One of the largest American investment banks, Goldman Sachs, reported a 24.8 percent drop in fourth quarter profits on Wednesday, which is likely connected to its involvement in the 1Malaysia Development Berhad (1MDB) scandal.
Indian tycoon Vijay Mallya was arrested in the UK on Tuesday for the second time this year on behalf of Indian authorities who allege that he diverted a state loan meant for his ailing airline carrier to support his Formula 1 team, the Guardian reported.
A Lithuanian man accused of conning Google and Facebook out of over US$ 100 million through an email fraud scheme pleaded not guilty in a US court on Thursday, Reuters reported.
Nearly four years after she was put under house arrest, Uzbekistan authorities explained on Friday for the first time what the daughter of late President Islam Karimov has been convicted of and announced additional charges.
The former deputy speaker of Bulgaria’s Parliament, Hristo Bisserov, has been found innocent of charges including tax evasion, breaking the law on foreign currency transactions, and submitting incorrect information to the National Audit Office.
Three subcontractors for a St Petersburg-based company that took 600 million rubles (US$ 9.5 million) in arms contracts were found to have neither offices nor production facilities, according to an audit by Russia's Chief Military Prosecutor's Office and reported in the Novaya Gazeta.
A court has rejected the appeal by six executives of the embattled Romanian subsidiary of oil giant Lukoil against an indictment for money laundering and tax evasion.
And get our latest investigations on organized crime and corruption
delivered straight to your inbox.