Featured Indonesia

The U.S. is a haven for money laundering. That might be about to change.

The phrase “shell company” conjures images of offshore havens such as Panama or the British Virgin Islands, but one of the world’s leading enablers of financial secrecy is actually the United States. In every state, more personal details and proof of identity are required to get a library card… Read More

North Korean hackers are now stealing U.S. shoppers’ credit card details

Hackers with suspected ties to the North Korean regime are intercepting and stealing U.S. shoppers’ credit card details during online payments. Cybercriminals with links to a state-sponsored unit known as “Hidden Cobra” have been breaking into the websites of “large U.S retailers” and planting “skimmers” since at least May 2019,… Read More

Report: More than 60 countries violated sanctions with North Korea last year

Sixty-two countries violated United Nations Security Council sanctions against North Korea over a one-year period, according to a report from a Washington, D.C.-based think tank The Institute for Science and International Security report, released Wednesday, cites over 250 alleged violations from February 2019 to February 2020 based on… Read More
25th June 2020
The Corruption Eradication Commission (KPK) is tracking the wealth and assets of former Supreme Court secretary Nurhadi Abdurrahman, who is a suspect in a bribery case. Nurhadi and his son-in-law, Rezky Herbiyono, were named as suspects for allegedly accepting nine checks and Rp 46 billion (US$3.2 million) in cash… Read More
18th June 2020
Cayman Islands fintech holding company Achiko has run into “compliance issues” just months after listing on the Swiss stock exchange. The firm has called a meeting of shareholders this week to approve a plan to create a Swiss company and re-list the shares from this entity. But some shareholders are… Read More
11th June 2020
Two retired Navy officials admitted Tuesday to corrupt conduct in the “Fat Leonard” bribery scandal, adding to the nearly two-dozen guilty pleas already entered in the long-running San Diego-based prosecution. Retired Capt. David Williams Haas and retired Chief Petty Officer Brooks Alonzo Parks were indicted separately on the same day… Read More
5th June 2020
OCCRP — A light snow was falling in Craiova, southern Romania, when Sorin Velcu called his mother in December 2018 to ask for 20,000 euros he had given her for safekeeping. But the funds were frozen — buried in the ice-cold earth in her backyard. “Somebody has to dig it out,”… Read More
3rd June 2020
The Corruption Eradication Commission (KPK) has arrested former Supreme Court secretary Nurhadi and his son-in-law Rezky Herbiyono for alleged graft surrounding a private property in South Jakarta. Nurhadi and Rezky were arrested at 9:30 p.m. on Monday evening and have since been detained at the KPK headquarters for questioning, according… Read More
11th May 2020
An Indonesian court on Friday jailed Emirsyah Satar, a former chief executive of Garuda Indonesia (GIAA.JK), for bribery and money laundering related to procurement of planes and engines from Airbus (AIR.PA) and Rolls-Royce (RR.L), his laywer said. Satar’s lawyer Luhut Pangaribuan said his client had been given… Read More
4th March 2020
No one was more surprised to learn that Dimas Prayitno owned a Rolls-Royce than the 21-year-old Indonesian himself, who was baffled when told he owed US$15,000 (S$20,800) in taxes on the luxury vehicle. But a look at the construction worker’s home in a rundown neighbourhood quickly convinced officials that Prayitno… Read More
27th February 2020
A federal judge on Wednesday tossed all bribery charges on which a former executive at French industrial company Alstom SA (ALSO.PA) had been found guilty at trial, a setback for U.S. prosecutors in a case that has tested the scope of an anti-bribery law. The judge let stand the… Read More
4th February 2020
Fallout from the Airbus bribery scandal reverberated around the world on Monday as the head of one of its top buyers temporarily stood down and investigations were launched in countries aggrieved at being dragged into the increasingly political row. Airbus agreed on Friday to pay a record $4 billion in… Read More
3rd February 2020
Airbus SE has long since disbanded the so-called strategy and marketing unit at the center of its record $4 billion bribery settlement, but for years it had quite a heyday. According to documents filed by U.S. prosecutors on Friday, the 150-person team used its $300 million annual budget… Read More