Embraer deal: India’s enforcement directorate registers money laundering case
16th November 2016
Embraer deal: India’s enforcement directorate registers money laundering case
After India's Central Bureau of Investigation (CBI), the Enforcement Directorate (ED) has now registered a money laundering case to probe the alleged payment of USD 5.7 million kickbacks in the 2008 Embraer aircraft deal. Read More
New Zealand: Murray McCully cleared of corruption over Saudi deal
2nd November 2016
New Zealand: Murray McCully cleared of corruption over Saudi deal
The auditor-general has cleared Foreign Minister Murray McCully of corruption over the $11.5 million Saudi Arabia Food Security Partnership but found “significant shortcomings” in the paper put to Cabinet to support the deal. “I share many New Zealanders’ concerns about the arrangements,” auditor-general Lyn Provost said in her report, released… Read More
U.S. government sanctions Hezbollah operatives, fundraisers
21st October 2016
U.S. government sanctions Hezbollah operatives, fundraisers
The U.S. Treasury moved to disrupt the fundraising and operation of the Iranian-backed Hezbollah group on Thursday, imposing sanctions on four operatives and a firm that have assisted the organization, long seen as a terrorist outfit by Washington. In a related action, the U.S. State Department sanctioned Hezbollah commander Haytham… Read More
Saudi Arabia: Saudis and expatriates face trial for SR14 billion hawala deal
4th October 2016
Saudi Arabia: Saudis and expatriates face trial for SR14 billion hawala deal
A number of Saudis and expatriates face trial for their involvement in money laundering amounting to SR14 billion. The money was transferred abroad through two so-called hawala transactions. Officials of the Bureau of Investigation and Public Prosecution (BIP) said that these are the largest illegal hawala transactions uncovered so far,… Read More
Saudi Arabia: 23 officials charged with corruption
9th August 2016
Saudi Arabia: 23 officials charged with corruption
The Control and Investigation Board here is investigating over 23 cases of corruption in Al-Ahsa Municipality. A source said Dammam Penal Court is looking into the corruption cases which involve 16 suspects in total, three of them directors of departments in the municipality. “The corruption cases wasted SR68 million of… Read More
Saudi Arabia: CMA, FIU raise awareness to curb money laundering
8th August 2016
Saudi Arabia: CMA, FIU raise awareness to curb money laundering
The Saudi Capital Market Authority (CMA) and the General Directorate for Financial Investigation Unit (FIU) in the Ministry of Interior, held a workshop recently to raise awareness of the fight against suspicious transactions at CMA headquarters in Riyadh. The workshop was opened by Turki Almjehd, manager of the Anti Money… Read More
Declassified 9/11 report chapter details Saudi funding of Muslim extremism in U.S.
20th July 2016
Declassified 9/11 report chapter details Saudi funding of Muslim extremism in U.S.
Saudi Arabia was funding Muslim radicalism in mosques and charities at the time the Sept. 11, 2001, hijackers were gathering in the United States and making contacts with Saudi nationals, according to a declassified intelligence document. To jihad watchers, the paper confirms their charges that the Saudi government and its… Read More
Saudi Stocks Regulator Penalizes Deloitte Unit After Tainted IPO
20th June 2016
Saudi Stocks Regulator Penalizes Deloitte Unit After Tainted IPO
Deloitte & Touche Bakr Abulkhair had done auditing for Mohammed Al-Mojil Group, or MMG, which went public in 2008 Read More
Haj official acquitted of corruption charges
25th April 2016
Haj official acquitted of corruption charges
An appeals court has acquitted a senior official in the Saudi Ministry of Haj (pilgrimage) of corruption charges, overturning a previous court sentence to jail him for one year. Read More
Panama Papers: The big names caught up in the Panama Papers scandal
4th April 2016
Panama Papers: The big names caught up in the Panama Papers scandal
Petro Poroshenko, President of Ukraine; Salman bin Abdulaziz bin Abdulrahman Al Saud,  King of Saudi Arabia; Li Xiaolin,  daughter of former Chinese premier Li Peng; Sergey Roldugin, a close friend of Vladimir Putin; Arkady and Boris Rotenberg, also friends of Vladimir Putin; Juan Pedro Damiani, FIFA ethics committee member; Sigmundur David Gunnlaugsson, Prime Minister… Read More
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