Category: government corruption

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 several court hearings over the lack of a restructuring plan. “It is time for the court to say enough is…

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 12 years in prison. The investigation comes as Kyiv attempts to clamp down on corruption in a bid to speed…

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 investigation by the SEC since 2019 over its handling of block trades (a business that the bank dominates), and the…

Gonzalo Lira, a prominent commentator on the Russia-Ukraine war imprisoned in Ukraine for speech critical of the country’s government, has died after weeks of medical neglect by Ukrainian authorities. Chilean-American war commentator Gonzalo Lira died shortly before noon on January, 11, 2024 at a hospital in Kharkiv, where he had been imprisoned for eight months since he was accused of justifying Russian war efforts in Ukraine. Lira came to prominence in 2022 when he emerged as a critical voice in…

Earth last year shattered global annual heat records, flirted with the world’s agreed-upon warming threshold and showed more signs of a feverish planet, the European climate agency said Tuesday. In one of the first of several teams of science agencies to calculate how off-the-charts warm 2023 was, the European climate agency Copernicus said the year was 1.48 degrees Celsius (2.66 degrees Fahrenheit) above pre-industrial times.That’s barely below the 1.5 degrees Celsius limit that the world hoped to stay within in…

Bottled water has been found to contain hundreds of thousands of tiny plastic particles, the vast majority of which are nanoplastics (<1μm in length), according to new research. Nanoplastics are thought to be more toxic to humans because their small size means they can pass more easily from the gut into the body than microplastics (1μm to 5mm in length). However, there is a gap in understanding the effects of these tiny particles on organisms due to the challenges associated…

A Marine veteran held hostage in Iran for more than four years has filed a federal lawsuit against the Department of Justice after FBI allegations reversed a decision that had awarded him $20 million from a fund for victims of state-sponsored terrorism. Attorneys for Amir Hekmati filed the federal civil lawsuit on Dec. 19. They claimed that Hekmati has been denied his due process rights to counter claims made by the FBI and they challenged the decision of the special…

Court documents related to disgraced financier Jeffrey Epstein are expected to be released soon with many names that were previously redacted, and prominent figures on the right are holding up the impending disclosures as evidence of wrongdoing by Democrats despite a lack of concrete information about what they will show. Most of the names being made public – currently cited as John Does – have previously been identified in other court documents or in news reports as having been associated…

Attorneys for the Securities and Exchange Commission apologized to a judge on Thursday for misrepresenting facts used to secure a restraining order and asset freeze against a crypto firm. In a filing submitted to the U.S. District Court of Utah, in response to the judge’s order to show cause for its misstep, the SEC attorneys wrote that the commission “deeply regrets these orders” and promised to conduct mandatory training for staff members involved in the investigation. “I fully appreciate the…

The U.S. on Wednesday announced what officials say could be the final package of military aid to Ukraine unless Congress approves supplemental funding legislation that is stalled on Capitol Hill. The weapons, worth up to $250 million, include an array of air munitions and other missiles, artillery, anti-armor systems, ammunition, demolition and medical equipment and parts. The aid, provided through the Presidential Drawdown Authority, will be pulled from Pentagon stockpiles. In a statement, Marine Lt. Col. Garron Garn, a Pentagon spokesman said there is…

Latvia’s former central bank governor was sentenced to six years in prison for bribery on Wednesday after a trial over the most prominent of a series of recent financial scandals to hit the Baltic country. Ilmārs Rimšēvičs, head of the Latvian central bank from 2001 until 2019, was found guilty by the Riga district court of accepting bribes and a fishing trip to Russia from shareholders of a now defunct bank. He was sentenced to six years in jail and…

Canada Issues Travel Advisory on U.S. Trips Over Abortion, LGBTQ Rights Concerns In a notable move, Canada has issued a travel advisory for its citizens, bringing attention to concerns over state-level policies affecting abortion and LGBTQ rights in the United States. This advisory emerged after the U.S. Supreme Court’s landmark decision to overturn Roe v. Wade, a ruling that has been regarded as a cornerstone of women’s rights in the country for decades. Behind the Advisory The advisory took 71…

Obama-appointed DC district judge Beryl Howell sidestepped the First Amendment by finding Rudy Giuliani guilty of defaming two Georgia election workers before trial for allegedly “not complying with his discovery obligations” and now she’s ordering him to pay $148 million in damages immediately because he’s “unlikely” to have the jury verdict overturned on appeal. Just as we saw with the Colorado Supreme Court unilaterally disqualifying Trump from the 2024 election ballot, every basic tenet of our justice system is being…

Negotiators are convening this week in Nairobi for the latest round of talks aimed at creating a new scientific panel to advise the world’s governments on how to tackle chemical waste. But as the talks get underway, concerns have been voiced about potential conflicts of interest that could undermine the panel. The warning comes as efforts to agree a global treaty on plastic pollution appear to have been delayed by vested interests. The UN wants its new panel on chemical…

TALLINN: Russian police have put prominent Russian-American journalist and author Masha Gessen on a wanted list after opening a criminal case against them on charges of spreading false information about the Russian army. It is the latest step in an unrelenting crackdown against dissent in Russiathat has intensified since the Kremlin invaded Ukraine more than 21 months ago, on Feb.24, 2022. The independent Russian news outlet Mediazona was the first to report Friday that Gessen’s profile has appeared on the…

A U.S. senator revealed today that government agencies worldwide demand mobile push notification records from Apple and Google users to spy on their customers. These revelations come after U.S. Senator Ron Wyden, who serves on the Senate Intelligence Committee, sent a letter to the Department of Justice warning that various governments around the world have been requesting push notification data from two major tech companies. The goal of these requests is likely to gain access to data required to link…