Swiss police arrested on Monday two executives in connection with a lawsuit launched by the Venezuelan state oil company PDVSA against a group of partner companies, claiming they had stolen billions in oil revenues from Venezuelans, the Washington Postreported.
Kenya’s anti-corruption authorities say they will retrieve close to US$3.7million that was taken illegally by former Kenya Power officials, The Standard reported Friday.
The Tax Justice Network released their Financial Secrecy Index on Tuesday, ranking Switzerland and the United States as the top two countries most attractive for tax evaders and money launderers. This is the second time in a row that the US has risen on the index, marking a fall in terms of transparency.
A wealthy Israeli businessman who was implicated in the Paradise Papers leak is being investigated by the Department of Justice for allegedly bribing high-ranking officials in the Democratic Republic of Congo, the Guardian reported Sunday.
The Office of the Attorney General of Switzerland (OAG) announced on Thursday it is investigating the former head of Paris Saint-Germain (PSG) football club and beIN media agency and a former FIFA top-level executive over allegations of corruption.
The aide of former president Goodluck Jonathan and three other Nigerian ex-officials have been named in a massive US$ 20 million Swiss bribery scandal, media reported Sunday.
The anti-corruption prosecutor in charge of investigating members of Spain’s ruling party resigned Thursday after media claimed that he holds a 25 percent stake in an offshore company in Panama.
The Swiss Leaks saga - a giant tax evasion scheme revealed in 2015 by a whistleblower - continued Wednesday with French newspaper Le Monde’s claim that three Malian Catholic Church leaders have bank accounts in Switzerland with € 12 million on them.
French authorities questioned former FIFA president Sepp Blatter as part of a corruption probe into FIFA’s vote for Russia and Qatar to host respectively the the 2018 and 2022 World Cups, Le Monde reported Thursday.
A Brooklyn federal judge on Monday ordered Brazil’s engineering giant Odebrecht to pay a US$2.6 billion fine to Brazil, Switzerland, and the U.S. after the company admitted in December to running a vast bribery operation, the BBC reported.
The Hong Kong Monetary Authority (HKMA) fined the private British bank Coutts HK$ 7 million (US$ 900,000) Tuesday for breaching anti-money laundering rules, after the bank had been hit with similar fines in Switzerland and Singapore for its connection to Malaysia’s 1MDB scandal.
Italian authorities seized on Monday assets worth €20 million from a family accused of extortions, racketeering and counterfeiting cigarettes and oil in the city of Naples.
Dutch and British authorities launched Friday major investigations into money laundering and tax evasion, coordinating raids in five countries and arresting two people linked to a Swiss bank.
Greece’s chief corruption prosecutor, Eleni Raikou, resigned this weekend after being targeted by "unofficial power centers" over her investigation into alleged bribery of state officials by a Swiss pharmaceutical company.
The Swiss branch of German printing press manufacturer Koenig & Bauer has agreed to pay a fine of 35 million Swiss francs (US$ 34.74 million) to end a corruption probe, Swiss authorities said.
Swiss prosecutors announced Thursday that they are investigating whether private bank Lombard Odier failed to prevent the daughter of former Uzbek president Islam Karimov from laundering money.
Swiss engineering company ABB accused on Wednesday an executive at its South Korean subsidiary responsible for ethics training of leading a "sophisticated criminal scheme" to steal millions.
Swiss financial authorities have ordered Scottish bank Coutts & Co. Ltd to pay back 6.5 million Swiss francs (US$ 6.57 million) of illegal profits made from transactions involving 1Malaysia Development Bhd (1MDB), the government-owned sovereign wealth fund embroiled in a corruption scandal.
The third cabinet minister to step down under the administration of interim President Michel Temer had a secret Swiss bank account, according to evidence presented by Attorney General Rodrigo Janot to Brazil’s Supreme Court.
Swiss prosecutors have charged an ex-Credit Suisse wealth manager with fraud, misappropriation and criminal mismanagement, Bloomberg reported. The bank also faces a money laundering probe in Italy, Reuters said.
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