Walter Wagbatsoma Arrested For Money Laundering In UK
A Nigerian billionaire, Walter Wagbatsoma, has been convicted of fraud by a Lagos court.
Goodluck Jonathan Named In Italian $1.3B Malabu Oil Fraud
Lagos – Italian prosecutors have alleged that Nigeria’s former president Goodluck Jonathan and his oil minister received kickbacks as part of a $1.3 billion deal involving oil giants ENI and Shell.
EU Greens Claim Malta Could Be Put on Tax Haven Blacklist
The involvement of Maltese politicians in the Panama Papers scandal will castdoubts on Malta’s ability to push through EU anti-money laundering and tax reforms when it holds the European Presidency, the Green parties at the European Parliament believe.
Is France In The Right Position To Indict African Leaders?
Teodorin Obiang, vice-president of Equatorial Guinea, is on trial in France for plundering the nation’s treasury to fund his aristocrat lifestyle.
Search Tied To TelexFree Case Turns Up $20M Hidden Under A Mattress
About $20m was seized from under a mattress in a Massachusetts apartment after a Brazilian man was arrested for laundering money linked to a multi-billion dollar global fraud.
French Corruption Trial of African Leader’s Son Postponed
A French court decided to adjourn the corruption trial of the son of Equatorial Guinea’s president until June 19. Proceedings in the case against Teodorin Obiang have come to a halt two days after they had begun.
Deutsche Bank’s Head of Anti-Money Laundering Peter Hazlewood Steps Down After 6 Months
Deutsche Bank’s head of financial crime and anti-money laundering is stepping down just six months after he was hired to help improve systems and controls even as the bank faced charges ranging from sanctions breaches to mortgage mis-selling.
Son of Equatorial Guinea’s President Goes on Trial For Graft In Paris
The corruption trial of Teodorin Obiang, the eldest son of Equatorial Guinea’s President Teodoro Obiang Nguema Mbasogo, opens Monday in Paris. Obiang is accused of amassing millions of dollars through “bribes and kickbacks”.
Former Guinea Mines Minister Charged With Taking $8.5M In Bribes
The former minister of mines and geology for the African Republic of Guinea was arrested on Tuesday in New York and charged with taking $8.5m in bribes in exchange for assigning lucrative investment rights to a Chinese-owned conglomerate.
Lawyer Accused of Laundering Drug Money To Help Former Hells Angel
A Brisbane lawyer has been charged with laundering drug money in an alleged scheme involving her former Hells Angels bikie ex-husband and the son of a former top Queensland anti-corruption official.