07/30/2019
Dark web criminal bought 'quadrillions of Zimbabwe bank notes'
The purchase is thought to have been part of a wider money laundering scheme
Legal
07/30/2019
D-Day for Old Mutual and former CEO Peter Moyo
He claimed that Manuel did not pay due diligence to corporate governance.
07/29/2019
Zimbabwe tourism minister charged with corruption over pension fund
Mupfumira is also accused of leaning on the pension fund to enter into property deals with the same bank worth $15.7 million.
07/29/2019
Toyota Kenya sued for breaking rate ceiling in car loans
“Toyota Kenya Ltd, by virtue of ownership strings, must take responsibility for the same after compelling our clients to use Tsusho Capital Ltd as financiers,” says Cofek in court papers.
07/29/2019
Joint Press Communique on the “Mauritius Leaks”
The Government of Mauritius has taken cognizance of the information averred by the ICIJ in the articles, which were illegally obtained and tampered with, and of the allegations which are of a serious and malicious nature, and factually incorrect.
07/29/2019
Banks, their customers and unending legal battles
Between Monday and Tuesday, he heard the case between Shoreline Power Company (SPC) and Ecobank.
07/23/2019
Kenyan finance minister arrested on graft charges
Rotich and 27 co-accused face eight charges
07/22/2019
South African graft monitor ‘deceitful’, ‘not honest’: top court
Cyril Ramaphosa, who succeeded Zuma as president of the ruling ANC and of the country in a divisive contest, said Sunday he would take Mkhwebane to court over a report that found he had misled parliament about a donation to his campaign fund.
07/21/2019
Ex-Credit Suisse Banker Admits Kickbacks in Mozambique Scam
Andrew Pearse among ex-bankers charged in $2 billion scandal
07/19/2019
Old Mutual Denies Moyo's Claims about Manuel
Ex-CEO Peter Moyo alleged that his dismissal was a result of a break down in his relationship with Trevor Manuel after he had objected to Manuel’s triple conflict of interest on the transaction.
07/14/2019
Diamond Deal - Famous Actor and Accomplices Head to Court
The complainant says that upon arrival the suspect placed diamonds on the table
07/12/2019
Why Looted Assets Are Difficult to Recover
Magu stated that Africa has come to the realization that one person, continent, agency or country alone cannot fight corruption and win
07/12/2019
Well-known financial advisor Thomas Stringfellow arrested
Hands himself in over missing client money. P
07/11/2019
ANC accused of pressuring public pension fund for money
Former chief said ruling party wanted cash for annual rally
07/10/2019
South Africa: Mkhwebane vs Reserve Bank - No Sign of Life At the ConCourt
The Gauteng High Court in Pretoria earlier delivered a scathing judgment when it set aside Mkhwebane's findings against Absa and the SARB.
07/07/2019
Nigeria court orders former minister forfeits $40m jewelry
On Tuesday the court also ordered former first lady Patience Jonathan, wife of Goodluck, to forfeit $33 million in local and hard currencies that was in her bank account after she failed to explain its source.
07/06/2019
Old Mutual to oppose Moyo's bid for reinstatement
Old Mutual is an investor in that company.
07/05/2019
Old Mutual to file court papers against Moyo’s bid for reinstatement
Moyo has turned to the courts in an attempt to be temporarily reinstated as CEO and to claim damages
07/03/2019
High Court bars Ngirita siblings from accessing money in KCB accounts
Phyllis Njeri Ngirita, Lucy Wambui Ngirita, and Jeremiah Gichina Ngirita were named as respondents in the case with two companies – including Platinum Credit Limited – being named as interested parties.
07/01/2019
Sassa stops payments to 2‚800 bank accounts over fraud claims
The instruction had been put on 2‚200 accounts from different banks and 600 from the South African Post Office (Sapo) nationwide‚ it said.