A former chief risk officer for Deloitte & Touche settled SEC civil charges alleging he accepted tens of thousands of dollars in “casino markers” while serving as an adviser on the audit of a casino gaming corporation.… Continue Reading
Kong Chuizhu the vice-chairman of People’s Congress Standing Committee in southwestern China’s Yunnan province, has been hospitalized after attempting suicide.
Sources from the Yunnan provincial government told Caixin the 61-year-old Kong, left, cut his wrist, arms and neck with a broken wine glass in late March.… Continue Reading
As the financier of development projects around the globe, the World Bank has been a leader in the effort to eradicate poverty through lending.
It also has caused concern with the American defense bar i about corruption investigations that aren’t required to follow any nation’s rules of criminal procedure or recognize the American concept of due process.… Continue Reading
Deposed former Egyptian president Hosni Mubarak was sentenced Wednesday by a Cairo court to three years in prison for embezzling public funds.
Mubarak’s two sons were jailed for four years on charges of stealing state funds that had been earmarked for the renovation of presidential palaces but were diverted to make lavish renovations to family properties.… Continue Reading