Tullow Oil declared force majeure on its offshore exploration block in Guinea following the disclosure that its partner, U.S.-based Hyperdynamics Corporation, is under investigation by the DOJ and SEC for possible violations of the Foreign Corrupt Practices Act.… Continue Reading
Prosecutors in Switzerland have opened a money-laundering investigation into Gulnara Karimova, the eldest daughter of the president of Uzbekistan, Islam Karimov.
A federal jury found Bolivia’s anti-corruption chief guilty of traveling to Miami to extort $30,000 from a wealthy Bolivian businessman who was facing trumped-up charges back home.
Bolivian National Police Col.… Continue Reading
The London High Court’s recent decision in Otkritie v. Urumov, with headline damages of about $150 million, involved two discrete (but ultimately connected) frauds perpetrated on a Russian investment bank.… Continue Reading