Featured Monaco

Monaco court upholds case dismissal against art dealer accused of defrauding Russian oligarch

A Monaco court on Wednesday upheld an earlier ruling dismissing a case against a prominent art dealer accused by a Russian oligarch of fraud and money laundering, lawyers for the art dealer said. Monaco’s appeals court in December ordered the closure of a preliminary investigation opened by local authorities into… Read More

U.K.’s Serious Fraud Office Closes Probe Into ABB’s Dealings With Unaoil

The U.K.’s economic crimes watchdog has closed a bribery probe into ABB Ltd. ’s past dealings with oil-services provider Unaoil Group. The country’s Serious Fraud Office began investigating ABB after the European engineering giant disclosed the results of an internal investigation into its business with Monaco-based Unaoil in… Read More

Adel al-Jubeir, the Saudi diplomat who endorsed the $100m donation to Spain’s King Juan Carlos

Adel al-Jubeir, 58, the current Saudi minister of state for foreign affairs, was the authority who allegedly endorsed the origin of the $100 million that was transferred to an account linked to Spain’s then-King Juan Carlos I in Swiss private bank Mirabaud. That’s according to documents from a probe in… Read More
27th March 2020
An information exchange between a Spanish judge and a Swiss prosecutor has shed new light on an ongoing investigation into alleged financial irregularities involving emeritus king Juan Carlos I, the father of Spain’s reigning monarch Felipe VI. Spain’s High Court, the Audiencia Nacional, has been waiting for the Swiss… Read More
11th March 2020
John Wood Group PLC has reserved $46 million to cover costs associated with possible settlements with U.S., Brazilian and Scottish authorities, the oil-field services company said. The settlements would resolve probes by five authorities in three countries, the Wood Group said in an annual investor report on Tuesday. The… Read More
10th December 2019
A Swiss court convicted a Belgian lawyer on Monday of money-laundering and forgery for taking shares now worth more than 60 million Swiss francs ($60 million) from Belgium’s richest family and stashing them in accounts and offshore companies. The unidentified defendant, who denied the charges, was sentenced to 30 months,… Read More
12th September 2019
Police investigating suspected fraud linked to the transfer of Serbian striker Aleksandar Mitrovic to Newcastle United have raided properties in Belgium, Monaco and London, arresting two people including an agent, officials said Wednesday. The probe, which earlier this year saw the Belgian FA headquarters searched, is looking into suspected money-laundering… Read More
31st July 2019
Swiss bank UBS (UBSG.S) has reached a provisional deal with Italian prosecutors to pay 3 million euros ($3.3 million) to settle a money-laundering investigation, two sources said, in a move to end one of its biggest legal headaches in Europe. The bank has been grappling with two separate… Read More
14th July 2017
Monaco’s Colombian striker Radamel Falcao, suspected of tax evasion in Spain, has paid 8.2 million ($9.3 million) to Spanish tax authorities, judicial sources told AFP on Thursday. Falcao is suspected of failing to correctly declare 5.6 million euros of income earned from image rights between 2012 and 2013 while he… Read More
31st May 2017
British oilfield services company John Wood Group plc launched an internal investigation into its dealings with Unaoil, the company said in a prospectus. The SFO opened a criminal investigation of Monaco-based Unaoil last year for suspected bribery. Scotland-based John Wood Group or JWG disclosed the internal investigation in a prospectus… Read More
21st April 2017
Police have arrested a German-Russian citizen on Friday morning on suspicion of carrying out the attack on the Borussia Dortmund team bus last Tuesday, with prosecutors alleging that the bombing was motivated by financial greed. The Dortmund team bus was targeted with three bombs after it left a hotel to… Read More
30th March 2017
A court in London Wednesday dismissed a lawsuit by Unaoil and its controlling family to quash the fruits of a search police in Monaco conducted last year at the request of the UK Serious Fraud Office. The lawsuit alleged the SFO relied on misstatements and omissions when it asked authorities… Read More
5th December 2016
IAAF president Lord Coe's planned reforms of athletics' world governing body have received overwhelming backing from member countries. Read More