Corruption Ledger

UBS nears settlement over Credit Suisse tax evasion case, WSJ reports UBS is set to pay a minimum of hundreds of millions of dollars to settle Credit Suisse’s violations of an earlier agreement with the U.S. Department of Justice over customers in the U.S. who evaded tax, the Wall Street Journal reported on Thursday. A settlement could come as soon…

Nikolay Goltsev, 38, of Montreal, Canada, was sentenced today to 40 months in prison for conspiring to commit export control violations. Goltsev masterminded a global procurement scheme on behalf of sanctioned Russian companies, including Russian military companies. Some of the electronic components shipped by Goltsev were later found in seized Russian weapons platforms and signals intelligence equipment in Ukraine. “Today, Nikolay…

A KLM Boeing 737 traveling from Oslo to Amsterdam was forced to make an emergency landing in southern Norway on Friday evening due to a technical issue shortly after takeoff, Trend reports. The aircraft safely landed at Torp Sandefjord Airport at 7:14 p.m. local time, Norwegian police confirmed. All 182 people on board, including crew members, were unharmed. The flight,…

The Halifax airport was temporarily closed Saturday night after a plane arriving from St. John’s experienced a problem landing, which saw the plane skid down the runway and part of it catch fire. Passenger Nikki Valentine told CBC News that one of the plane’s tires did not deploy properly upon landing. “The plane started to sit at about a 20-degree…

At least 151 people were killed on Sunday after a South Korean passenger jet crashed and burst into flame on landing, according to local authorities, in one of the country’s worst aviation disasters. The Jeju Air flight was returning from Bangkok with 181 people on board when it failed to deploy its landing gear, skidding down the runway before it…

A group of JC Penney bondholders are seeking to re-litigate its Chapter 11 case, claiming that a scandal that has since ensnared one of the country’s top bankruptcy judges tainted the US retailer’s 2020 reorganisation. Eric Moore, a bondholder, described the deal clinched in bankruptcy court as a “multibillion-dollar heist” that improperly handed control of JC Penney to a select…

The head of the World Health Organization said on Friday he was not sure he was going to survive an air strike carried out by Israel a day earlier during a series of attacks on the Iran-aligned Houthi movement. Speaking after his ordeal at the Sanaa International Airport on Thursday, WHO Director-General Tedros Adhanom Ghebreyesus said the explosions that rocked…

NEW YORK – Law enforcement in the US state of New York on Dec 27 released “devastating” footage of prison guards beating a Black inmate shortly before he died. The body-worn camera footage, recorded the night of Dec 9, shows Robert Brooks, 43, brutalised by multiple prison guards, with his face bloodied and neck held. Brooks, an inmate at a…

Vanguard has bowed to regulatory pressure and agreed to new oversight of its investments in some US lenders, a decision that could have sweeping implications for money managers and banks. The deal, which the US Federal Deposit Insurance Corp disclosed on Friday, will allow Vanguard’s funds to continue to be huge shareholders in a wide swath of the country’s banks…

As Israel marks Hanukkah, ceasefire talks with militants in Gaza remain stalled as Israel continues to pound targets in the territory. Among the latest reported victims of the war, a displaced child who froze to death overnight while sheltering in a tent.

Meta is betting that characters generated by artificial intelligence will fill its social media platforms in the next few years as it looks to the fast-developing technology to drive engagement with its 3bn users. The Silicon Valley group is rolling out a range of AI products, including one that helps users create AI characters on Instagram and Facebook, as it…

The Chinese government protested Sunday the latest American announcements of military sales and assistance to Taiwan, warning the United States that it is “playing with fire.” U.S. President Joe Biden on Saturday authorized the provision of up to $571 million in Defense Department material and services and in military education and training for Taiwan. Separately, the Defense Department said Friday that…

Following a comprehensive investigation, the Justice Department announced today that the Mount Vernon, New York, Police Department (MVPD) engages in a pattern or practice of conduct that deprives people of rights secured by the U.S. Constitution and federal law. Specifically, the Justice Department finds that MVPD: Uses excessive force in numerous ways, including by unnecessarily escalating minor encounters and by…

Authorities in two Indian states that are driving its economic growth are drafting tighter workplace rules and inspections to protect white collar employees following the death of a young executive at global consultancy Ernst & Young (EY), which her family blamed on overwork. India’s decades-old labour laws are largely focused on blue-collar workers, leaving others vulnerable to workplace abuse such…

TAIPEI (Reuters) – Taiwan’s defence ministry reported a spike in Chinese military activity around the island on Wednesday, including 53 military aircraft, with Taiwan on high alert over Beijing’s latest pressure campaign. China’s military has yet to comment and has not confirmed it is carrying out any military exercises. China, which views democratically governed Taiwan as its own territory, had…

Ever since the US and its allies imposed sanctions on Russia following the invasion of Ukraine, Western officials have been frustrated by Moscow’s continued ability to get its hands on American technologies to help power its war efforts. Russian weapons recovered from battlefields in the region are chock full of gear from firms like Intel Corp. and Analog Devices Inc.,…