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Tuesday, June 18, 2019

Tag: embezzlement

Suspicious financial activity at Vatican reaches six-year low

Reforms made to lower reports of suspicious financial activity in the Vatican is a success states an internal watchdog.

Charity foundation man jailed for embezzling RM973,000

Court is told that his wife, also with Yayasan Budi Penyanyang, had transferred the money into his personal bank account to pay off a moneylender.

Verdict due in MtGox bitcoin embezzlement case

Mark Karpeles is alleged to have repeatedly manipulated computer data over several years while embezzling a total of US$3 million of clients' money deposited at the company.

Tabung Haji says depositors’ savings are safe

It gives the assurance following recent police reports against its former chairman and other senior members of management.

Ex-DoJ worker pleads guilty to lying over 1MDB-related lobbying

The former DoJ employee facilitated financing a lobbying campaign to resolve civil and criminal matters related to the department's investigation into the 1MDB scandal.

How kingpins behind looting of S. Africa may evade justice

Criminal charges would have to be pursued by the police and National Prosecuting Authority, which have been hamstrung by management upheaval and a shortage of manpower and skills to tackle complex cases.

Korean Air chief indicted on embezzlement, other charges

The airline declined to comment and did not make Cho available for comment.

Moody’s downgrades Danske bank ratings over money-laundering probe

The ratings agency downgraded its long-term deposit and senior unsecured debt ratings from A1 to A2.

Lotte chairman Shin freed as court suspends corruption sentence

A series of government probes into corruption allegations against Lotte executives led to convictions including the group’s founder Shin Kyuk-ho and his younger son Shin Dong-bin.

Former El Salvador president jailed 10 years for embezzlement

The former president also has to give back US$260 million to the state.

Prosecutors demand 20 years in jail for ex-South Korea president Lee

The case against Lee means all four former South Korean presidents who are still alive have been charged or convicted for criminal offences.

Hong Kong targets fugitive tycoon accused of laundering billions

Billionaire Guo Wengui fled to the US in 2014 and has since accused China's elite of corruption by posting graft allegations on social media, and called for a "change of the regime" in Beijing.

French actors protest as Russian director’s house arrest extended

The enfant terrible of Russian theatre was charged with defrauding the state of more than US$2.1 million in arts funding.

Mahathir: Najib may not be around to participate in next GE

Prime minister tells ChannelNews Asia he expects Najib Razak to be charged with corruption and a ‘lot of other things’.

Ex-1MDB boss Lodin says no comment on Najib’s criticism

Lodin Wok Kamaruddin says he is just a 'small fry' and does not wish to become involved in Najib Razak's claim that 1MDB board members hid the alleged embezzlement of funds from him.

Spanish king’s brother-in-law turns himself in to serve prison sentence

Urdangarin was found guilty in February last year of using royal connections to overcharge regional governments through public contracts to stage sports and tourist events and with tax fraud.

Kula: Decision next week on HRDF board resignations

Minister says a committee is being formed to look into allegations that RM300mil has been misappropriated from the human resources fund.

Former South Korean president Lee slams corruption charges

Lee Myung-bak faces multiple charges including bribery, abuse of power, embezzlement, and tax evasion.

Arul Kanda: Police release 1MDB accounts

Audit firm given access to some of the original documents seized in July 2015, says company president.

Arul Kanda: DoJ yet to contact 1MDB

1MDB chief says the company itself is not under investigation, and is open and willing to cooperate.

Former Peru leader Fujimori says has tumor in his lungs

Fujimori has become a frequent hospital visitor and was pardoned in December by then president Pedro Pablo Kuczynski on grounds of his failing health, in a decision which divided the country.

Graft verdict set to make or break Senegal’s rising star

Dakar mayor Khalifa Sall's political career could be derailed by a possible conviction for embezzlement of public funds.

Kazakhstan jails ex-minister for embezzling US$3 million

Former Kazakhstani economy minister Kuandyk Bishimbayev was sentenced to 10 years in prison for corruption,

Vietnam oil exec ‘kidnapped’ from Germany goes on trial

Trinh Xuan Thanh, the former head of state-run PetroVietnam Construction, stands trial for alleged mismanagement and embezzlement.

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