Search Results for: embezzlement

The Ukrainian Defense Ministry announced Friday that it had suspended senior official Toomas Makhkur after the Security Service of Ukraine (SSU) announced that it had exposed an embezzlement scheme within the ministry. In January, the SSU reported that it had discovered an embezzlement scheme involving current and former ministry officials and an arms company, Lviv Arsenal. [...]

News agency CNA revealed Wednesday that the top pardons board in Malaysia halved former Prime Minister Najib Razak’s 12-year sentence for corruption, embezzlement and money laundering through Malaysia’s state-owned 1Malaysia Development Berhad (1MDB). The board has also reduced the imposed fine to 50 million ringgit ($10.6 million) from 210 million ringgit. Provided Razak pays this, [...]

India’s economic investigation agency, the Enforcement Directorate (ED), informed the Kerala state High Court Monday that the scam at Karuvannur Service Cooperative Bank was orchestrated by leaders of the state’s ruling party, the Communist Party of India (Marxist) (CPI(M)). The affidavit filed by the ED asserts that CPI(M) party committees were involved in maintaining accounts [...]

Tang Shuangning, the former Chairperson of state-owned Chinese banking behemoth Everbright Group, was arrested on charges of embezzlement, accepting bribes and “privately reading publications with serious political problems,” China’s Supreme People’s Procuratorate said on Monday. Just days ago on January 7, Shuangning was expelled from the Chinese Community Party on charges of “serious violations of disciplines [...]

Nigeria’s President Bola Tinubu suspended on Monday the country’s Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, with immediate effect over allegations of transferring funds related to the government’s social welfare program into a private bank account. The suspension order issued by the Special Advisor to the President on Media and Publicity, Ajuri Ngelale, [...]

US District Judge John F. Walter denied a motion by Raymond Chan, former Los Angeles Deputy Mayor of Economic Development, on Friday to dismiss a series of charges in a sprawling public corruption indictment. Chan faces a 12-count federal indictment on RICO, bribery, honest services and false statements. The indictment includes charges that, while in [...]

The Municipal Commission for Discipline Inspection of Beijing, China on Wednesday rolled out a list with 10 categories of wrongdoings to avoid for government officials who deal with entrepreneurs in the city to give a push to the private sector. China’s private sector contributes to more than 60 percent of the country’s Gross Domestic Product [...]

A Vatican court sentenced Cardinal Angelo Becciu to 5.5 years in prison Saturday after the prelate was convicted of embezzlement and fraud in relation to a real estate investment scandal that cost the Vatican millions of Euros. The Cardinal was also handed a €8,000 fine and barred from holding public office in the Holy See. [...]

The Peru constitutional court moved Wednesday to affirm a 2017 pardon granting the release of ex-President Alberto Fujimori despite an Inter-American Court of Human Rights (IACHR) ruling that required the release be blocked. Fujimori was convicted in 2009 and sentenced to the maximum term of 25 years for various war crimes and corruption during his [...]

Ukraine’s National Anti-Corruption Bureau announced investigations into two unnamed lawmakers on Tuesday for allegedly attempting to bribe reconstruction officials.   One lawmaker was alleged to have tried to bribe top reconstruction officials with bitcoins worth $50,000 in order to direct monies from the 4.77 billion hryvnia ($130 million) Fund for Liquidation of the Consequences of Armed [...]