HSBC assist in spotting USD 500 million embezzlement in Angola (not sure what Credit Suisse or Standard Chartered did?) Angolan authorities charged Jose Filomeno dos Santos (Zenu), the son of the former long-time president Eduardo dos Santos, and Valter Filipe da Silva, a former governor of Angola’s central bank, with embezzling USD 500 million. His […]
Read MoreSamsung Heir Jailed for Five Years in South Korean Corruption Scandal
Lee Jae-yong, Samsung’s billionaire heir and South Korea’s third-richest man, was sentenced Friday to five years in prison for his role in a sprawling corruption scandal that has gripped the country and toppled its former president. He was found guilty of bribery, embezzlement, hiding assets overseas, concealing profit from criminal acts and perjury, Al Jazeera reported. Lee, […]
Read MoreMt Gox CEO charged with embezzling £1.7 million worth of bitcoin
The former head of defunct bitcoin exchange Mt Gox, Mark Karpelès, has been charged with embezzlement by Japanese prosecutors, according to reports from the Japanese media. Karpelès is alleged to have embezzled ¥321m (£1.7m) from the bitcoin exchange, which collapsed in 2014 after revelations of a massive shortfall in customer funds. He is alleged to […]
Read MoreVanishing act: how global auditor failed to spot theft of 15% of Moldova’s wealth
One of the world’s leading auditors has been accused of negligence and incompetence after $1bn was siphoned out of Moldova from under its nose – a sum equivalent to 15% of the former Soviet republic’s GDP. Grant Thornton, the UK based accountancy giant with local franchises in dozens of countries, was the auditor for three […]
Read MoreCase over alleged $96 mln embezzlement at VTB bank goes to court
The Russian Prosecutor General’s Office has forwarded a criminal case over alleged embezzlement of 5 billion rubles ($96.4 mln) from the Bank for Foreign Trade (VTB) to court, RIA Novosti reports Thursday citing the authorities. According to the statement, Deputy Prosecutor General Viktor Grin confirmed the indictment of Fyodor Khoroshilov and Gendrik Mundut, who are […]
Read MoreSpanish ruling party’s ex-treasurer granted bail in fraud probe
The former treasurer of Spain’s ruling People’s Party (PP), in jail awaiting trial on charges of money-laundering and other crimes, has been granted provisional liberty with a bail of 200,000 euros ($231,820), a High Court spokeswoman said. Luis Barcenas has been in jail since June 2013 over a long-running corruption investigation which is a source […]
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