Citigroup Inc. will pay $7 billion to settle a U.S. investigation into shoddy mortgage-backed securities the bank sold as the country headed toward financial crisis, including the largest civil fraud penalty ever imposed by the U.S.… Continue Reading
The UK Serious Fraud Office said Monday it has launched a formal investigation of survey and construction services firm Sweett Group.
A notice on the SFO website dated July 14 said:
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The SFO confirmed today that the Director has opened an investigation into Sweett Group in relation to its activities in the United Arab Emirates and elsewhere.
Chinese authorities detained a leading television anchor minutes before airtime.
Rui Chenggang didn’t appear on Friday night’s newscast on China Central Television and his chair was empty.
The exact reason for his detention isn’t known.… Continue Reading
I attended the oral argument Thursday in the Delaware Supreme Court in the Walmart case. The world’s biggest retailer is asking the Delaware supremes to overturn a lower court ruling last year requiring it to disclose files from an internal FCPA probe to the shareholder plaintiffs.… Continue Reading
Prosecutors in China have filed formal charges against British private investigator Peter Humphrey and his American wife, the state-controlled Xinhua news agency said Monday.
The co-founder of government contracting companies that did business with the Navy Military Sealift Command was sentenced Friday for bribery and conspiracy.
A senior intelligence and interrogations official from Israel’s National Fraud Unit was arrested in late June for allegedly selling information relating to police investigations, according to a statement Thursday from the Justice Ministry’s internal affairs division.… Continue Reading