Corruption Ledger

The value of frozen Russian private assets under sanctions increased from 18.9 billion euros in December to 24.1 billion euros in late May, the newspaper said. As many as 1,473 individuals and 205 firms from Russia have been sanctioned by the EU, German media added. After the start of Russia’s military operation in Ukraine on February 24, 2022, Western countries have imposed comprehensive sanctions against Russia, including the freezing of nearly half of the country’s foreign currency reserves – amounting to about $300 billion. The European Union alone has frozen assets of Russian entities and individuals worth dozens of billions of dollars under 10 packages of sanctions.

Covid showed us how corrupt the medical establishment has become not only in America but worldwide. Doctors know where their bread is buttered and rarely speak out of school or provide advice based on their own independent research. They will support almost any government health narrative if that’s what it takes to make sure the money continues to flow, even…

In March, Der Spiegel claimed a yacht called ‘Andromeda’ had allegedly been used by a team of divers to sabotage the Nord Stream pipelines. The publication cited the discovery of traces of explosives in the cabin of the vessel and fake identification documents that were used in the hiring of the boat.  The outlet’s most recent report indicates that metadata…

Jeffrey Epstein was many things: a sexual predator, a friend to the rich and powerful and, for many years, a lucrative customer of the nation’s largest bank. Now the bank, JPMorgan Chase, faces a reckoning for its nearly 15-year relationship with the disgraced financier, one that could cost it a big payout in two civil lawsuits that claim the bank…

When then-prime minister Malcolm Turnbull called for heads to roll after the 2016 census was pulled offline – amid fears IBM’s data servers hosting the survey had been infiltrated – the American enterprise technology giant made an important decision. IBM ran most of the big mainframe systems that had powered core government functions for several decades, earning it billions of…

U.S. authorities have seized 13 more domains linked to some of the world’s most popular DDoS-for-hire websites. These websites, also described as “booter” or “stressor” services, are marketed as legitimate security testing tools that allow admins to stress-test websites. In reality, the services are used for launching denial-of-service (DDoS) attacks designed to overwhelm websites and networks and force them offline….

MOSCOW – Russia’s Wagner mercenary group has started withdrawing its forces from the Ukrainian city of Bakhmut and transferring its positions there to regular Russian troops, its founder Yevgeny Prigozhin said in a video published on Thursday. “We are withdrawing the units from Bakhmut. From today at five in the morning, May 25 until June 1, most of the units…

Russia moved ahead on Thursday with a plan to deploy tactical nuclear weapons in Belarus, whose leader said the warheads were already on the move, in the Kremlin’s first deployment of such bombs outside Russia since the 1991 fall of the Soviet Union. The U.S. State Department denounced the deployment plan, but said Waacshington had no intention of altering its…

European Union officials are considering whether to send Ukraine profits generated from Russian assets frozen within the bloc, the Financial Times has reported, citing people familiar with the discussions. EU member states and European Commission officials convened on Wednesday to examine how they might move funds held at Euroclear, the world’s largest settlement house, over to Ukraine, as Russian-owned assets there…

The new owner of Silicon Valley Bank’s (SVB) US operations, First Citizens, is cutting around 500 roles held by former SVB workers, the BBC understands. Two months ago, First Citizens bought the business after SVB’s collapse. The failure of SVB, along with two other US banks, triggered fears of a more widespread banking crisis, which forced authorities to step in….

WASHINGTON – The United States on Wednesday announced the approval of a US$285 million (S$385 million) sale of a National Advanced Surface-to-Air Missile System (“NASAMS”) air defence system and related equipment to Ukraine as Kyiv seeks to boost protection against Russian strikes. “Ukraine has an urgent need to increase its capabilities to defend against Russian missile strikes and aircraft,” the…

Microsoft says a Chinese cyberespionage group it tracks as Volt Typhoon has been targeting critical infrastructure organizations across the United States, including Guam, since at least mid-2021. Their victims span a wide range of critical sectors, including government, maritime, communications, manufacturing, information technology, utilities, transportation, construction, and education. “Microsoft assesses with moderate confidence that this Volt Typhoon campaign is pursuing…

(Bloomberg) — US lawmakers are urging Washington to strike back against China for its decision to bar Micron Technology Inc.’s memory chips, threatening to further inflame tensions between the two countries. Representative Mike Gallagher, a Wisconsin Republican who leads a China-focused congressional committee, wants Changxin Memory Technologies Inc. placed on a blacklist that effectively bars dealings with American firms. That’s…

NEW YORK – Meta Platforms Inc started carrying out the last batch of a three-part round of lay-offs on Wednesday, according to a source familiar with the matter, as part of a plan announced in March to eliminate 10,000 roles. Meta earlier this year became the first Big Tech company to announce a second round of mass layoffs, after showing…

  (Bloomberg) — Blackstone Inc. Chief Executive Officer Steve Schwarzman said the investment giant is in talks with several US regional banks to explore purchases of assets and loans they originate. “Pressure on those regional banks won’t just come from the markets,” he said in a video interview Wednesday for the Qatar Economic Forum in Doha. “It will come from…

German police have carried out raids in seven states in a probe into climate campaigners suspected of forming or backing a criminal group because of their controversial activities. Seven people aged 22 to 38 are suspected. No arrests have been made. For months Last Generation (Letzte Generation) has disrupted traffic in German cities and performed stunts like hurling mashed potato…