Category: Corruption

Barclays sells credit card debt to Blackstone: Profiting from Poverty

Barclays (BARC.L), opens new tab has agreed to sell about $1.1 billion of credit card debt in the United States to Blackstone. Banks globally have been making greater use of credit risk transfers to shed risk from loan portfolios, Reuters has reported, with investors sharing the risk of losses. (See Corporate home buyouts: homelessness, mortgage & rent crisis rising) Barclays’ investment…

Pentagon Has Opened Over 50 Criminal Probes on US Aid to Ukraine

The Pentagon’s inspector general said its criminal investigators have opened more than 50 cases related to aid provided to Ukraine, including some involving contractors, but have yet to firm up any allegations. The investigations, which are at different stages, are looking at issues including “procurement fraud, product substitution, theft, fraud or corruption, and diversion,” the inspector general, Robert Storch, said…

Cuba Cuts Internet, Surveils Calls of Journalists, Report Finds

Madrid — There was a time when activists and journalists who wanted to evade the ever-listening ear of the Cuban government spoke in code or had to meet in European embassies. The arrival of internet and encrypted messaging services offered some respite. But as quickly as technological advances made communicating and reporting on Cuba’s government easier, Havana found ways to…

US Indicts Japanese Crime Boss Takeshi Ebisawa and assiciate Somphop Singhasiri for Alleged Trafficking of Nuclear Materials to Iran

In a significant legal move, authorities in the United States have brought charges against the head of a prominent Japanese criminal organization, accusing him of orchestrating a scheme to traffic nuclear materials from Myanmar, with the intended destination being Iran’s nuclear weapons program. Takeshi Ebisawa, aged 60, stands accused alongside his associate, Somphop Singhasiri, aged 61, of engaging in a…

UK steps up war on whistleblower journalism with new National Security Act

Under a repressive new act, British nationals could face prison for undermining London’s national security line. Intended to destroy WikiLeaks and others exposing war crimes, the law is a direct threat to critical national security journalism. It was the afternoon of May 17 2023 and I had just arrived at London’s Luton Airport. I was on my way to the…

With over half the seats counted, Imran Khan’s supporters lead in Pakistan polls

ISLAMABAD: Independents backed by jailed former prime minister Imran Khan won the most seats in Pakistan’s election on Friday after results from over half the constituencies were announced, leaving political parties trailing. Almost 24 hours have passed since the close of polls and the results have been unusually delayed, which the government ascribed to the suspension of mobile phone services…

DOD Told Pharma Exec the Virus “Posed a National Security Threat” on Feb. 4, 2020

A leaked recording obtained by investigator and writer Sasha Latypova features an executive at the pharmaceutical company AstraZeneca stating the following: It wasn’t a surprise to me when I got a call on February 4th from the Defense Department here in the US saying that the newly discovered Sars-2 virus posed a national security threat. This is an astonishing, major-newspaper…

Former CIA engineer who sent ‘Vault 7’ CIA spying secrets to Wikileaks sentenced to 40 years

A former CIA software engineer was sentenced to 40 years in prison on Thursday after his convictions for what the government described as the biggest theft of classified information in CIA history and for possession of child sexual abuse images and videos. The bulk of the sentence imposed on Joshua Schulte, 35, in Manhattan federal court came for an embarrassing…

Army officials retaliated against whistleblowing staff: report

Two Army Cyber Command officials worked to get an employee fired following his reporting of misconduct and subsequent participation in investigations, the Pentagon’s inspector general found in a report published Wednesday. The IG recommends that the employee be reinstated to his job with backpay, while the Defense Department officials involved “receive appropriate action.” For one of them, that means just…

Iran’s Policies Intensify: From Punishments to Worker Protests

In a disturbing turn of events, an imprisoned Iranian, Mehdi Mousavian, has initiated a hunger strike to protest the Iranian judiciary’s plan to gouge out his left eye as a retribution for allegedly blinding a policeman during a 2017 protest. Mousavian was sentenced in 2019 to retribution-in-kind, for throwing a stone at the policeman’s eye, a sentence he vehemently denies….

China Evergrande liquidation ordered by court

A Hong Kong court has ordered the liquidation of China Evergrande, the real estate firm with more than $300bn (£236.1bn) of debts, amid deepening fears for the territory’s wider corporate health. Justice Linda Chan ruled Evergrande had been unable to offer a concrete restructuring plan to creditors – more than two years after defaulting on a bond repayment and after…

$40m for arms stolen by corrupt officials: Ukraine

KYIV: Employees from a Ukrainian arms firm conspired with defence ministry officials to embezzle almost $40 million earmarked to buy 100,000 mortar shells for the war with Russia, Ukraine’s security service reported. The Ukraine’s SBU said Saturday that five people have been charged, with one person detained while trying to cross the Ukrainian border.If found guilty, they face up to…

Canada Starts Inquiry Into Election Interference by China, Others

Vancouver, British Columbia — An official commission is about to get underway in Ottawa as Canada tries to determine to what extent China and other countries interfered in its last two elections. The investigation also will examine whether Russia and India interfered as well. All three countries have denied the allegations. Former Conservative Member of Parliament Kenny Chiu (Canadian House of…

Morgan Stanley and exec Pawan Passi avoid criminal misconduct prosecution for the price of $249 million

Morgan Stanley will pay $249 million to settle a criminal investigation, as well as a related Securities and Exchange Commission probe. The SEC said the bank generated more than $100 million in illicit profits as a result of misconduct by Pawan Passi, the bank’s former head of its US equity syndicate desk, and another employee.  Morgan Stanley has been under…

Residents of Iceland town ordered to evacuate again as new volcanic fissures pose threat

REYKJAVIK: Residents of the Icelandic fishing town of Grindavik are facing a second evacuation as new volcanic fissures have opened nearby, prompting the National Commissioner of Police to issue an evacuation order, CNN reported. Grindavik, situated approximately 70 kilometres southwest of Reykjavik on the Reykjanes peninsula, had previously been evacuated in November due to heightened seismic activity that culminated in…

German Scientists Met Openly With Wuhan “Batwoman”

Perfectly timed to coincide with Anthony Fauci’s closed-door testimony before the US Congress, a recent bombshell report suggested, based on FOIA’d emails, that Shi Zhengli of the Wuhan Institute of Virology met with Fauci at his National Institute of Allergy and Infectious Diseases (NIAID), outside Washington, in June 2017.  According to the most popular version of the “lab-leak” theory, it is,…