Featured Embezzlement

EY under scrutiny after second-largest bankruptcy in Swiss history

EY auditors failed to raise the alarm over multimillion-dollar jewellery purchases and approved huge payments to opaque offshore companies in the years before one of Switzerland’s biggest ever corporate collapses. Zeromax, a conglomerate based in the Swiss canton of Zug, had a business empire in Uzbekistan with interests ranging from… Read More

Boris Johnson’s brother loses £14m down a Mongolian mine linked to fraud, money laundering

The pleasures and potential pitfalls of being related to Britain’s prime minister quickly become clear when Maximilian Johnson begins to speak of the predicament he is facing in, of all places, a Mongolian goldmine near the Gobi desert. Boris Johnson’s younger half-brother is battling to save a multimillion-pound investment gone… Read More

‘Corrupt’ Maltese officials draining Pilatus assets, Sadr lawyers claim

A network of “corrupt government officials” have set about draining Pilatus Bank of all its assets, lawyers for the bank’s parent company Alpene Limited have claimed. The bank’s former chairman Ali Sadr is the sole director of the Hong Kong-based Alpene. In US court documents filed a few days ago,… Read More
1st September 2021
Yorgen Fenech and several business associates have been charged with money laundering in connection with a Maltese gaming company called Glimmer Limited. Fenech, who separately stands accused of conspiring to murder Daphne Caruana Galizia, denied the fresh charges when he appeared in court on Monday. He is accused of committing… Read More
30th August 2021
A Vienna court convicted the former leader of Austria’s far-right Heinz-Christian Strache of a corruption charge on Friday in a case stemming from a 2019 scandal known as “Ibizagate”. Strache, one of Europe’s most high-profile former far-right leaders, was given a 15-month suspended jail sentence. The Ibizagate scandal led to… Read More
24th August 2021
A Swiss appeals court has rejected a banker’s bid to lift his three-year regulatory ban from working in the industry over failures to properly fight money-laundering linked to scandal-hit Malaysian sovereign wealth fund 1MDB. In a ruling released on Monday, the Federal Administrative Court turned down the appeal by the… Read More
24th August 2021
The son of Mozambique’s ex-president and 18 others have gone on trial over the $2bn (£1.5bn) “tuna bonds” affair. Ndambi Guebuza, son of former President Armando Guebuza, and the others face charges of blackmail, embezzlement and money laundering. They have not yet commented on the charges. Mozambique’s biggest corruption scandal… Read More
19th August 2021
The Government says it is pressing ahead with plans to set up a new beefed-up white-collar crime agency and it intends to publish proposed new laws to establish the body in coming weeks. The Corporate Enforcement Authority (CEA) will be established as a standalone entity to replace the Office… Read More
16th August 2021
Zimbabwe’s government is pressing ahead with a plan to combine its mining assets under a massive private-public enterprise, even as evidence mounts that the project could be linked to a tycoon sanctioned by the U.S. and U.K. Previously unreported documents, including correspondence among executives and shareholders, show that weeks after… Read More
12th August 2021
By Kira Zalan, Purity Mukami, Juliet Atellah and John-Allan Namu, OCCRP, 11 August 2021 OCCRP – In June, Kenya’s President Uhuru Kenyatta announced a lofty goal: vaccinating the entire adult population of 27 million against COVID-19 by the end of the year. But a long-time problem –– the… Read More
12th August 2021
Posh UK properties not fully declared and alleged misappropriation of N32.5 billion funds belonging to Bayelsa State got its former governor, Seriake Dickson into trouble with the Economic and Financial Crimes Commission (EFCC), SaharaReporters learnt on Wednesday. The former governor, who currently represents Bayelsa West as a senator in the… Read More
10th August 2021
An accountant and his brother have been charged with theft and money laundering after almost €1.2m in fictitious expenses was “syphoned” from a financial services firm in Dublin. Vipul Dhoot (35) with an address at Hallwell Place, Lucan, Co Dublin was charged with 10 counts of stealing various sums totalling… Read More
8th August 2021
The U.S. Department of Justice (DOJ) has repatriated $452 million in misappropriated funds from 1Malaysia Development Bhd (1MDB), it said in a statement on Thursday, bringing the total amount recovered from the corruption scandal to $1.2 billion. The funds, which were repatriated to Malaysia, had been laundered through major financial… Read More