Goldman’s Star in Hong Kong Turns Into 1MDB Scandal’s Enigmatic Man
19th August 2019
Goldman’s Star in Hong Kong Turns Into 1MDB Scandal’s Enigmatic Man
Andrea Vella was Goldman Sachs’s top dealmaker in Hong Kong. He had a nose for splashy trades, a fondness for the Bentley Continental, and a vague enough resemblance to George Clooney that there was even a joke among some bankers: “What would George do?” That was almost a year ago. Read More
Mining Tycoons Take to Court to Stall U.K. Corruption Probe
14th August 2019
Mining Tycoons Take to Court to Stall U.K. Corruption Probe
Kazakh mining company Eurasian Natural Resources Corp. asked a British court to stall the U.K.’s pursuit of corruption charges following a six-year bribery investigation. ENRC, once listed on the FTSE 100 Index, asked London’s High Court in a filing this month to force the Serious Fraud Office to withhold… Read More
French-Israeli diamond magnate to face trial in Geneva
13th August 2019
French-Israeli diamond magnate to face trial in Geneva
French-Israeli diamond magnate Beny Steinmetz will go on trial in Geneva over his alleged role in a corruption scandal involving mining deals in Guinea, Swiss prosecutors said Monday. Geneva prosecutor Claudio Mascotto, in charge of an investigation that began in 2013, has opened a case against the businessman and two… Read More
Mozambique Indicts 20 People Over $2 Billion Hidden-Debt Scandal
12th August 2019
Mozambique Indicts 20 People Over $2 Billion Hidden-Debt Scandal
Mozambique charged 20 people, including the son of former President Armando Guebuza, over a fraud scam in which state-owned companies contracted $2 billion in debt for dubious projects. Legal action may follow against former finance minister Manuel Chang, who Mozambican authorities as well as the U.S Justice Department want… Read More
Son of Congo-Brazzaville president accused of siphoning off $50m
8th August 2019
Son of Congo-Brazzaville president accused of siphoning off $50m
The son of Congo-Brazzaville’s president has misappropriated $50m (£41m) of public money by routing it through shell companies and secrecy jurisdictions, according to a new investigation. Six countries in the EU, the US state of Delaware and the British Virgin Islands all played a key role in Denis Christel Sassou-Nguesso’s… Read More
Standard Chartered Trains Tellers to Help Fight Wildlife Crime
7th August 2019
Standard Chartered Trains Tellers to Help Fight Wildlife Crime
Poachers beware: Standard Chartered Plc is coming for you and is urging other banks to do the same. The lender is training bank-branch tellers to spot transactions that could be linked to the illegal wildlife trade and has made them a focus for its financial-crime investigators, said Kweku Bedu-Addo,… Read More
Tanzania charges journalist, rights groups say case politically motivated
6th August 2019
Tanzania charges journalist, rights groups say case politically motivated
An investigative journalist in Tanzania has been charged with money laundering, tax evasion and assisting a criminal racket, according to a court document seen by Reuters, charges his lawyer and rights groups said were politically motivated. Rights groups say press freedom in Tanzania has drastically deteriorated since the election in… Read More
Mozambique to fight for extradition of former finance minister over debt scandal
1st August 2019
Mozambique to fight for extradition of former finance minister over debt scandal
Mozambique’s government is to fight for the extradition from South Africa of former finance minister Manuel Chang, who the United States is seeking to put on trial, according to a letter from a law firm seen by Reuters. Chang has been in custody in South Africa since his arrest in… Read More
South Africa’s Public Protector Flagged by HSBC in Connection to Guptas
31st July 2019
South Africa’s Public Protector Flagged by HSBC in Connection to Guptas
South Africa’s public protector Busisiwe Mkhwebane, who heads the country’s top anti-corruption body, was flagged by global banking giant HSBC as having financial links to the infamous Gupta family, according to banking records leaked to OCCRP. The Guptas are at the center of South Africa’s Judicial Commission of Inquiry… Read More
Money laundering spikes in Japan as global crime moves in
30th July 2019
Money laundering spikes in Japan as global crime moves in
Japanese police have uncovered a record number of money laundering cases, some of which involved international criminal networks using bank accounts in the country, a new report shows. Incidents of money laundering rose about 40% on the year to 511 in 2018, topping 500 for the first time in data… Read More
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