Corruption

Senators Push For Inspector General Oversight On $500B Company Bailout Fund
Senators Push For Inspector General Oversight On $500B Company Bailout Fund
April 01, 2020  |  Coronavirus

Democratic Senators are pushing to ensure that Treasury Secretary Steve Mnuchin does proper oversight work on the $500 billion stimulus passed last week by the...

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Employees Claim OYO Uses Corrupt Practices To Boost Growth
Employees Claim OYO Uses Corrupt Practices To Boost Growth
January 03, 2020  |  International

The New York Times is reporting that OYO, a quickly growing hotel startup that aims to be the largest hotel chain in the world by...

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Regulators Investigate China’s Ex-Securities Regulator
Regulators Investigate China’s Ex-Securities Regulator
May 19, 2019  |  Security & Fraud

Liu Shiyu, the former head of China’s securities regulator, is being investigated for violating anti-corruption laws. According to a report in Reuters citing the Central...

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Liberia’s Lost $100M Found In Central Bank
Liberia’s Lost $100M Found In Central Bank
March 01, 2019  |  International

Two of Liberia’s central bank officials have been detained over widespread malpractice at the bank related to $104 million in missing bank notes. In September, the...

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Department Of Justice Accuses Globvision CEO Raul Gorrin Of Bribery
Department Of Justice Accuses Globvision CEO Raul Gorrin Of Bribery
November 20, 2018  |  Security & Fraud

The U.S. Justice Department has accused Raul Gorrin, the owner of Globvision, the Venezuelan television channel and Seguros La Vitalicia, the insurance firm, for bribing...

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Advocacy Group Says EU’s Tax Haven Blacklist Is Failing
Advocacy Group Says EU’s Tax Haven Blacklist Is Failing
September 25, 2018  |  B2B Payments

Tax havens are typically assumed to be islands in warm climates offering low tax rates for organizations looking for a lucrative loophole. But these “havens”...

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Kenya Charges Civil Servants In $100M Theft Of Public Funds
Kenya Charges Civil Servants In $100M Theft Of Public Funds
May 29, 2018  |  Fraud Prevention

The authorities in the country of Kenya have charged 54 people — most of them civil servants — with stealing close to $100 million of public...

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Latvian Defense Ministry Says Corruption Allegations Are Fake News
Latvian Defense Ministry Says Corruption Allegations Are Fake News
February 21, 2018  |  International

The Latvian Defense Ministry is contending that corruption allegations — which resulted in the suspension of a central bank governor on Tuesday (Feb. 20) —...

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African Dictator’s Son Stands Trial For Money Laundering
African Dictator’s Son Stands Trial For Money Laundering
January 03, 2017  |  Security & Fraud

Amid several investigations by France into how several African leaders acquired their wealth, the vice president of Equatorial Guinea, Teodorin Obiang, is now on trial...

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