Saudi Arabia

Featured Saudi Arabia

Serious Fraud Office ‘undermined GPT whistleblower’s case for compensation

The key whistleblower in a case that resulted in a former Airbus subsidiary being fined £28.1 million for corruption was “hung out to dry” by the Serious Fraud Office, it has been claimed. Ian Foxley’s evidence led to a guilty plea this year from GPT Special Project Management over bribes… Read More

Greek Captagon Bust Leads to a Criminal Gang and the Port at the Heart of Syria’s Booming New Drug Trade

By Ahmed Eid Ashour, Sameh Ellaboudy, Maher Shaeri and Cecilia Anesi, OCCRP, 16 June 2021 OCCRP — On the evening of December 2, 2018, the cargo ship Noka set sail from the Syrian port of Latakia, bound for eastern Libya. The vessel was packed with goods sent… Read More

$1B feud involving Leonardo’s ‘Salvator Mundi’ reveals dark side of the art world

By Nina dos Santos, CNN, 30 May 2021 CNN — It is the biggest legal fight the art world has ever witnessed: a Russian oligarch, who claims he was ripped off buying multi-million-dollar masterpieces, versus a Swiss art dealer who says it was just business. Now, after six… Read More
5th May 2021
Authorities in Saudi Arabia last week approved a new law designed to combat financial fraud and breach of trust. The new legislation defines all aspects of financial crimes in detail and sets out the maximum penalties, while attempting to take into account the rapid pace of technological advances around the… Read More
29th April 2021
A unit of Airbus SE was fined a total 28.1 million pounds ($39 million) after pleading guilty to one count of corruption as part of the U.K. prosecutor’s probe into work it carried out for the Saudi Arabian National Guard. The Serious Fraud Office charged GPT Special Project… Read More
28th April 2021
A row has broken out between Lebanon and Saudi Arabia over a haul of millions of amphetamine pills smuggled in a shipment of pomegranates. Lebanon appealed to Saudi Arabia this week to lift a ban on imports of fruit and vegetables, which have become an important source of hard currency… Read More
27th April 2021
The UK has announced new beefed-up sanctioning powers against corruption as Dominic Raab warned the country has become a “honey pot” for foreign actors seeking to launder their “dirty money”. The Foreign Secretary said the new sanctions would stop those involved in serious corruption from entering and channelling money through the… Read More
16th April 2021
Denmark’s public prosecutor has charged three members of an Iranian Arab opposition group with financing and supporting terrorist activity in Iran and aiding Saudi intelligence services. “This is a very serious case, where people in Denmark have carried out illegal intelligence activities and financed and promoted terrorism from Denmark in… Read More
30th March 2021
Independent U.N. sanctions monitors have withdrawn accusations against Yemen’s government of money-laundering and corruption that they said “adversely affected” access to food supplies in a country on the brink of famine, a document showed. The experts had said in an annual report to the U.N. Security Council that Yemen’s central… Read More
22nd March 2021
Saudi Arabia’s Oversight and Anti-Corruption Authority announced on Sunday it has initiated a number of criminal cases. The authority said it had taken over eight cases and legal procedures against the accused were underway. In the first case, three individuals have been arrested for allegedly embezzling more than SR5 million… Read More
18th March 2021
Pakistan’s anti-graft body on Wednesday reopened a money-laundering investigation against embattled former Prime Minister Nawaz Sharif’s daughter Maryam Nawaz and summoned her on March 26. The National Accountability Bureau (NAB) has accused 47-year-old Maryam of committing money-laundering through investments of variable heavy amounts being the main shareholder of Chaudhry Sugar… Read More
15th March 2021
Two Saudi citizens have been sentenced to 28 years in jail and fined up to $3.47 million after an investigation revealed an organized crime gang laundering money overseas. An official source in the Public Prosecution stated that the Financial Investigation Unit launched an investigation into a man and a woman… Read More
15th March 2021
A Swiss prosecutor is probing whether the late Saudi king broke any laws when he transferred $100 million to a fund controlled by fellow royal Juan Carlos I of Spain in 2008. Last month, a hearing was held behind closed doors in Geneva to discuss a legal opinion that prosecutor… Read More