$20bn in dodgy transfers from Russia exposed
As MPs demanded answers over the delay in closing accounts of the politically connected Gupta family because of suspicious transactions (see reports below), banks in the UK and continental Europe are dealing with the fallout over a massive global money ...
Absa delay in closing Gupta bank accounts explained
Absa had every right to wait 15 months before it closed down the accounts of Gupta-owned companies‚ Reserve Bank Deputy Governor Kuben Naidoo stressed in Parliament yesterday (Wednesday), according to a TimesLIVE report. It notes Naidoo said the law did ...
State blacklists employees over business interests
Hundreds of employees of the Eastern Cape Health Department have been issued with final warnings after failing to declare their business interests, notes a TimesLIVE report. It says the businesses and the employees were discovered through an investigation and have ...
Whistle-blower Citibank doesn't have to disclose revenue
CitiBank did not have to disclose the revenue of its local currency trading operation at a competition authority hearing on the forex collusion scandal, according to a BusinessLIVE report which notes the Competition Tribunal held a hearing in Pretoria yesterday ...
State vehicles abused in R38m scam, Gauteng Scopa told
Hawks probe Eastern Cape Social Development Department
Suspended council boss fights Hawks graft probe
Audit firm rotation plan faces headwinds
Seized evidence in cartel probe can be reviewed – court
Public Protector to probe Dlamini, CPS ties
The Zuma, Gupta way to divert public attention
Parliament plans more muscle for AG
Changes proposed for JSE conflict of interest rules
Conflict of interest arrangements in JSE rules for derivatives, equities, interest rates and currency derivatives are likely to be affected by proposed amendments focusing on a restructured committee system. It will be managed by the institution’s director for market ...
Police corruption in immigration in the spotlight
The case of a Nigerian migrant, who claims police in Johannesburg shot him in the leg in 2010 because he refused to pay bribes, has put similar claims of police corruption in the spotlight. A report on the Rand Daily ...
Rest of Africa
IT expert charged with stealing $39m from taxman
An IT expert has been charged with hacking into Kenya’s Revenue Authority and stealing $39m, according to a BBC News report which says Alex Mutungi Mutuku (28) is accused of electronic fraud but he denies any wrongdoing. The prosecution ...
War criminal Bemba sentenced for bribing witnesses
Former Congolese Vice-President Jean-Pierre Bemba was yesterday (Wednesday) sentenced to one year’s imprisonment for bribing witnesses in his main trial before the International Criminal Court (ICC), and ordered to pay a $323 640 fine. A report on the News24 ...
Angola brushes aside firm’s $50m bribery admission
Activists are pushing for action over the admission by Brazilian conglomerate Odebrecht that it paid $50m in bribes to secure business in Angola. But, notes a report on the TimesLIVE site, activists says the authorities in Angola, described by global ...
Brazil rocked by meat corruption probe
Already reeling from the multibillion-rand Operation Carwash money laundering and corruption scandal, Brazil, one of the world’s largest red meat exporters, faces a new bribery and corruption scandal as evidence emerged that meat-packers had been selling rotten and substandard ...
Top corruption prosecutor hired to probe Trump
The state of New York has appointed a leading corruption prosecutor to investigate Donald Trump and his administration, according to a report in The Independent. It says Eric Schneiderman, the state’s Attorney General and an outspoken critic of the ...
South Korea’s ousted President grilled in graft probe
South Korean prosecutors interrogated former President Park Geun-hye for 14-hours on Tuesday as they probe a series of charges including bribery, abuse of power and coercion and leak of government secrets levelled against her, according to a report in the ...
Australia’s corporate watchdog declares war
Top US prosecutor faces charges over alleged graft spree
Russian duo charged with £2m bank cybercrime
Powerful South Korean family in court over graft
* Disbarred Durban attorney Ian Stokes – convicted of stealing more than R5.7m of his friends' money from a trust account – was sentenced to in effect six years in jail by the KZN High Court (Durban) yesterday (Wednesday).
* Warrants of arrest have been issued for eight people implicated in defrauding the Buffalo City Municipality of R15m. The group, including municipal officials and company directors, failed to turn themselves over last week to face fraud and corruption charges in ...
* Investment group MICROmega said it would lodge an appeal with the Financial Services Board in a bid to oppose a fine imposed by the JSE. MICROmega – chaired by businessman Dave King – was censured and fined R1m, of which R0.5m ...