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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Dutch, U.S. investigate ING for corruption

ING is under criminal investigation by Dutch prosecutors for money laundering and corruption in Uzbekistan, and authorities in the United States have also requested information from the bank.

In its annual report, ING said this week it is “the subject of criminal investigations by Dutch authorities regarding various requirements related to the on-boarding of clients, money laundering, and corrupt practices.”… Continue Reading

VimpelCom reaches $795 million resolution with U.S., Dutch authorities

Amsterdam-based VimpelCom Limited, the world’s sixth-largest telecommunications company, and its wholly owned Uzbek subsidiary, Unitel LLC, entered into resolutions with the DOJ, SEC, and Dutch authorities Thursday for paying more than $114 million in bribes to a government official in Uzbekistan between 2006 and 2012.… Continue Reading

Feds chase $300 million of Karimova loot

Image courtesy of the BBC via YouTubeA federal judge in New York last week said the DOJ can seize $300 million allegedly linked to the telecoms scandal involving “a relative of Uzbekistan’s president.”… Continue Reading

Japan to Vietnam: Give back our bribe money

Japan suspended aid for a $41 million railway project in Hanoi until Vietnam returns $782,000 in bribe money a Japanese contractor gave officials at Vietnam’s state railway company.

Yamamoto Kenichi from the Japan International Cooperation Agency (JICA) said last week in Hanoi that Japan will restart funding for the project after Vietnam returns the money that Tokyo-based Transportation Consultants (JTC) Inc.… Continue Reading