Corruption Ledger

HAGUE: A group of human rights organisations took the Dutch government to court on Monday, arguing its supply of parts for F-35 fighters contributes to violations of international law in Gaza. The case concerns US-owned F-35 parts stored at a warehouse in the Netherlands and then shipped to several partners, including Israel, via existing export agreements. Oxfam Novib, one of the groups filing suit, said the export “made the Netherlands complicit in violations of the laws of war and the…

Note from Corruption Ledger Spotify is a publicly traded company headquartered in Luxembourg. Swedish founders Daniel Ek and Martin Lorentzon started Spotify as a small start-up in Stockholm, Sweden in 2006.  Job cuts don’t just affect those who are laid off. It creates a culture of fear for remaining employees, who must work additional hours and maneuver to adapt to new demands, the reorganization of departments, and new or altered functions assigned to them. Expectations are often unrealistic, which also…

An Abu Dhabi state-backed vehicle has moved closer to taking full control of The Daily Telegraph just hours after the launch of a regulatory probe that prevents it from removing key journalists from their posts. Sky News has learnt that RedBird IMI has given the newspaper’s board and the government notice of its intention to activate a call option that will convert loans secured against the Telegraph titles and Spectator magazine into shares. The move was communicated to key stakeholders…

The government is to prohibit the removal or transfer of key Daily Telegraph journalists during a public interest probe into the newspaper’s prospective takeover by a state-backed Abu Dhabi investor. Sky News has learnt that Lucy Frazer, the culture secretary, is preparing to make an interim enforcement order (IEO) that will impose a set of restrictions on the Daily and Sunday Telegraph’s current owners. City sources said the IEO – which has been notified to the Barclay family – was…

Mercer Financial Advice has been ordered by the Federal Court to pay a $12 million penalty for breaching fee disclosure obligations and for wrongly charging fees to customers, ASIC has reported. “This is a significant penalty for a financial advice provider,” said Sarah Court (pictured above), ASIC deputy chair. “Mercer failed in its obligation to provide fee disclosure statements to clients, provided misleading information in the disclosure statements it did provide, and charged its clients fees for services it was…

WASHINGTON: US inspectors announced fines against China-based firms Thursday, as part of a broader effort to hold US-listed Chinese companies up to American auditing standards amid simmering geopolitical tensions. These included PwC affiliates in Hong Kong and China, alongside a Chinese audit company. The $7.9 million in penalties unveiled by the Public Company Accounting Oversight Board (PCAOB) represent some of the highest imposed on any firm globally, it said. They mark the first time it “has been able to bring enforcement action…

WASHINGTON: The US on Wednesday said it imposed a new round of sanctions on a group of 20 people and firms allegedly involved in a financial facilitation network for the benefit of the Iranian military. The Treasury Department sanctions impact firms and people spanning Hong Kong to the United Arab Emirates. Included in the sanctions package are employees, brokers and purchasers from Iranian firm Sepehr Energy, which is also subject to sanctions. The US alleges that Sepehr acts as a…

At the peak of the online shopping season, Canadian e-commerce giant Shopify filed a new lawsuit to take a stand against DMCA abuse. The company filed a complaint at a Florida federal court, accusing an Orlando resident of filing dozens of false takedown notices, allegedly to advance their own commercial interests. Signed into law a quarter century ago, the Digital Millenium Copyright Act (DMCA) aimed to equip copyright holders with new tools to protect their works online. A key element…

HELSINKI: Finland will close its entire border with Russia to travellers for the next two weeks in a bid to halt the unusually large flow of asylum seekers to the Nordic nation, which the government and its allies say is an orchestrated move by Moscow. Finland last week shut all but one of its border posts to travellers from Russia, keeping open only the northernmost crossing located in the Arctic.But this too would now close, the government said on Tuesday….

RIYADH: Saudi Arabia‘s Crown Prince Mohammed bin Salman on Tuesday urged all nations to cease weapon exports to Israel, according to Al Arabiya Post. Saudi Arabia’s Crown Price made this request during an extraordinary BRICS Joint Meeting, which was being held virtually to address the Israel-Hamas conflict. South Africa is hosting the BRICS groups of nations to convene the virtual BRICS Extraordinary Joint Meeting. Saudi Arabia further demanded the start of a serious and comprehensive peace process to establish a…

The Idaho National Laboratory (INL) confirms they suffered a cyberattack after ‘SiegedSec’ hacktivists leaked stolen human resources data online. INL is a nuclear research center run by the U.S. Department of Energy that employs 5,700 specialists in atomic energy, integrated energy, and national security. The INL complex extends over an 890-square-mile (2,310 km2) area, encompassing 50 experimental nuclear reactors, including the first ones in history to produce usable amounts of electricity and the first power plant designed for nuclear submarines….

Beijing has defended its prosecution of two Canadians for espionage, after The Globe and Mail reported that Michael Spavor blames intelligence work done by Michael Kovrig for their nearly three-year-long detention. Mr. Spavor is seeking a multimillion-dollar settlement from Ottawa, two sources told The Globe, alleging he was arrested in China in late 2018 because he unwittingly provided intelligence on North Korea to Mr. Kovrig, which was later shared with Canada and allied spy services. In a statement Sunday, China’s…

The Canadian government says two of its contractors have been hacked, exposing sensitive information belonging to an undisclosed number of government employees.  These breaches occurred last month and impacted Brookfield Global Relocation Services (BGRS) and SIRVA Worldwide Relocation & Moving Services, both providers of relocation services to Canadian government employees.  Government-related information stored on compromised BGRS and SIRVA Canada systems dates back to 1999, and it belongs to a broad spectrum of affected individuals, including members of the Royal Canadian Mounted…

With Russian tanks and troops descending on Ukraine in early 2022, Cyprus became a hotbed of financial activity. The island country has long been known as an offshore transit point for the fortunes of Russian billionaires, and as sanctions loomed over many of them last year, Cyprus financial services firms fielded a series of urgent demands to transfer funds and shareholdings, newly revealed records show. In one case, documents show that two Russian billionaires, Alexander Abramov and Alexander Frolov, needed…

Italy has just delivered a devastating blow to the controversial agenda of the World Economic Forum (WEF) and billionaire magnate Bill Gates for global food control, with the historic approval of a ban on the production and sale of cultivated meat. The Chamber of Deputies voted 159 in favor, 53 against, and 34 abstentions in support of the bill presented by Minister of Agriculture Francesco Lollobrigida. The legislation […] prohibits the production and market introduction of foods and feeds derived from cellular…

U.S. Attorney’s Office Eastern District of California  FOR IMMEDIATE RELEASE Thursday, November 16, 2023 FRESNO, Calif. — A federal grand jury returned a three-count indictment today against Jia Bei Zhu, aka Jesse Zhu, Qiang He, and David He, 62, a citizen of China who formerly resided in Clovis, charging him with distributing adulterated and misbranded medical devices in violation of the federal Food, Drug, and Cosmetic Act and for making false statements to the Food and Drug Administration (FDA), U.S….