30th July 2020
Nordea Asset Management dropped Brazilian meat giant JBS SA from all its funds this month over concerns stemming from the company’s handling of deforestation, corruption charges and employee health and safety amid the coronavirus pandemic. The Helsinki-based money manager made the decision “after a period of engagement with… Read More
29th July 2020
As consumers increasingly turn to online shopping for essential and non-essential goods while at home, fraudsters have adapted their technique to use more sophisticated tactics against consumers, banks and merchants. The situation is tenuous. A recent study from Forter shows fraud attacks increased by 19 percent, globally, from 2018 to… Read More
22nd July 2020
A high court judge has allowed the seizure of a £5m luxury London apartment allegedly bought by a Brazilian businessman using “corrupt funds” linked to the multibillon-dollar Petrobras “Operation Carwash” money-laundering scandal. Judge Johannah Cutts accepted that, as part of an investigation, the Serious Fraud Office (SFO) could… Read More
22nd July 2020
The trial of a former boss of Petroleos Mexicanos threatens to expose years of alleged malpractice at the state oil company and provide a canvas for Mexico’s leftist president to depict rot at the heart of government that he has vowed to clean up. Once a symbol of Mexican self-reliance… Read More
7th July 2020
U.S. prosecutors have charged two sons of former Panamanian President Ricardo Martinelli in connection with bribery and money laundering linked to Brazilian construction firm Odebrecht, according to a federal complaint unsealed on Monday. Luis Enrique Martinelli, 38, and Ricardo Alberto Martinelli, 40, were arrested earlier in the day in Guatemala… Read More
30th June 2020
AP – Victor Stemberger wasn’t about to ignore the emails inviting him into a multimillion-dollar business opportunity, so he pitched himself as perfect for the job. In a way he was — but for all the wrong reasons. The 76-year-old Virginia man, whose family says he has cognitive issues,… Read More
19th June 2020
A former aide to Brazilian President Jair Bolsonaro’s eldest son has been arrested as part of an investigation into alleged corruption. Fabrício Queiroz is suspected of being part of a scheme to embezzle the salaries of phantom employees in the Rio de Janeiro assembly when Flávio Bolsonaro was a state… Read More
8th June 2020
Police stormed a dozen sawmills in Brazil’s Amazon rainforest in a dawn raid on Tuesday, arresting about 30 people accused of involvement in an illegal logging ring. A criminal group behind those arrested spans a web of loggers, sawmill workers, furniture makers and drivers as well as public officials taking… Read More
5th June 2020
A former judge who became the face of Brazil’s anticorruption campaign said he felt forced to step down as justice minister because President Jair Bolsonaro had abandoned the fight on graft that had helped get him elected. “To fight corruption, you need to have a very strong program, including in… 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