Managers of Wealth Africa

Former CFO at Merafong Municipality charged in VBS Bank matter

Wienekus has reportedly told investigators that he had made the deposits following instructions from acting Merafong Municipality manager Romeo Mohaudi.

Over $48m distributed to SA banks in Botswana money-laundering case

During a media briefing, Nel said the brief on the case from the DPP was to facilitate developments relating to a request for mutual legal assistance in the Bank of Botswana case.

GN Licence Case: Court of Appeal orders BoG to justify revocation at High Court

The court was presided over by Justice Ackah Yensu with Justices L.L. Mensah and Anthtony Oppong.

Judiciary goes digital in line with new normal

Guidelines on video conferencing in civil trials are yet to be issued.

South African bank looting suspects plead not guilty

Seven face charges of racketeering, theft, fraud, corruption and money laundering at VBS

South African police make arrests over notorious bank corruption scandal

VBS Mutual collapsed in 2018 with £100m of debts allegedly looted in ‘pattern of racketeering’

Hawks arrest VBS ‘kingpin’ Tshifhiwa Matodzi and other directors in early morning raid

Included in those expected to be arrested is former VBS and Vele Investments chairperson Tshifhiwa Matodzi, the alleged kingpin of the theft of depositor’s funds from the bank.

How Zimbabwe paid 2-week old company US$2m, sparking Interpol probe

'This egregious scandal is further confirmation that official corruption is at the root of Zimbabwe’s economic crisis'

Appleby Mauritius Advises On The Tender Offer In Respect Of UPL Corporation Limited's Notes

Appleby Mauritius has a specialist team dedicated to advising clients on Tender Offers.

Fraudster fleeces Nigerians on Facebook with ponmo scheme

Our correspondent got the contact of at least six of his victims, who lost sums ranging from N10,000 to N52,000.

Under-fire African Development Bank boss facing new graft probe

Nigeria, whose stake makes it the bank's biggest shareholder, has made little secret of its support for Adesina.

Swiss Probe Mozambique-Credit Suisse Scandal

ome of them allegedly landed in accounts controlled by Franco-Lebanese billionaire Iskandar Safa.

SA Reserve Bank must release apartheid-era records, court rules

SAHA describes the ruling as a tremendous victory for democracy

Nedbank, Rand Merchant Bank join 28 banks charged with rand manipulation

"The banks must file their answers to these charges, which have now been further substantiated. These charges will not go away," Commissioner, Tembinkosi Bonakele said.

The African movement tracking coronavirus cash corruption

As cases of Covid-19 rise across Africa, international aid is flooding in but there are fears that some of the funds are misappropriated

Kenyan elite accused of stashing Sh320bn abroad

In Kenya, Sh136.2 billion was in bank havens that are secretive and have less regulation, providing a perfect cover to conceal the money trail.

Kenya’s elite cart away Sh328bn of World Bank aid

The study compared data on aid disbursements from the World Bank with foreign deposits from the Bank for International Settlements (BIS), focusing on 22 aid-dependent countries including Kenya, Uganda and Tanzania.

GT Bank Liberia Reputation Questioned, For Allegedly ‘Stealing Monies’ From Ex-President Sirleaf Son’s Accounts

This latest action on the alleged part of the GT Bank Liberia brings to several others who have complained that their accounts were illegally tempered with without redress from the management of the bank as to what gave rise to such action at the bank.

Bureau-de-change operator bags 7 years for fraud

He said the convict had pleaded not guilty to charges

P&ID: FG may file fresh charges against Diezani

The Nigerian government said the 10 banks are “likely to have processed US dollar transactions connected to P&ID’s operations as either correspondent banks or the New York branches of foreign lenders.”

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