1st November 2016
Standard Chartered Plc said Hong Kong’s securities regulator is investigating its role as a joint sponsor of an initial public offering (IPO) in 2009 and could take unspecified action against the British lender’s Hong Kong unit. The disclosure of the probe on Tuesday by Standard Chartered comes days after Swiss… Read More
31st October 2016
The international crime gang led by veteran Dublin criminal Christy Kinahan has set up 200 companies and has operated in 20 countries, a transnational investigation into his crime empire has found. It found Kinahan has copied the Italian mafia’s “golden rule” of using food companies as a front… Read More
31st October 2016
An international diamond dealer who ran a £30 million money laundering business has been jailed for 11 years. Danny Koort, 52, stored bags of “dirty money” at the Fitzrovia offices of his Kosher Diamonds business, converting it into euros before returning the cash to his criminal clients. As he flew between… Read More
24th October 2016
A San Mateo man was charged in a federal indictment for his alleged role in a scheme to commit insider trading and money laundering, U.S. Department of Justice officials said Thursday. According to an indictment returned Wednesday, when Christopher G. Salis, 39, was a global vice president of the software corporation SAP,… Read More
21st October 2016
The China Securities Regulatory Commission said Friday it’s investigating six companies over alleged wrongdoings related to initial public offerings and disclosures. Longbao Ginseng & Antler Co., which is applying for a listing, is among the companies, the CSRC said in a statement posted on its official Weibo account. The five… Read More
21st October 2016
European Union leaders condemned Russia on Friday for its bombing of civilians in Syria’s besieged city of Aleppo but faced resistance from Italy to impose new sanctions against Moscow over the atrocities. Horrified by Russian air strikes on hospitals and an aid convoy that have killed hundreds of civilians including… Read More
20th October 2016
The ruble retreated for the first day in three as oil dropped and the European Union weighed penalties against the recession-hit nation over its conduct in Syria’s civil war. The Russian currency weakened 0.3 percent to 62.4625 against the dollar by 1:33 p.m. in Moscow. The benchmark Micex equity gauge… Read More
19th October 2016
Ukraine has imposed sanctions against a number of Russian and Crimean companies involved in coal transportation, handling and sales. The corresponding decision is stipulated in the resolution of National Security and Defense Council dated September 16, 2016 and presidential decree No. 467/2016. “The basis for applying sanctions is the actions… Read More
19th October 2016
South Korean prosecutors indicted the head of Lotte Group for alleged embezzlement and breach of fiduciary duty, escalating the crisis at the retail giant, after investigators conducted one of the country’s biggest corruption probes in years. Chairman Shin Dong-bin’s actions cost Lotte more than 175 billion won ($156 million), the prosecutors’… Read More
18th October 2016
A Turkish-Iranian gold trader must stand trial for laundering hundreds of millions of dollars and violating U.S. sanctions on Iran, a New York judge said in rejecting a bid to dismiss the case as “unprecedented.” Reza Zarrab, who allegedly owns a multi-billion dollar network of companies in Turkey and the United… Read More