Australian Defence contracts pass from Russian with money-laundering links to shady US military contractor Dyncorp
27th December 2019
Australian Defence contracts pass from Russian with money-laundering links to shady US military contractor Dyncorp
Dyncorp International is a US military contractor which has been embroiled in controversies around the world, is controlled by a private equity firm and provides a range of military services including supplying mercenary forces. It established DynCorp Australia in 2004 and public contract data shows that its pickings from the… Read More
World’s Longest-Serving Ruler Must Reveal His Assets for an IMF Bailout
27th December 2019
World’s Longest-Serving Ruler Must Reveal His Assets for an IMF Bailout
Equatorial Guinean President Teodoro Obiang Nguema Mbasogo, the world’s longest-serving ruler, must declare his assets before the nation receives more financial support, according to the International Monetary Fund. The central African nation needs an IMF bailout to deal with a crisis that shrank its economy by a third to $13… Read More
Congo prosecutors probe Israeli billionaire’s loan to state mining company
25th December 2019
Congo prosecutors probe Israeli billionaire’s loan to state mining company
Congolese prosecutors are investigating a 200-million-euro ($222 million) line of credit issued to state mining company Gecamines by a company owned by Israeli billionaire Dan Gertler, who is under U.S. sanctions, Gecamines said on Monday. Two sources at Democratic Republic of Congo’s prosecutor’s office and two at the presidency, speaking… Read More
Ivory Coast issues arrest warrant for presidential candidate Soro
25th December 2019
Ivory Coast issues arrest warrant for presidential candidate Soro
Ivory Coast has issued an arrest warrant for Guillaume Soro, a former rebel leader and candidate in next year’s presidential election, the public prosecutor said on Monday, forcing Soro to call off a planned homecoming after months overseas. The move against Soro, who retains the loyalty of many former rebel… Read More
Police Arrest Former Eskom Managers for Alleged Fraud, Graft
24th December 2019
Police Arrest Former Eskom Managers for Alleged Fraud, Graft
South African police arrested two former senior managers at the state electricity company and two other suspects over allegations of fraud, corruption and money laundering at the Kusile power plant. Abram Masango, the former head of group capital at Eskom Holdings SOC Ltd. and France Hlakudi, a former senior manager… Read More
A church, its shell companies and a plan to have rapper Flo Rida plug high-end bubbly
23rd December 2019
A church, its shell companies and a plan to have rapper Flo Rida plug high-end bubbly
The middleman was ecstatic. An American archbishop was not only looking to move some money offshore, he was looking to move all his finances abroad. “He says he feels he can swing his council or synod to establishing his whole banking empire as he envisions it and he wants to… Read More
South African Reserve Bank imposes administrative sanctions on five banks
23rd December 2019
South African Reserve Bank imposes administrative sanctions on five banks
The SA Reserve Bank has imposed administrative sanctions on five banks and directed them to take remedial actions after it found weaknesses in each of the banks’ money laundering control measures following routine inspections conducted in terms of the Financial Intelligence Centre (FIC) Act. The Reserve Bank said in a… Read More
Canada’s SNC-Lavalin settles Libya bribery case that shook Trudeau government
19th December 2019
Canada’s SNC-Lavalin settles Libya bribery case that shook Trudeau government
A division of SNC-Lavalin Group Inc pleaded guilty to fraud and will pay a C$280 million fine, the company said on Wednesday, in a case related to projects in Libya that engulfed Canadian Prime Minister Justin Trudeau’s government in crisis. The construction and engineering company reached a settlement after being… Read More
The Global Footprints of ‘Putin’s Chef’
18th December 2019
The Global Footprints of ‘Putin’s Chef’
The shadowy interests of Yevgeny Prigozhin — a Russian businessman and close associate of President Vladimir Putin — have just become a little clearer. Over the past year, reporters from OCCRP’s Russian partner, Novaya Gazeta, tracked the registration details and movements of business jets linked to Prigozhin. They reveal significant… Read More
Angola recovers more than $5bn in stolen assets
18th December 2019
Angola recovers more than $5bn in stolen assets
Angola‘s Justice Minister Francisco Queiroz has said the country has so far this year recovered more than five billion dollars stolen from state coffers, both at home and abroad. The money, including three billion dollars stolen from the sovereign wealth fund, had been siphoned off by corruption and money-laundering, state news… Read More
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