After suffering another big blow this week in its fight against state capture, the NPA's Investigating Directorate (ID) has blamed the setbacks on the lack of specialised forensic personnel to help it unravel complex matters, notes Legalbrief. This after the Middelburg Specialised ... Read More
Parliament and Treasury are at odds over the two-pot retirement reform implementation date, reports the Daily Maverick. The much-lauded new system should be implemented from 1 March next year, Parliament’s Finance Committee motivated on Tuesday – in direct opposition to ... Read More
A preservation order on former National Lotteries Commission (NLC) board chair Alfred Nevhutanda’s R6.3m Rolls Royce Phantom has been lifted because the vehicle has fallen ‘into the hands of an innocent third party’, reports GroundUp. In September, after the ... Read More
Coronation Fund Managers, which currently owes SARS R761m in disputed taxes, could see that liability grow further if a pending Constitutional Court case on the issue drags on, reports Fin24. When the Cape Town-headquartered asset manager released its interim results ... Read More
Establishing an Investigating Directorate Against Corruption (Idac) is a retrogressive step that, in essence, winds back the clock to the time that the Scorpions unit was set up within the NPA by Penuell Maduna, writes Paul Hoffman on the Accountability ... Read More
Nigeria plans to withdraw civil claims totalling $1.1bn against Eni SpA, ending a long battle in Italian courts over allegations of corruption in an oil field deal. Punch reports the Ministry of Justice will waive the claims before Italy’s ... Read More
A prominent Kenyan lawyer has been ordered to personally pay Kshs1m (about $46 000) to the country’s Ethics and Anti-Corruption Commission (EACC). In a decision handed down last week, High Court judge Esther Maina said Joseph Owino Kojwando had acted ... Read More
Nigeria on Monday called on the Action Group Against Money Laundering in West Africa (GIABA) to develop an institutional framework for the enforcement of financial crimes regulations in the sub-region, reports Premium Times. The Attorney-General of the Federation and Minister ... Read More
Changpeng Zhao, founder of Binance, the world’s largest cryptocurrency exchange, agreed to resign from the company and plead guilty to money laundering this week. A report in The Guardian notes that as part of a guilty plea, Zhao agreed to ... Read More
Colombian pop star Shakira on Monday reached a settlement with prosecutors to avoid a trial in Barcelona over charges she failed to pay €14.5m in Spanish income tax between 2012 and 2014. As part of the deal, she accepted ... Read More
More than 200 defendants in one of Italy's biggest mafia trials for generations have been sentenced to a total of more than 2 200 years in jail, reports BBC News. The trial of individuals allegedly linked to the 'Ndrangheta ... Read More
