Israeli billionaire Beny Steinmetz and two associates are facing criminal charges in Switzerland for allegedly paying bribes to win mining licences in Guinea between 2005 and 2010.… Continue Reading
Former SNC-Lavalin CEO Pierre Duhaime pleaded guilty Friday to helping a public servant commit breach of trust.… Continue Reading
Luxury Swiss watchmaker Hublot announced a new product this week: a $25,000 watch that can only be bought with bitcoin.… Continue Reading
A former Geneva-based oil trader was given an 18-month suspended sentence for bribing officials in Africa in exchange for oil shipments.… Continue Reading
Police in Kuala Lumpur are releasing more details about what they’ve seized from houses and condos belonging to Najib Razak, the former prime minister voted out of office this month amid a growing corruption investigation.… Continue Reading
Switzerland’s financial regulator said Thursday that JPMorgan Chase & Co. seriously breached anti-money laundering regulations in its dealings with Malaysian sovereign wealth fund 1MDB.… Continue Reading
In my recent previous posts on the BOTA Foundation, I recapped its history and provided what I think were some of the critical factors which led it to be recognized as the most successful example the United States Department of Justice has had to date in returning recovered corruption assets.… Continue Reading
The agreement to start the Foundation emerged in 2007 after more than two years of discussion between the Governments of the United States, Switzerland and Kazakhstan (known as “the Parties”) about the disposition of $84 million, plus interest, that had been frozen in a Swiss account since 1999.
That account was controlled by the Government of Kazakhstan.
The funds in it were suspected by the U.S.… Continue Reading
Brazil construction giant Odebrecht S.A. and its petrochemical unit, Braskem S.A., pleaded guilty Wednesday to paying bribes around the world.… Continue Reading
The former president of the Costa Rican soccer federation and a member-elect of the FIFA executive committee pleaded guilty Friday in federal court in Brooklyn, New York to taking hundreds of thousands of dollars in bribes.… Continue Reading