Managers of Wealth Africa

Libya State Fund Sues Credit Suisse

At the time, LIA demand to see documents in connection with the businessman and four banks, among them Credit Suisse.

Appleby Mauritius Advises and Secures the Legitimate Interests of the Founder of the Vuna Group Before the Supreme Court of Mauritius

The team are experts in the resolution of every type of commercial and civil dispute, whether through litigation or arbitration and alternative dispute resolution.

Nigerian, 12 others jailed for $10m wire fraud in U.S.

What followed was an investigation that has ensnared 13 defendants and uprooted a complex international fraud scheme responsible for losses in excess of $10 million, agents and federal prosecutors say.

What is a standard and why does it matter to me?

COFI sets out the broad principles that will govern the conduct of financial institutions, but specific requirements and rules will be published in Conduct Standards, Prudential Standards or Joint Standards.

SARS in urgent court bid to block access to Zuma’s tax records – report

SARS officials then picked up on these payments, which caused ructions within the agency at the time. SARS threatened legal action against Pauw for publishing "confidential taxpayer information".

New Mauritian rules facilitating cross-border insolvency proceedings

New rules facilitating cross-border insolvency proceedings came into force on 11 October 2019 and shall be deemed to have come into operation from 25 July 2019.

Nigeria, FBI turn the heat on Yahoo yahoo scammers

After decades of wishy-washy efforts to stem the vice, Nigerian authorities have been stung into action by a grand jury in the United States of America indicting 77 Nigerian fraudsters on August 23, 2019.

Mozambique to appeal South African ruling to set aside extradition of ex-finance minister

His homeland has also requested his extradition, sparking a legal battle over where Chang should be sent.

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.

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.

Ex-PPMC boss to forfeit N2.4bn, property to FG

Investigation revealed that N1.4bn was traced to six accounts in two different banks

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.

Manhattan condo cited in Nigeria corruption case listed for $7.1M

Anti-Corruption News Story Curated by Anti-Corruption Digest International Risk & Compliance News

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.

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

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.

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".

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.

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.

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

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