Category: Corruption

The chief executive officer (CEO) of Company 1, a multi-national corporation headquartered in Malta and with operations in the United Kingdom, United Arab Emirates, Singapore, and the United States was charged with bribery in an indictment returned on September 30, 2019.

A former managing director of The Goldman Sachs Group Inc. (Goldman Sachs) was sentenced today to 10 years in prison for his role in a multibillion-dollar bribery and money laundering scheme involving Malaysia’s state-owned investment and development fund, 1Malaysia Development Berhad (1MDB).

“Today, Roger Ng was sentenced for his role in a massive and egregious bribery and money laundering scheme involving the bribery of high-level foreign officials in Malaysia and the United Arab Emirates and theft of billions of dollars meant to benefit the Malaysian people,” said Assistant Attorney General Kenneth A. Polite, Jr. of the Justice Department’s Criminal Division. “The Justice Department remains firmly committed to holding accountable individuals who engage in corruption, undermine the rule of law, and abuse our financial system to launder their illicit funds.  This sentence sends a strong message to criminals around the world:  if you violate our laws, we will bring you to justice.”

  ASIC has launched court proceedings against two business lending specialists, Green County Pty Ltd and Max Funding Pty Ltd, alleging they issued personal loans without being licensed and without undertaking proper inquiries. ASIC has alleged Green County and Max Funding did not make reasonable inquiries about the purpose of loans, which led to Green County providing personal loans to…

Carlson has been criticised for TV segment that used cherry-picked video to portray US Capitol rioters as peaceful.

A recent controversy has called into question the agreement that decides who prosecutes U.S. troops in Japan.

The House rejected Matt Gaetz’s war powers resolutions to pull 900 U.S. troops from Syria days after a visit from Joint Chiefs Chairman Gen. Mark Milley.

Thousands of demonstrators surrounded the legislature in Tbilisi in protest against the “foreign agents” law Read Full Article at RT.com

U.S. officials have unveiled the latest round of sanctions on Iran over its government’s violence toward women and girls amid the anti-regime protests happening around the country. In a news release, Secretary of State Antony Blinken said the Treasury Department has implemented sanctions on multiple Iranian officials, company presidents, security leaders and companies for their role in the crackdown on…

The new intelligence reviewed by US officials suggested the perpetrators behind the sabotage were “opponents of President Vladimir V Putin of Russia”, the Times reported, but did not specify the members of the group and who organised and paid for the operation, which would have required skilled divers and explosives experts.

India has imposed money-laundering regulations on trade in cryptocurrencies, according to a government release published on Tuesday, in the latest step to tighten control of the sector. A range of crypto transactions, namely the exchange, transfer, safekeeping and administration of virtual assets, now fall under the Prevention of Money-Laundering Act (PMLA), the notification from the Ministry of Finance published by The Gazette of India states. The PMLA obliges financial institutions to keep a record of all transactions for ten years, provide the records to officials in necessary, and to verify clients’ identity.

Lynda Bennett, 65, of Maggie Valley, North Carolina, was a primary candidate for North Carolina’s 11th Congressional District in 2020. In late December 2019, Bennett borrowed $25,000 from a family member, representing that she needed the money for personal expenses because she had to spend a large amount of her own money on her campaign. The day after depositing the loaned money into a personal account, Bennett then caused $80,000, including the $25,000 in loaned funds, to be transferred to the bank account of Lynda Bennett for Congress (LBC), her authorized federal campaign committee. Under the FECA, Bennett was required to report a loan from a third-party individual as a campaign contribution. Bennett knowingly and willfully violated the FECA by reporting through LBC that the full $80,000 was a loan to her campaign using her own personal funds, rather than disclosing that $25,000 of that amount was a loan from another individual.

BEIJING — Chinese Foreign Minister Qin Gang warned Tuesday that Beijing and Washington are headed for “conflict and confrontation” if the U.S. doesn’t change course, striking a combative tone at a moment when relations between the rivals are at a historic low.

  Leading aggregator Finsure Group has warned that the Reserve Bank of Australia is getting closer to the “tipping point” with its increases to official interest rates, noting how the central bank would need to be careful about inflicting further pain on mortgage holders. Finsure CEO Simon Bednar (pictured above) said the RBA needed to be more cautious about lifting…

There is no evidence that China is spying on telecom equipment suppliers’ technology. Nevertheless, they are to be banned from the 5G network for fear of dependencies.

The “Overt Human Intelligence Collection Program” (OHIC) has been in existence since at least 2016, according to Politico, which did not disclose how it obtained the documents.  Run by the DHS Office of Intelligence and Analysis (I&A), OHIC is intended to gather information about threats such as organized crime and transnational drug trafficking.

The Prosecutor General’s Office has declared Transparency International unwelcome in Russia, describing the Berlin-based organization on Monday as going beyond its mandate to interfere into the country’s internal affairs. “It has been established that the activities of this organization clearly go beyond its declared goals and objectives,” the office said in a statement. “Formally acting as an organization fighting corruption…