11/06/2019
Capitec shares can be sold to settle state capture losses, court rules
Judge Bashier Vally ruled against Capitec in the Johannesburg High Court on Tuesday.
Legal
11/06/2019
8 Kenyans arrested in Rwanda over Equity Bank cyber fraud attempt
The Rwandese authorities said the case file has been compiled and submitted to the country’s Prosecution team for further direction.
11/05/2019
Ex-PPMC boss to forfeit N2.4bn, property to FG
Investigation revealed that N1.4bn was traced to six accounts in two different banks
11/05/2019
The Impact of Illicit Financial Flows to African Economiest
According to the IFF panel’s 2013 African Progress report at the World Economic Forum, the continent was reported to be losing more through IFFs than it receives in aid and foreign direct investment.
11/04/2019
Manhattan condo cited in Nigeria corruption case listed for $7.1M
Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News
11/03/2019
World changes tack, now targets individuals to take responsibility for their misdeeds
The restrictions have a vein – they are mostly against warlords and the corrupt.
11/03/2019
Bridgette Motsepe-Radebe cited in Botswana R10 billion theft
The court heard that Maswabi was found to have more that $390 million in her nine personal global accounts
11/01/2019
203 ex-employees drag Union Bank to court
He said that the defendant ignored the Pension Reforms Act 2004 and continued paying the claimants’ regular pension until January 2013 when the National Pension Commission compelled it to comply with the Act.
10/30/2019
Old Mutual bid to remove judge a 'desperate attempt' to delay case, says lawyer for Moyo
Old Mutual has denied it is in contempt of court, saying its relationship with its former CEO has been "completely destroyed".
10/28/2019
South Africa: fraud considered more serious than murder Heavier punishment imposed
In a recent incident, a fraudster was given a 20-year jail sentence for stealing an accumulative amount of R4.9 million through fraud over a period of time.
10/25/2019
Warring parties avert court battle
In June, the group further said in a statement that the board had initiated an investigation into allegation against Darfoor with the results leading to his departure.
10/21/2019
South Africa targets billions siphoned off to US, UK, UAE by the Guptas
The bulk of Guptas' assets in South Africa are expected to be auctioned off to repay creditors as the brothers had fled to Dubai
10/18/2019
Twice-fired CEO wants Old Mutual directors jailed for six months
He was fired in June, and again in August in an open letter to shareholders in which the company said it was clearly in the best interests of the company and its stakeholders that the employment relationship with Moyo should come to an end.
10/18/2019
Credit ombud fired over R850 000, faces criminal complaint
Lala-Mohan, who previously headed the Credit Ombud’s Council, was appointed in November 2015.
10/17/2019
‘Fraudsters hacked bank server, stole Flour Mill’s N752m’
Lawal is standing trial alongside his firm, DCAN Oil and Gas Limited.
10/17/2019
R415 million laundered using Bitcoin and South African ‘money mules’
Its analysis revealed that the individuals had given their personal details to a money remittance syndicate, enabling it to open accounts with a cryptocurrency exchange.
10/16/2019
Ex-Credit Suisse Bankers Will Testify in Mozambique Bribery Case
Detelina Subeva, who worked for Pearse, will also testify for the U.S., according to a person with knowledge of the matter who asked not to be identified.
10/16/2019
Mozambique: Ex-CS bankers appointed as witnesses
They appear in the trial of Jean Boustani as a witness, a former manager of a company in Abu Dhabi, which is alleged to have threaded the delicate billion deal for a tuna fleet in Mozambique.
10/16/2019
The implications of OFAC sanctions on the Guptas
It is important to note that neither the Guptas nor Essa have been found guilty of any crime by a court.
10/14/2019
Bashir's billions and the banks that helped him: Sudan fights to recover stolen funds
A new government and civilian campaigners are determined to fight western banks who helped Sudan's former government embezzle billions