United Kingdom: Rolls-Royce to post record loss on bribery fine, weak pound
Feb 14, 2017 08:00 pm
British aero-engine maker Rolls-Royce (RR.L) is set to report a full-year loss of around 4 billion pounds on Tuesday, the biggest in its history, reflecting a fine for bribery and the collapse in the pound. Rolls-Royce has faced challenges across...
New Zealand: 1MDB-linked Malaysian financier Jho Low’s private jet shines light on New Zealand’s murky trusts
Feb 14, 2017 07:30 pm
Feb 14, 2017 07:30 pm
A flamboyant Malaysian financier linked to an international money-laundering probe has laid bare New Zealand’s surprising appeal as a destination for the ultra-rich to park their wealth. Family members of Low Taek Jho, who is suspected by US officials of...
Malaysia: MACC: Certain civil servants still golfing overseas on ‘sponsored’ trips
Feb 14, 2017 07:00 pm
Feb 14, 2017 07:00 pm
The Malaysian Anti-Corruption Commission (MACC) says certain civil servants are still going for golfing trips overseas, sponsored by those with vested interests. Without divulging any names, its deputy chief commissioner (operations) Datuk Azam Baki said investigations on the civil servants...
Brazilian President Michel Temer on Monday dismissed criticism that he promoted a close aide to shield him from prosecution and vowed to dismiss any minister indicted for corruption. Although he did not mention the aide by name, the statement by...
Nigeria recovered more than $160 million in alleged corruption proceeds last week from four people, including $9.2 million from a former head of the state-owned oil company, said Information Minister Lai Mohammed. “The biggest amount of $136.7 million was recovered...
Senior officials need to “build a fence” to ensure neither they nor those around them abuse power, and must practice greater self-discipline, state media cited President Xi Jinping as saying as he drives home his anti-corruption message. Since assuming office...
Panama: Panama detains Mossack Fonseca founders on corruption charges
Feb 13, 2017 08:00 pm
Feb 13, 2017 08:00 pm
The two founders of Panamanian law firm Mossack Fonseca were arrested on Saturday (February 11 2017), the attorney general’s office said, after both were indicted on charges of money-laundering in a case allegedly tied to a wide-ranging corruption scandal in...
ABB (ABBN.S) said it was cooperating with anti-fraud authorities in the United States and Britain and had reported past dealings with Monaco-based engineering and construction group Unaoil, including alleged improper payments to third parties. The Serious Fraud Office in Britain...
Samsung Group leader Jay Y Lee appeared at the South Korean special prosecutor’s office on Monday for questioning as part of a wider investigation into an influence-peddling scandal that could topple President Park Geun-Hye. Mr Lee is accused of pledging...
Ex-American International Group Inc. Chief Executive Officer Maurice “Hank” Greenberg admitted to taking part in two deals to make the insurer’s financial condition look better than it was as part of a $9.9 million settlement with New York that has...
Peruvian President Pedro Pablo Kuczynski’s approval rating dropped five percentage points for the second month in a row in February, as a widening graft scandal entangled his former boss, an Ipsos poll showed Sunday. Only 38 percent of Peruvians now...
Another Chinese corruption suspect who had fled to the United States has given herself up and returned home, the ruling Communist Party’s anti-graft watchdog said on Friday(February 10 2017), in a further victory for China’s overseas hunt for fugitive...
Italy: Eni backs CEO after prosecutors ask for trial over Nigeria
Feb 10, 2017 08:00 pm
Feb 10, 2017 08:00 pm
Italian oil major Eni has backed CEO Claudio Descalzi after sources said on Wednesday prosecutors had asked for him to be sent to trial over alleged corruption in Nigeria. “The Board of Directors confirms its total confidence… Descalzi was not...
A Chinese court has jailed the former chief of one of the country’s largest state-owned automakers for 11-1/2 years for graft, China Central Television (CCTV) said on Thursday. Xu Jianyi, the former chairman and party secretary of China FAW Group...
Saudi Arabia: Saudi Anti-Corruption Commission asked to create database on cases
Feb 10, 2017 07:00 pm
Feb 10, 2017 07:00 pm
A Shoura Council member called on the National Anti-Corruption Commission (Nazaha) to create a database on cases of corruption in the Kingdom. Shoura Council memberson Wednesday listened to a report presented by the Committee on Human Rights and Regulatory...
Colombian President Juan Manuel Santos on Wednesdaycalled for a thorough investigation of allegations his 2014 re-election campaign may have received $1 million from a Brazilian firm embroiled in a wide-ranging corruption scandal. Attorney General Nestor Humberto Martinez has said...
Romanian Justice Minister Florin Iordache resigned on Thursday after a decree on corruption that he drafted triggered a week of street protests, international criticism and finally an embarrassing climbdown by the month-old government. The decree would have effectively shielded dozens...
Somalia: New Somalia’s president vows to crack down on corruption, al-Shabaab militants
Feb 10, 2017 05:30 pm
Feb 10, 2017 05:30 pm
Former Somali prime minister Mohamed Abdullahi Mohamed, who holds joint American citizenship, was elected presidenton Wednesday, vowing to crack down on corruption andto crack down on corruption. The 55-year-old former premier, whose hails from the Darod clan and who...
Spain: Ex-IMF chief Rato, already in dock, accused of ‘tax fraud’
Feb 09, 2017 08:00 pm
Feb 09, 2017 08:00 pm
Former IMF chief Rodrigo Rato stands accused of tax fraud carried out in Spain over more than a decade, according to a report on Wednesday. Rato failed to declare “a little more than 14 million euros (15 million dollars) in...
Senior U.S. senators called on Wednesday for the right to review any move the White House might make to ease sanctions on Russia, amid mounting concern in Congress – and among U.S. allies – that President Donald Trump will be...
Pakistan: Nawaz Sharif’s daughter Maryam Nawaz denies UK visit linked to Panama Papers
Feb 09, 2017 07:00 pm
Feb 09, 2017 07:00 pm
Pakistan Prime Minister Nawaz Sharif’s daughter Maryam Nawaz on Thursday dismissed as “ridiculous” reports that her week-long UK visit was linked to Panama Papers leaks case, a major legal battle that could alter the premier and his family’s political future....
A Guatemalan Supreme Court judge was arrested on Wednesday accused of influence trafficking, prosecutors said, in the latest anti-corruption drive in the Central American country. Blanca Stalling was walking in the capital, Guatemala City, when she was arrested while wearing...
PayPal Holdings Inc.’s anti-money laundering program received subpoenas for information from the U.S. Department of Justice, the company said Wednesday in a filing. PayPal shares dipped as much as 2.8 percent in extended trading after closing at $40.88. “We are cooperating...
China’s ruling Communist Party on Wednesday said it was punishing a former civil affairs minister and an ex-deputy for dereliction of duty, after finding that systemic corruption problems plagued the ministry they ran. Former minister Li Liguo and former vice...
South Korea: Samsung Group to disband its corporate strategy office after probe ends
Feb 07, 2017 08:00 pm
Feb 07, 2017 08:00 pm
Samsung Group said it will disband its corporate strategy office after a special prosecution probe ends, setting a timeline on a pledge to wind up a power center that has been criticized for its role in South Korea’s graft scandal....
Singapore: Singapore seizes jet of Malaysian tycoon in center of 1MDB scandal: Reports
Feb 07, 2017 07:30 pm
Feb 07, 2017 07:30 pm
A private jet belonging to Malaysian tycoon Low Taek Jho — who is under investigation for his involvement in the scandal-hit Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB) – has been seized by Singapore authorities, media in both Singapore...
Two men were sentenced to lengthy US prison terms on Monday for conspiring to launder US$250 million earned by manipulating shares of over 40 companies, including little-known Cynk Technology Corp, whose value soared past US$6 billion. Gregg Mulholland, a dual...
Papua New Guinea: PNG ministers suspended amid inland naval base corruption scandal
Feb 07, 2017 06:30 pm
Feb 07, 2017 06:30 pm
Papua New Guinea’s Prime Minister has suspended two senior ministers and established a commission of inquiry into a $31 million corruption scandal over the relocation of Port Moresby’s naval base. The Minister for State Enterprise William Duma and the Defence...
China will prosecute a former high ranking official in its secret police for suspected bribery, the state prosecutor said on Monday, taking a step that will almost certainly result in a conviction. Ma Jian, once a vice minister at China’s...
The CBI on Monday said it has registered a case against a commissioner of Income Tax (Appeals) in Delhi, his wife and other unidentified persons on charges of amassing illicit assets worth Rs 4.28 crore. The premier investigation agency booked...
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