2nd June 2020
Sudanese authorities have begun to recover billions of dollars of real estate illegally amassed by deposed ruler Omar Bashir’s regime, but other assets will be difficult to seize, experts say. “Initial estimates indicate that the real estate and properties owned by the former regime … range (in value) from $3.5… Read More
2nd June 2020
Global commodities trader Trafigura is under investigation by US authorities for alleged corruption and market manipulation relating to oil trading, the Guardian has learned. The Commodities and Futures Trading Commission (CFTC) is leading a far-reaching probe into the activities of the oil and metals trading house, including its… Read More
1st June 2020
OCCRP—A British Virgin Islands-based firm allegedly paid more than US$390,000 in bribes to land a natural gas processing plant construction contract in 2009, Nigeria’s attorney general said in a statement obtained by OCCRP and its Nigerian member center, the Premium Times. In 2012, Process and Industrial Developments (P&ID), an… Read More
1st June 2020
North Korean and Chinese citizens are operating a multibillion-dollar money laundering scheme to help fund the North’s nuclear weapons program, the Justice Department said in an indictment unsealed on Thursday. The case underscores the Trump administration’s inability to halt Pyongyang’s nuclear weapons program through diplomacy. The department charged 28… Read More
29th May 2020
Zimbabwe’s central bank imposed limits on the amounts banks may transfer via a payment platform with 2 million users, as it tries to curtail illicit transactions and money laundering that it claims contributed to a currency rout. In a letter dated May 27 and seen by Bloomberg, the central bank’s… Read More
28th May 2020
The days of individuals hiding their ill-gotten wealth or cash in banks’ safe deposit boxes are numbered. This is after the Central Bank of Kenya (CBK) gave banks until the end of this year to ensure that safe boxes and lockers are free of any dirty cash and illegal items… Read More
28th May 2020
The Paris Court of Appeal on Wednesday found veteran right-wing politicians Patrick and Isabelle Balkany guilty of money-laundering and sentenced them both to jail, sealing the power couple’s fall from grace after a protracted legal battle. The Balkany couple, who for years governed the chic Paris suburb of Levallois-Perret,… Read More
26th May 2020
The 20 private military contractors (PMCs) who were evacuated from war-torn Libya aboard two Malta-leased RHIBs and to Valletta, were aviation experts getting ready to operate assault helicopters, MaltaToday has learnt. A full list of names in this newspaper’s possession clearly shows the men who arrived at the Valletta seaport on the Manta-1 rigid… Read More
25th May 2020
Sudan has confiscated $4 billion (Dh14.6b) worth of assets from former president Omar Al Bashir, the country’s anti-corruption body said. Al Bashir’s decades-long rule came to an end last year when the army moved to remove him as head of state amid nationwide mass protests. Since then, the country has… Read More
25th May 2020
Royal Dutch Shell Plc and Eni SpA won dismissal of a $1 billion U.K. lawsuit brought against them over allegations they knew about bribes in a Nigerian oil deal. A London judge ruled Friday that England has no jurisdiction to try the case as it involves the same… Read More