Featured India

India: Former Congress MLA Roshan Baig Arrested In Ponzi Scam Case

Roshan Baig, a former Congress minister in Karnataka, was on Sunday arrested by the CBI in connection with the ₹ 4,000-crore IMA ponzi scam. He was produced in a court and sent to 14-day judicial custody. Roshan Baig was summoned to the CBI office and based on “material evidence”, he… Read More

Lashkar-e-Taiba founder guilty on two more charges of terrorism financing

A Pakistani court on Thursday sentenced Islamist leader Hafiz Saeed, founder of Lashkar-e-Taiba (LeT), the militant group blamed by the United States and India for the 2008 Mumbai siege, to 10 years in prison on two charges of terrorism financing, his lawyer said. The sentences for the two charges –… Read More

Interpol’s global operation seizes tons of smuggled wildlife species

By Zdravko Ljubas, OCCRP, 10 November 2020 OCCRP – Law enforcement agencies across the world seized tonnes of protected wildlife and forestry specimens and products, such as ivory, red sandalwood, and turtles, during a month-long Interpol-coordinated operation which saw hundreds of arrests and prompted investigations worldwide. Operation Thunder 2020… Read More
9th November 2020
The Enforcement Directorate (ED) on Saturday said it has conducted searches in a money laundering complaint linked to an alleged land grab and cheating case in Goa. It said the raids were carried out against former Attorney of Comunidade of Serula Angelo C Lobo, his brother Reginaldo Lobo and former… Read More
3rd November 2020
Naming and shaming countries that fail to meet the international community’s anti-financial crime standards is an increasingly popular pastime. The Financial Action Task Force (FATF, the global money-laundering and terrorist-financing watchdog) has long been a proponent and has recently been joined by the EU. The EU has now developed its… Read More
3rd November 2020
The past 12 months have been characterized by a significant increase in regulator activity. At a time of heightened geopolitical tensions, particularly between the U.S. and China, we’re seeing a surge in new sanctions and trade regulations. In recent months, those tensions have hit the headlines thanks to the ongoing… Read More
30th October 2020
The Enforcement Directorate (ED) on Wednesday interrogated former public works minister and senior Indian Union Muslim League leader V K Ebrahim Kunju in the money laundering case against him. Ebrahim Kunju appeared at the ED office here around 11am and the questioning continued till the evening. According to the case,… Read More
29th October 2020
Beam Suntory Inc. has agreed to pay $19.5 million to resolve a criminal probe into bribes the maker of spirits allegedly paid to sell a line of its products in India, the U.S. Justice Department said. The settlement between Chicago-based Beam and federal prosecutors defers a charge that it conspired… Read More
26th October 2020
A global anti-money laundering watchdog kept Pakistan on its monitoring list asking the South Asian nation to improve controls on terrorist financing while lauding authorities for recent progress. The Financial Action Task Force strongly urged Pakistan to complete its action plan by February, following a three-day meeting. Pakistan has largely… Read More
22nd October 2020
Altaf Khanani was considered one of the world’s most-wanted money launderers. The Pakistani fraudster was involved in the illicit international movement of money between countries like Pakistan, the United Arab Emirates, the US, the UK, Canada and Australia. His organization also moved money for drug cartels and terrorist groups such as Hezbollah and al-Qaida. After a massive hunt… Read More
20th October 2020
The Enforcement Directorate (ED) on Saturday filed a charge sheet in a Delhi court against former AAP councillor Tahir Hussain in a money laundering case related to the communal violence in northeast Delhi in February. Additional Sessions Judge Amitabh Rawat took cognisance of the offences under section 3 (money laundering)… Read More
14th October 2020
AP – An anti-corruption watchdog on Tuesday ranked the United States and United Kingdom as the largest exporters most active at enforcing rules meant to prohibit companies from paying bribes in foreign markets, but said many others are doing next to nothing. Berlin-based Transparency International said only four of… Read More
7th October 2020
The Enforcement Directorate (ED) has arrested Anil Khandelwal, CFO of Cox and Kings Group (CKG) and Naresh Jain, Internal Auditor of Cox and Kings Group under section 19 of the Prevention of Money Laundering Act, 2002 (PMLA) for alleged money laundering. Following their arrest on October 6, both the accused… Read More