26th October 2016
The director of the Serious Fraud Office (SFO) has said it is crucial for the office to retain its independence and spoken out against being merged into the National Crime Agency. David Green was giving evidence at a justice committee hearing into the work of the SFO. Asked whether he… Read More
26th October 2016
Switzerland has transferred about $51 million in formerly frozen assets to the United States in connection with an investigation into alleged corruption at Venezuela’s state oil company PDVSA, authorities said on Tuesday. The funds are linked to two Venezuelan oil magnates who have pleaded guilty in the United States to… Read More
26th October 2016
The Memorandum of Understanding signed between Tanzania and Switzerland last Friday is an important milestone in the war against grand corruption and other serious financial crimes, says Foreign Affairs and East African Cooperation minister Augustine Mahiga. The agreement will not only enable Tanzania to recover the… Read More
26th October 2016
China and the United States are in “advanced negotiations” on returning to China five of its most wanted corruption suspects who have fled to the US, a state-run newspaper said on Wednesday. China has vowed to pursue an overseas search dubbed Operation Fox Hunt for corrupt officials and… Read More
25th October 2016
A reform requiring Ukraine’s politicians and officials to declare their assets online in order to fight corruption is under threat. Some lawmakers and anti-corruption activists say there are persistent attempts to sabotage the measure, which is backed by the International Monetary Fund (IMF). As reported by the Reuters news agency,… Read More
25th October 2016
South Africa’s Finance Minister Pravin Gordhan faces a tough balancing act on Wednesday when he unveils a midterm budget meant to boost the sickly economy and show his looming fraud case is not distracting him. Gordhan has said he plans to reduce government spending, raise taxes and cut the budget… Read More
24th October 2016
The Attorney General of the Federation and Minister of Justice, Abubakar Malami, has attributed current political, social and economic problems in Nigeria to corruption. Malami, who delivered the keynote address at the National Open Government Partnership retreat on Monday in Kaduna, said corruption remained Nigeria’s biggest impediment to attaining sustainable… Read More
24th October 2016
The Argentine government sent to Congress this week a series of proposed laws that would heavily sanction businesses found guilty of corruption involving the public sector, according to a document seen by Reuters on Saturday. Currently, Argentine law punishes individuals involved in such corruption cases, but not companies. Under the… Read More
24th October 2016
China’s coal imports from North Korea in September fell by more than a quarter from August, customs data showed, after a push from the United States last month to punish North Korea for its recent nuclear test with a tougher ban on its coal exports. Data from the… Read More
24th October 2016
As the imminent lockdown of the federal capital by Pakistan Tehreek-i-Pakistan is looming large, the ruling Pakistan Muslim League-Nawaz (PML-N) and the Pakistan Peoples Party (PPP) have stepped up their rhetoric against PTI chief Imran Khan. A member of the federal cabinet on Sunday levelled allegation of money… Read More