03/20/2018
$500m Fraud: Fund Can Be Returned To Angola -Britain
According to the deputy Attorney-General, Joao Coelho, the former governor of the central bank of Angola is indicted for the crime of embezzlement and money laundering.
Legal
03/20/2018
Zimbabwe vows to name and shame offshore cash holders as it struggles to repatriate $1.4 billion
Zimbabwe's new President Emmerson Mnangagwa has said that less than half of the $1.42 billion believed to be illegally kept abroad have been brought back onshore, despite the deadline for an amnesty period passing.
03/20/2018
Deloitte gets extension to African Bank hearing
While Irba says it is facing pressure from the public and Parliament to act swiftly.
03/19/2018
Saudis continue to detain largest investor in Ethiopian Renaissance Dam
The Sheikh’s press office responded to the newspaper’s inquiry about his whereabouts saying “he was in the Ritz-Carlton, but we have been told by his family members that he was moved, along with others, to another hotel”.
03/19/2018
SocGen Earmarks €1B To Handle US Probes Into Libor, Libya
The French bank said in a regulatory statement that it earmarked the funds to deal with investigations by the U.S. Department of Justice and the Commodity Futures Trading Commission.
03/14/2018
Pension fraud: I’m not part of Maina’s task force, Oronsaye tells Reps
Testifying before the committee chaired by Ananyo Nnebe, who represents Awka South federal constituency of Anambra State in the House, Oronsaye
03/14/2018
Dentons to combine with seven elite firms in Africa, the Caribbean and South East Asia
Combinations will uniquely position the world's largest law firm to meet client needs in yet more places around the globe
03/13/2018
US insurance group sues Old Mutual
The JSE-listed insurance group said the case was "in relation to pre-existing [London] head office legacy items relating to previously disposed of US assets".
03/13/2018
BPOPF Audit exposes P1.5 billion ghost pensioners
An audit at the Botswana Public Officers Pension Fund (BPOPF) has exposed possible corruption.
03/12/2018
Libyan Foreign Bank is gambling with Libyans’ money, CBL says
The UN report said that the Libyan Foreign Bank and Jumhouria Bank gave the money to Alwatar and Hadaeq Tarabulus companies which are owned by one person, Abu Bakr Abu Sahmain
03/12/2018
S.Africa looks to strip Gupta brother’s residency
Ajay Gupta, a fugitive sought by police over alleged graft, now faces the prospect of losing access to banking facilities as well as his South African identity papers if his residency is rescinded
03/12/2018
Zuku shareholders help Kenyan revenue office in Mauritius tax evasion case
The three applicants had told the court that they have information that KRA does not have with regard to Bell’s responsibility as the representative of the offshore companies, a position that makes him directly answerable on the suspected tax avoida
03/12/2018
Court rules Bank of Baroda can close SA operation
The Indian state-owned international bank cited its fading relationship with Nedbank a the reason it wants to close its SA branch.
03/08/2018
Criminal case opened against Bank of Baroda
The complaint was lodged with police in reaction to a report by the Organized Crime and Corruption Project
03/07/2018
Linklaters, Dechert line up on USD 4 billion African bond issue
The bonds were issued at three maturities with a five-year and 10-year tranche raising USD 1.25 billion each and a 30-year tranche raising USD 1.5 billion.
03/07/2018
New international standard a key feature in ENSafrica’s latest anti-bribery and corruption survey
This new standard is designed to support organisations in their fight against bribery and promote an ethical business culture
03/07/2018
Conyers announces MBO
“We are delighted to announce the management buy-out of Conyers Mauritius business by the three leading international business lawyers operating the Mauritius office of Conyers Dill & Pearman, namely, Sameer K. Tegally, Sonia Xavier, and Ashvan
03/05/2018
Canada lent a family $41 million to buy a luxury jet. Now the jet is missing.
EDC was helping Bombardier Inc., the Canadian aerospace firm, land the jet sale.
03/05/2018
No More Happy Play Grounds for Gupta Brothers
The brothers’ network of friends in high places has not been able to lessen their woes in South Africa.
03/05/2018
P60 billion of pensioners’ funds up for grabs
According to a damning letter to BPOPF Chief Executive Officer (CEO) Boitumelo Molefhe, which has been passed to Weekend Post, the lawyer of CMB seeks a retraction of the said falsehoods peddled against them.