Court orders seizure of Bombardier jet in connection with Nigerian corruption case
9th June 2020
Court orders seizure of Bombardier jet in connection with Nigerian corruption case
Nigeria has tracked down and grounded the luxury private jet purchased by its former oil minister, Dan Etete, with some of the alleged proceeds of the nororious $1.3 billion Malabu OPL245 oil deal. Asset recovery lawyers acting for the Nigerian government swooped last week after the Bombardier 6000 jet, tail… Read More
Angelo Agrizzi’s big Bosasa corruption bill: Liquidators seek R91m
8th June 2020
Angelo Agrizzi’s big Bosasa corruption bill: Liquidators seek R91m
Former Bosasa boss Angelo Agrizzi has been slapped with letter of demand for R91 million by the team of liquidators managing the winding up of the corruption-accused Bosasa group. In a stunning change of fortune for the self-proclaimed whistleblower, Agrizzi now become the first of the Bosasa dons to face… Read More
Ex-athletics chief Diack faces court over corruption
8th June 2020
Ex-athletics chief Diack faces court over corruption
AFP – Lamine Diack, the disgraced former head of athletics’ world governing body, goes on trial in Paris on Monday facing a potential 10-year prison sentence on charges of accepting millions of dollars to cover up Russian doping tests. Diack, the Senegalese who was in charge of the International… Read More
Former Tanzanian Senior Health Official Charged With Organising Criminal Gang, Money Laundering
8th June 2020
Former Tanzanian Senior Health Official Charged With Organising Criminal Gang, Money Laundering
Tanzania’s former managing director of state-run Medical Stores Department (MSD) Laurean Bwanakunu on Friday appeared in court charged with five counts, including organizing a criminal gang and money laundering. Bwanakunu and MSD’s acting logistics director Byekwaso Tabura appeared before the Kisutu Resident Magistrate’s Court in the commercial capital, Dar es… Read More
JP Morgan used sham deals, shell firms to launder Amrapali home buyers’ funds to its Mauritian, Singapore entities: ED
5th June 2020
JP Morgan used sham deals, shell firms to launder Amrapali home buyers’ funds to its Mauritian, Singapore entities: ED
Employees of JP Morgan India Ltd, who were on the board of various Amrapali real estate group companies, “laundered” deposits worth Rs 187 crore of home buyers and “diverted” them to the multi-national financial advisory firm’s entities based in Mauritius and Singapore by undertaking sham transactions and using shell companies,… Read More
Libyan Warlord’s Oil Foray Draws U.S., U.N. Scrutiny
5th June 2020
Libyan Warlord’s Oil Foray Draws U.S., U.N. Scrutiny
The U.S. and other powers are investigating suspected efforts by Libyan militia leader Khalifa Haftar to raise funds through oil deals, including with Emirati brokers and Venezuela, according to U.S., European and Libyan officials. The United Nations and the official Libyan government are probing a Dubai-based ship charterer for possibly… Read More
Sudan trade prospects “hopeful” despite precarious political situation
5th June 2020
Sudan trade prospects “hopeful” despite precarious political situation
Sudan remains a difficult place to do business, with a groundbreaking new study uncovering signs of widespread trade misinvoicing across its oil and gold exports. However, despite its precarious economic and political situation, hopes are growing that the country could soon be in a position to open its doors to… Read More
Magnum Opus: sanctions and the secret soldiers of Benghazi
4th June 2020
Magnum Opus: sanctions and the secret soldiers of Benghazi
In August 2019, a report on the Malta Independent – since then removed from the newspaper’s website – revealed reports in the Arab press of a Malta-registered RHIB (rigid-hull inflatable boat), having been found abandoned by Libyan coast guards. The Manta 2, an MRC-1250 RHIB powered by four engines, had… Read More
UK’s National Crime Agency Forfeits US$8M Deposited During Liberia’s Tubman Era
3rd June 2020
UK’s National Crime Agency Forfeits US$8M Deposited During Liberia’s Tubman Era
The National Crime Agency in the United Kingdom has forfeited an amount of US$8million (approx £6.4 million) linked to a Liberian business account in the 1970s. What is not clear is whether the money was deposited prior to the death of Liberia’s 19th President William V.S. Tubman or after. President… Read More
Locorruption reloaded: We reveal Gupta kickback contracts worth R9bn
2nd June 2020
Locorruption reloaded: We reveal Gupta kickback contracts worth R9bn
It is a sheaf of paper just 15mm thick. But the ink on its pages records kickbacks totalling R9-billion paid or pledged to the Guptas and their associates. These pages and offshore banking data tell the story of how Transnet’s ambitious plan a decade ago to renew its locomotive fleet… Read More
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