Daily

Pandora Papers Investigation Continues to Make Waves

The Pandora Papers revelations have for a second week prompted responses from those exposed by them, and from governments and civil society groups, who have either completely denied, or belittled the findings, or pledged to take action.

American Executive Defrauded Shareholders of Almost $1 Billion

An American who was formerly the executive vice president of U.S. operations at a Canadian oil-services company pleaded guilty on Wednesday to conspiring to fraudulently inflate his company’s reported revenue, resulting in shareholders losing over US$886 million.

Former Brazilian CEO Sentenced to 20 Months for Bribery Conspiracy

A former chief executive officer (CEO) of Braskem S.A., a Brazilian petrochemical company, was sentenced in a New York court on Tuesday to 20 months in prison for his role in a conspiracy to use US$250 million of his former company’s money to bribe government officials.

Europe-wide Police Operation Busts Online Fraud Scheme

Authorities in Germany, Bulgaria, Cyprus, the Netherlands and Ukraine teamed up against an organized crime group suspected of binary option fraud and believed to have scammed people of millions of euros, European law enforcement agencies said.

A Month of Record Contraband Seizures in Hong Kong

In a series of anti-smuggling operations this past month, customs officials in the Chinese special administrative region of Hong Kong have seized tens of millions of dollars of contraband, surpassing local records.

Human Rights Concerns Overshadow the Saudi Newcastle Takeover

Since the English Premier League announced their approval of a Saudi Arabian bid to buy Newcastle United Football Club last week, human rights groups and civil society actors have expressed concern over what they see as the kingdom’s attempt to ‘sport wash’ its negative international image and have urged for tighter ownership rules.

U.S. Sanctions Alleged Drug Traffickers of Mexico’s CJNG Cartel

The U.S. Office of Foreign Assets Control (OFAC) sanctioned four Mexican nationals last week, accusing them of trafficking large quantities of fentanyl and other dangerous substances into the United States on behalf of the Cártel de Jalisco Nueva Generación (CJNG), one of Mexico’s most dangerous criminal organizations.