United States: 1MDB Loot Included Picasso, ‘Dumb and Dumber To,’ U.S. Says
Jun 16, 2017 08:00 pm

The U.S. Justice Department is seeking to recover $540 million in assets — including art works, jewelry and film rights — that it says were purchased with funds misappropriated from Malaysia’s 1MDB wealth fund. This brings the total sought by…

Brazil: Brazil court clears Bradesco CEO in tax probe, shares jump
Jun 16, 2017 07:30 pm

A Brazilian court has cleared Banco Bradesco SA Chief Executive Officer Luiz Carlos Trabuco of trying to illegally dodge a tax fine of 3 billion reais ($911 million), spurring the biggest jump in shares of the nation’s No. 3 bank…

India: First Panama seizure: Top Delhi jeweller’s deposits
Jun 16, 2017 07:00 pm

Fourteen months after the Panama Papers probe in April 2016, the first case of substantial seizures has been effected by the Enforcement Directorate (ED) which issued orders for freezing Rs 7-crore worth of movable assets of Delhi-based jeweller Ashwani Kumar…

United States: Banker Admits to Money Laundering in FIFA Case
Jun 16, 2017 06:30 pm

Jorge Luis Arzuaga, a former managing director at the Swiss bank Julius Baer, pleaded guilty to money laundering conspiracy in Brooklyn federal court on Thursday, revealing his role in the United States’ sweeping criminal case focused on FIFA, the governing…

Singapore: Current, former police officers among 5 charged with corruption
Jun 16, 2017 06:00 pm

A police officer and two former police officers were among five people charged in court on Thursday (Jun 15) in connection with acts of corruption and bribery. Senior staff sergeant Shukor Warji, former senior staff sergeant Tan Bee Song and…

Nigeria: Nigeria Lost $1 Trillion to Tax Evasion By Multinationals in 2016 – Osinbajo
Jun 16, 2017 05:30 pm

The Federal Government lost about $1trillion last year to tax evasion and avoidance by multinationals, acting President Yemi Osinbajo has said. The acting president, who was speaking at the end of the Executive Council of the Federation meeting on Wednesday,…
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