Bribery and Corruption    

Ex-U.N. leader John Ashe and Macau Billionaire indicted in bribery case

John Ashe, a former president of the U.N. General Assembly, a billionaire real estate developer and three others were indicted on Tuesday in an alleged bribery scheme. Ng Lap Seng, chairman of the Sun Kian Ip group, also indicted, has been granted bail. 

CNN, 20 October 2015

Bloomberg Business, 16 October 2015

Germany World Cup 2006: Bribery allegations being 'monitored'

German prosecutors say they are "monitoring" claims of bribery relating to the country's successful bid to host the 2006 World Cup using a £4.9m fund. The German Football Association (DFB) deny the allegations. 

BBC, 19 October 2015

China's anti-corruption watchdog targets aviation industry

China's anti-corruption watchdog has said in a series of inspection reports of central government agencies and conglomerates that senior Chinese airline officials misused company funds, took bribes and accepted golf outings as gifts. 

Reuters, 19 October 2015

Romanian prosecutors ask parliament to lift ex-ministers immunity in $3.8 million bribe case

The anti-corruption prosecutors' office want Parliament to lift the immunity of Elena Udrea, a former tourism minister, so she can be arrested on suspicion of bribery and money laundering. 

Star Tribune, 20 October 2015

U.S. Probe Finds Wal-Mart Bribed Officials in India

A three-year long investigation by the U.S. government found evidence that Wal-Mart Stores Inc. paid bribes to local officials in India, comprising thousands of small payments to low-level officials. 

Bloomberg Business, 19 October 2015

Brazil's Opposition to File Key Request to Impeach Rousseff

A group of high-profile lawyers, including a former member of the ruling Workers' Party, will file a request on Wednesday to begin impeachment proceedings against Brazilian President Dilma Rousseff, alleging she continued to doctor fiscal accounts this year. 

Bloomberg Business, 20 October 2015

Cyber Crime

Ex-U.S. agent gets six years for bitcoin theft in Silk Road probe

Carl Force, a former U.S. Drug Enforcement Administration agent, was sentenced to 78 months in prison for stealing bitcoins during the government's investigation of Silk Road and for secretly soliciting payment from the operator of the online black market for information on its probe. 

Reuters, 19 October 2015

'Whale' finance fraud hits businesses

Cyber-thieves are stealing millions of pounds, with a scam based around faking email messages from company bosses that ask finance staff to rush through a payment to a 'supplier'. US tech company Ubiquiti Networks has lost £30m to this scam. 

BBC, 19 October 2015

TalkTalk Cyber-attack

The TalkTalk website is said to have been the victim of a "significant and sustained cyber-attack".

TalkTalk has stated that banking details and personal information could have been accessed. 

BBC, 23 October 2015

Money Laundering

BTA Bank Says New York Developer Helped Launder Stolen Money

BTA Bank JSC accused developer Joseph Chetrit of using New York real estate investments to help launder $40 million of stolen money from Kazakhstan. 

Bloomberg Business, 14 October 2015

The Federal Government Begins Trial of Ex-Governor Ohakim Charged with N270m Money Laundering

The Federal Government on Tuesday commenced the trial of a former Governor of Imo State, Ikedi Ohakim, charged with money laundering. 

The Street Journal, 20 October 2015

Putin Allies Said to Be Behind Scrutinized Deutsche Bank Trades

The U.S. Department of Justice is investigating whether Germany’s biggest bank properly vetted as much as $6 billion in transactions that may have masked the flow of money out of Russia. 

Bloomberg Business, 16 October 2015


Ex-Rabobank trader says he submitted 'crazy' Libor numbers to help traders

Robson, 46, a former Rabobank trader, testified at the trial of former colleagues Anthony Allen and Anthony Conti that, despite misgivings, he and others routinely made Libor submissions that he considered to be "crazy" and "obscene" in order to help the traders. 

Reuters, 19 October 2015

Dewey Jury Can't Decide Remaining Counts in Firm Fraud Case

The Manhattan jury remains deadlocked on fraud and larceny charges against former chairman Steven Davis, former executive director Stephen DiCarmine and former chief financial officer Joel Sanders of Dewey & LeBoeuf LLP. 

Bloomberg Business, 20 October 2015

Bank of Italy Governor Investigated in Banca Spoleto Prove

Bank of Italy Governor Ignazio Visco is under investigation in a probe regarding the 2013 placement of Banca Popolare di Spoleto SpA in special administration. Prosecutors in the central Italian town of Spoleto are investigating Visco for alleged corruption, fraud and abuse of office. 

Bloomberg Business, 20 October 2015

Singapore City Harvest megachurch leaders guilty of fraud

Six leaders of a huge Singaporean church have been convicted of fraud in a case worth £23 million. 

BBC, 21 October 2015


Starbucks and Fiat Told to Repay Tax as EU Sets up Apple Clash

Starbucks Corp. and a Fiat Chrysler Automobiles NV unit must each pay as much as 30 million euros ($34 million) in back taxes after the European Union said they were handed illegal fiscal deals by the Netherlands and Luxembourg. 

Bloomberg Business, 21 October 2015


U.S. and EU Mark Adoption Date Under the JCPOA

On 18 October 2015, the United States and the European Union recognised "Adoption Day" under the Joint Comprehensive Plan of Action (the Iran nuclear agreement). Adoption day is the day on which the U.S. and EU formally announced their plans to relax certain Iran sanctions at a future date. 

Fried Frank, 20 October 2015

Credit Agricole to pay $787m over sanctions-busting – US authorities

US authorities say a subsidiary of Credit Agricole has agreed to pay a multi-million dollar fine over allegations that it violated sanctions against Iran, Sudan and other countries. 

Euronews, 20 October 2015

Health & Safety

Ferry operator fined £200,000 after deckhand was killed in a mooring rope accident

The former operator of the Woolwich Ferry has been fined £200,000 and ordered to pay costs of £200,000 for failing to ensure the health and safety of a 19 year old deckhand who was dragged to his death in a mooring rope accident. 

Evening Standard, 21 October 2015

Test centres caught rigging construction safety exams

The Construction Skills Certification Scheme is seen as a benchmark for construction workers in relation to their skills and grasp of health and safety. A joint investigation conducted by BBC London/Newsnight has revealed widespread cheating by test centres, providing answers to construction workers and guaranteed passes for cash. 

BBC News, 21 October 2015


Porsche Manipulation Trial Kicks Off Amid VW Emissions Mess

Former Porsche CEO Wendeling Wiedeking and CFO Holger Haerter are scheduled to go to trial on Thursday for their role in the failed takeover of Volkswagen in 2008. 

Bloomberg Business, 21 October 2015