Category: Corruption

A judge in Peru has lengthened the duration of former President Pedro Castillo‘s pre-trial detention from 18 months to 36, as the disgraced head of state faces charges stemming from his attempt to dissolve Congress and rule by decree in December. On Thursday, Judge Juan Carlos Checkley handed down the decision in the wake of an additional investigation announced in February. Prosecutors at the time formalised plans to probe Castillo’s short tenure in office, on charges of influence peddling, organised crime and acting as an accomplice to collusion.

ASIC has announced six of Australia’s largest banking and financial services institutions have paid or offered to pay a total of $4.7 billion in compensation to customers who suffered loss or detriment because of fees for no service misconduct or non-compliant advice. AMP, ANZ, CBA, Macquarie, NAB and Westpac all undertook the review and remediation programs to compensate affected customer as a result of two major ASIC reviews. ASIC commenced the reviews to look into the extent of failure by the institutions to deliver ongoing advice services to financial advice customers who were paying fees to receive those services and how effectively the institutions supervised their financial advisers to identify and deal with “non-compliant advice”.

Police in Canada said on Thursday they are investigating allegations that two Montreal-area centers are being used as Chinese state-backed “police stations” to intimidate or harass Canadians of Chinese origin. The investigation adds to mounting allegations of Chinese interference in Canada’s internal affairs, including accusations by Ottawa that Beijing tried to influence the last two Canadian elections. China has denied those accusations. “We are carrying out police actions aimed at detecting and disrupting these foreign state-backed criminal activities, which may threaten the safety of persons living in Canada,” the Royal Canadian Mounted Police (RCMP) in Quebec said in a statement. Countries including the United States and the Netherlands have carried out similar probes following a report in September by Safeguard Defenders, a Europe-based human rights organization, detailing the presence of dozens of Chinese police “service stations” in major cities globally. In November, the RCMP in Ontario, Canada’s most populous province, also launched an investigation into similar reports of Chinese “police service stations” in the Toronto area. The Ontario RCMP did not respond to a request for information on that probe.

NATO Secretary-General Jens Stoltenberg is spearheading a new drive this week to see Finland and Sweden become members of the world’s biggest military organization by the time U.S. President Joe Biden and his counterparts meet for their next summit in July.

Fearing that they might be targeted next after Russia’s full-scale invasion of Ukraine last year, the Nordic neighbors abandoned their traditional positions of military nonalignment to seek protection under NATO’s security umbrella.

All 30 allies signed Finland’s and Sweden’s accession protocols. Almost all have since ratified those texts, but Turkey and, more recently, Hungary have sought guarantees and assurances from the two. NATO must agree unanimously for them to join.

Saudi Arabia is reportedly asking for US help to develop its civilian nuclear programme, raising fears that the kingdom may seek to develop a nuclear weapon and accelerate an arms race with Iran.

Saudi officials want US support to enrich uranium and develop their own fuel production system, while Washington is in return seeking a normalisation with another Middle East ally, Israel, according to a new report by The Wall Street Journal.

The oil-dependent kingdom is looking to add nuclear power to its energy mix while, at the same time, being deeply wary of nuclear proliferation attempts by Tehran.

The Foreign Secretary is to order a crackdown on SNP ministers exceeding their powers by using meetings with overseas governments to promote Scottish independence and attack Brexit.

The Telegraph understands that James Cleverly is to write to Britain’s embassies to remind them that a UK diplomat should be present during meetings between SNP ministers and foreign governments.

Whitehall insiders highlighted concerns that the Scottish Government is using Foreign and Commonwealth Office resources and relationships to set up the meetings, only to use them to talk down Britain.

Matt Taibbi presented the US Congress with evidence of corporate, NGO and government collusion: Social media platforms colluded with non-governmental organizations and the US government to suppress information they did not like. During the hearing, multiple Democrats tried to pressure Taibbi into revealing his sources, insinuating Twitter’s new owner, Elon Musk, was behind the disclosures.

(Bloomberg) — US President Joe Biden dropped into a meeting at the last minute in the White House to see a man all of Washington wants an audience with: Sauli Niinisto, once upon a time known as the “Putin whisperer.” The impromptu get-together was thrown together as Biden joined Niinisto and US National Security Advisor Jake Sullivan. The pair of presidents have now met three times and spoken four since late 2021 — giving the Finnish head of state unprecedented access to the world’s most powerful leader.

At stake is the stalled expansion of NATO, with Turkey and Hungary holding up the biggest shift in the security landscape of western Europe in several decades.

WASHINGTON ― U.S. Indo-Pacific Command has outlined new spending requirements to boost deterrence against China, including billions of dollars in new weapons, new construction and closer military-to-military collaboration with America’s allies in the region.

The command’s congressionally-ordered assessment delivered Wednesday calls for more than $87 billion in spending between 2024 and 2028; with $15.4 billion for fiscal year 2024 alone. That represents a significant jump from last year’s $9 billion request for FY23 and five-year projected spend of $77 billion.

With China competition a bipartisan priority on Capitol Hill, the Indo-Pacific Command assessment of its needs offers a blueprint for China hawks to add to President Joe Biden’s $842 billion defense budget for FY24, which requests $9.1 billion for the Pentagon’s Pacific Deterrence Initiative.

COLUMBUS, Ohio (AP) — Former state House Speaker Larry Householder and former Ohio Republican Party Chair Matt Borges were convicted Thursday in a $60 million bribery scheme that federal prosecutors have called the largest corruption case in state history.

A jury in Cincinnati found the two guilty of conspiracy to participate in a racketeering enterprise involving bribery and money laundering, after about 9 1/2 half hours of deliberations over two days.

U.S. Attorney Kenneth Parker said the government’s prosecution team showed that “Householder sold the Statehouse, and thus he ultimately betrayed the people of the great state of Ohio he was elected to serve.” He called Borges “a willing co-conspirator.”

BERLIN (AP) — European countries said Thursday that they have decided to dissolve a system conceived in 2019 to enable trade with Iran and protect companies doing business with it from U.S. sanctions, but only ever processed one transaction.

The German and French foreign ministries said the 10 shareholders of INSTEX — Belgium, Germany, Finland, Denmark, France, the Netherlands, Norway, Spain, Sweden and the U.K. — concluded that there was no basis to keep it going after Iran persistently refused to work with the institution.

The decision comes at a time when tensions between the West and Iran have increased following Tehran’s crackdown on internal dissent, its supply of armed drones to Russia that have been used in the war in Ukraine, and the de facto breakdown of its 2015 nuclear deal with world powers including Germany, France and the U.K.

A former Goldman Sachs banker was sentenced Thursday to 10 years in prison for his role in looting a Malaysian sovereign wealth fund of billions of dollars used to finance lavish parties, a superyacht, premium real estate and even the 2013 film “The Wolf of Wall Street.” Roger Ng was convicted last April by a U.S. District Court jury in Brooklyn, but he continues to deny charges that he conspired to launder money and violated two anti-bribery laws. Prosecutors said Ng and his co-conspirators helped the Malaysian fund, known as 1MDB, to raise $6.5 billion through bond sales — only to participate in a scheme that siphoned off more than two-thirds of the money, some of which went to pay bribes and kickbacks.

WASHINGTON (AP) — The United States on Thursday announced more sanctions against people and firms associated with Iran and with what it said was an illicit banking network used to conceal transactions.

The U.S. said it placed the penalties on 39 firms linked to a shadow banking system that helped to obfuscate financial activity between sanctioned Iranian firms and their foreign buyers, namely for petrochemicals produced in Iran.

The Treasury Department said the companies — from Hong Kong to the United Arab Emirates — made up a “significant ‘shadow banking’ network” that gave cover to sanctioned Iranian entities to disguise petrochemical sales with foreign customers.

The company attributed the decision to the latest round of Western sanctions against Russia, saying that transactions in dollars and euros will be unavailable to any individuals residing in Russia regardless of nationality.  

The exchange also banned users based in the EU from making transfers in Russian rubles via the platform, according to media reports. When trying to make a transaction in rubles, the platform prompts users to select a ‘local currency’ for P2P.

“In order to continue using Binance P2P, users can choose other available fiat currencies,” a representative of the exchange told Forbes Russia. 

House Speaker Kevin McCarthy and House Minority Leader Hakeem Jeffries also learned from the agency that the data is now being offered for sale on the dark web.   Leading lawmakers were informed of a “significant data breach” at the DC Health Link marketplace potentially affecting all members of the House and their families in a letter from the Chief Administrative Office of the House on Wednesday. CAO Catherine Szpindor promised a full list of the individuals affected but advised members to secure their finances “out of an abundance of caution” as their data may have been compromised.  

A cellist is accused of helping Vladimir Putin channel $50 million into Swiss accounts. 4 bankers are also accused of not having checked the real source of the money. Putin is believed by some to have accrued vast wealth during his time as Russian leader. Four bankers have been accused of helping Vladimir Putin’s cellist best friend channel millions of…