01/09/2019
Tuna bond scandal may spell more trouble for Credit Suisse
Prosecutors could yet conclude that the bank put business interests before compliance
Legal
01/09/2019
Wanted by US, former Mozambican official appears in SA court
The indictment says the projects were fronts that allowed the defendants to pay at least $200 million in bribes and kickbacks to themselves, government officials and others in violation of U.S. anti-corruption laws.
01/08/2019
The banker bros who bankrupted Mozambique
It was this indictment which led South African police to arrest Manuel Chang, the former finance minister of Mozambique
01/06/2019
Customer wins lawsuit against Gold Coast Securities over unpaid investment
Dr. Badoe in his writ said he invested a total of GHc328, 127.43 with the finance house on August 24, 2018, and was due to receive an accrued interest of GHc50, 000 on September 6, 2018, but all efforts to retrieve his cash failed.
01/04/2019
Three former Credit Suisse bankers have been arrested on London
They have been released on bail in London while the United States seeks extradition.
01/03/2019
Ex-Swiss diplomat cleared in Sh5bn Kenya graft case
The Swiss Federal Criminal Court found in its decision published on December 20, 2018 that “nothing illegal had taken place."
01/02/2019
Agony of retired teachers seeking Sh42bn pension
Justice ordered TSC and pensions department to pay all retired teachers covered by the 1997 deal their full benefits.
01/02/2019
Mozambique’s ex-finance minister arrested in South Africa
Chang is already in trouble back home after his ministry guaranteed $2 billion in secret borrowing by state-owned firms in 2013 and 2014.
12/27/2018
Children of the eminent dead fight over wealth
Others are former Makueni MP and prominent judge Jackson Mulwa and children of billionaire businessman James Mwangi Kirung’o alias Kahama who owned K1 Club House.
12/24/2018
NRZ Pension Fund sues Telecel
NRZ Contributory Pension Fund filed summons at the Bulawayo High Court citing Telecel Zimbabwe as the defendant.
12/20/2018
South Africa Issues Arrest Warrant For Grace Mugabe
It is unclear why the reporting of the warrant was delayed and there has been no response yet from Mrs Mugabe or Zimbabwean authorities.
12/20/2018
Clifford Chance urges law firms to tackle corruption after it found itself in the eye of the storm
The firm, which denies wrongdoing, issued a statement clarifying its position after it became embroiled in allegations over the sale of a jet to the son of Equatorial Guinea's dictator.
12/19/2018
I didn’t collapse Capital Bank — Otabil
The statement of defence, signed by his lawyer, Mr Yonny Kulendi, and which is a response to a suit filed by the receivers, also refuted claims that Pastor Otabil and the board that he chaired breached banking, company law or any other related laws during
12/19/2018
Ecobank Denies Manipulating Figures to Boost Financial Results
It was reported that the principal manager in the directorate of inspection and monitoring at FRCN, Olumuyiwa Ajibade, confirmed that “The council is working on it (issue). That’s as much as we can divulge at this time.”
12/18/2018
Corruption allegations take the shine off South Africa’s ‘kingmakers’
The leaders of the radical left-wing EFF party have been accused of receiving looted money
12/17/2018
Ex-Bank MD Jailed 19 Years For Fraud
The prosecution led by Chukwu Agwu called four witnesses who testified against the convict, as well tendered several exhibits.
12/17/2018
StanChart sued over $78000 unauthorised withdrawal
The association said StanChart negligently failed to verify the forged signatures of people who withdrew $$78 219 from its account over a period of four years.
12/14/2018
South Africa's Zuma must pay mounting legal fees: court
The judge also ordered the recovery of state funds previously spent defending Zuma
12/13/2018
Trader sues bank for freezing his account
The businessman says he deposited $200,000 (Sh20,514,000) to his account at the Gulf Bank but when he went to its Eastleigh Branch on October 1 to transfer some funds to a supplier, he was told his account had been frozen.
12/13/2018
Nigerian court adjourns MTN, central bank case
The adjournment came at the request of the central bank and MTN lawyers.