13th September 2018
The ruling on whether Indian tycoon Vijay Mallya can be extradited from Britain to India to face fraud charges will be given on Dec. 10, a London judge said on Wednesday, after she heard closing submissions in the case. India wants to extradite 62-year-old Indian businessman from Britain to face… Read More
11th September 2018
A Saudi princess has reported the theft of jewels worth 800,000 euros ($930,000) from her suite at the Ritz hotel in Paris, a police source said on Monday. The woman, who was not named, said the jewels were taken on Friday afternoon. There were no signs that the room… Read More
7th September 2018
Financial data has been stolen from potentially hundreds of thousands of British Airways customers who made online bookings in recent weeks, extending a run of embarrassing technological mishaps suffered by the UK flag carrier. The thefts occurred during a data breach that affected bookings made on the airline’s website between… Read More
6th September 2018
The US Securities and Exchange Commission (SEC) has fined Moody’s, one of the nation’s largest credit ratings agencies, a total of $16.25 million over rating deficiencies. According to the SEC, Moody’s failed to document an ‘effective internal control structure’ regarding models that it had outsourced and used in rating… Read More
6th September 2018
Wealth manager Perpetual Ltd (PPT.AX) said it has divested Commonwealth Bank of Australia (CBA.AX) from its A$1.3 billion ($933.6 million) ethical fund due to revelations of corporate misconduct, the first big institutional investor to do so. The move by one of Australia’s best-known share managers could encourage other socially minded… Read More
3rd September 2018
A haulage company boss from Gdańsk, Poland, has been jailed for three years and four months after he tried to leave the United Kingdom with £862,560 concealed in two suitcases. Border Office workers at the Port of Dover intercepted the man, who in court pleaded guilty to money laundering. According… Read More
30th August 2018
AP — Israel’s Supreme Court has sentenced one of the country’s most prominent businessmen to three years in prison for securities fraud. The court ruled Wednesday that former IDB Holding Corp. controlling shareholder Nochi Dankner will begin serving his prison term on Oct. 2 for his role in carrying… Read More
29th August 2018
Basler Kantonalbank (BSKP.S) said on Tuesday it had settled a long-standing tax dispute with the U.S. Justice Department and will pay $60.4 million in penalties, less than the 100 million Swiss francs ($100 million) it had set aside for the purpose. “The bank signed a Deferred Prosecution Agreement and committed… Read More
29th August 2018
AP — The Kushner family real estate company was fined $210,000 by New York City regulators on Monday following an Associated Press investigation earlier this year that showed it routinely filed false documents with the city claiming it had no rent-regulated tenants in its buildings when,… Read More
27th August 2018
The UK’s parliamentary research department has published a paper on registers of beneficial ownership. The study outlines the beneficial ownership structure in the UK, and also looks at issues around its Overseas Territories. It explains that the UK has registers of beneficial ownership for three different types of assets: companies,… Read More