Featured Monaco

Two arrested in transfer fraud raids in Belgium, Monaco, London

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

UBS close to settling in Italy money-laundering probe: sources

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

Colombian striker Radamel Falcao pays € 8.2 million to Spanish authorities in tax evasion case

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
16th June 2016
The Monaco-based oil company at the centre of a global bribery scandal used a network of offshore accounts and companies to shift funds under the noses of authorities. The movement of funds around the world by Unaoil – now at the centre of international police probes into allegations it paid bribes – provides a rare… Read More
14th June 2016
Monaco-based oil services company Unaoil said on Tuesday it was launching legal action against Australia's Fairfax Media group, publisher of the Sydney Morning Herald, over reports linking it to corrupt practices involving big oil companies. Read More
19th May 2016
Unaoil, a Monaco-based oil-services company, denied allegations posed by Fairfax Media and The Huffington Post that it was at the center of a multi-billion dollar bribery scheme and claimed it was the victim of extortion. Read More
17th May 2016
Monaco-based oil services company Unaoil has denied a media report linking it to corrupt practices involving big oil companies, saying it has been the victim of an extortion attempt by unidentified criminals. Read More