An Indian-origin former leader of a now defunct Hindu temple in Georgia has been sentenced to 27 years in prison for committing bank and tax frauds, money laundering and using the temple’s income to fund his personal lifestyle. Annamalai (49), also known as Swamiji Sri Selvam Siddhar, was in August last convicted for bank and […]

Banco de Madrid has filed for bankruptcy less than a week after its Andorran parent was accused of money laundering by US authorities. The US Financial Crimes Enforcement Network said last Tuesday that Banca Privada D’Andorra – which holds all of the capital of Banco de Madrid – was a bank of “primary money laundering […]