4th November 2016
South Korea’s embattled president on Friday apologized to the nation over a snowballing political crisis involving a secret aide and said she would submit to an investigation “if necessary,” as her approval ratings dropped to the lowest recorded since democracy arrived here. Park Geun-hye, who made history four years ago… Read More
3rd November 2016
A Federal High Court in Lagos on Wednesday convicted four companies of laundering $15.5m kept in their accounts with Skye Bank. The companies – Pluto Property and Investment Company Limited; Seagate Property Development & Investment Co. Limited; Trans Ocean Property and Investment Company Limited and Avalon Global Property Development Company… Read More
3rd November 2016
Romania is taking big strides in rooting out high-level corruption, new data shows, in stark contrast to neighbours Bulgaria. The duo, who both joined the EU in 2007, have been ranked among the worst in the bloc for perceptions of bribery and fraud. But a year since a corruption scandal… Read More
3rd November 2016
Liao Yongyuan, former general manager of the China National Petroleum Corporation (CNPC), stood on public trial Thursday for accepting bribes. The Dezhou Intermediate People’s Court in east China’s Shandong Province handled the case, and the Dezhou People’s Procuratorate charged Liao with helping others in business operation, promotions, and directly or… Read More
2nd November 2016
An investigation into South Africa’s President Jacob Zuma has found evidence of possible corruption at the top level of his government. In the report, former Public Protector Thuli Madonsela recommends Mr Zuma establish a judicial commission of inquiry within 30 days. Mr Zuma is accused of an improper relationship… Read More
2nd November 2016
The United States on Tuesday imposed sanctions on a Yemeni money exchange and the two brothers who own it for doing business with the al-Qaida in the Arabian Peninsula terrorist group. U.S. assets belonging to the al-Omgy and Brothers Money Exchange are frozen, and Americans are now barred from doing… Read More