Search Results for: laundering

The US Department of Justice (DOJ) announced Friday that a federal jury in New York convicted former Honduras President Juan Orlando Hernández on three charges for his involvement in a drug trafficking and money laundering scheme.  The jury convicted Hernández on all three charges listed in his indictment. These charges included conspiring to import cocaine [...]

Police in the Indian state of Jharkhand summoned reporters from four New Delhi news channels, Indian media reported Tuesday, after former Jharkhand Chief Minister Hemant Soren filed a police report against senior Enforcement Directorate (ED) officials. Reporters from News18, Zee News, Aaj Tak and News24 were summoned as part of the ongoing investigation. The ED, India’s economic law enforcement [...]

Mozambican President Filipe Nyusi cannot be sued in English courts over allegations that he accepted unlawful bribery payments as part of Mozambique’s “tuna bond” scandal, according to a Thursday decision from the English Court of Appeal. The money laundering scheme nearly crashed Mozambique’s economy and embezzled individuals worldwide. The Court of Appeal ruled that Nyusi [...]

A US District Court judge sentenced former FBI special agent Charles F. McGonigal to 28 months in prison followed by a period of supervised release on Friday for an undisclosed receipt of $225,000 from an individual with ties to the Albanian government. A federal grand jury indicted McGonigal in January 2023. The original nine-count indictment [...]

The Panamanian Ministry of Foreign Affairs announced Friday that it denied the request from the Nicaraguan government to provide safe passage for ex-president Ricardo Martinelli to leave the country after the Nicaraguan government granted asylum to the former Panamanian leader on Wednesday. The ministry also made a statement that it has summoned the Nicaraguan Ambassador [...]

The US and the EU issued statements on Saturday and Friday highlighting their concerns over the Kosovo government’s recent actions in relation to the raiding of Serbian-run organisations, as well as the banning of Serbian currency. The US Ambassador to Kosovo, Jeffrey M. Hovenier, said that the US government was “deeply concerned about recent actions [...]

The Supreme Court of Panama rejected former Panama president Ricardo Martinelli’s appeal submission for his money laundry conviction on Friday, to which Martinelli responded by informing his followers on X (formerly Twitter) that he would be running alongside his running mate José Raúl Mulino for this year’s May election, despite the court’s ruling. Martinelli was [...]

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. [...]

The US Department of Treasury imposed sanctions Thursday on a Sudanese financial institution and two companies accused of funding belligerents in the ongoing civil war in the northeast African country. The sanctions involved Alkhaleej Bank, as well as development company Zadna International and metal ore company Al-Fakher Advanced Works. In a press release, the Treasury [...]

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, [...]