Managers of Wealth Africa

Five banks 'suspiciously' handled Sh1bn NYS cash, DCI tells DPP

The charges are for concealing and facilitating, aiding, abetting and benefiting from proceeds of the crimes.

DCI probe recommends charges on 5 top banks, officials over Sh8bn NYS fraud

KCB received a total of Sh800 million with Sh148.3 million being transacted illegally while Equity Bank received Sh886 million, out of which Sh264 million and $58,000 (about Sh5.8 million) was transacted suspiciously by officials of the bank, the DPP note

Libya's sovereign wealth fund chairman detained: official

The official said Mohamed was being interrogated, declining further comment. Mohamed could not be reached for comment.

Standard Chartered pleads guilty to manipulating the rand

The Commission said it would consider the impact of the order on the ongoing forex litigation with the banks in South Africa.

Top suspect arrested in bank hackers crackdown

The suspect is believed to have lived in the US for about a decade between 2000 and 2010, having emigrated as a refugee from Somalia.

Angelo Agrizzi and six others charged with money-laundering and fraud

Hawks spokesperson Hangwani Mulaudzi has confirmed that five of the suspects will appear in court in Pretoria on Wednesday morning

Phishing scams in the spotlight again, warns bank

Bank warns phishing scams are a real issue facing financial institutions and the public.

Kenyan Tycoon Manu Chandaria To Lose Company Over $60 Million Debt

Kaluworks is a subsidiary of Clovis Company Limited

Former Sanlam Financial Advisor Gets Suspended Sentence For Fraud

Francois Martinus Labuschagne was arrested in January 2017 following a six-year investigation into fraudulent activities in the Ceres Sanlam branch.

Former Sanlam financial advisor must pay back the money

The convicted former financial advisor had been on the run before he was arrested in Limpopo

NIC Bank CEO faces jail in car loan row

The judge heard his orders will be deliberately frustrated and the rule of law and justice obscured by the bank

Fall-out over Mozambique debt scandal risks spill-over into Angola

EXX Africa has conducted a source investigation to explore the role of the Angolan political elite in the Mozambique debt scandal and the potential existence of further undisclosed debt issuance.

Kenya-based foreign firms pledge to stick to Nairobi after attack

Hotel guests and workers from companies like Visa Inc had to hole up for several hours while the attackers were hunted down and killed.

Credit Suisse Off the Hook in U.K.

The move takes pressure off Credit Suisse, which has found itself mired in scrutiny over the deals.

Ghana: Police confirm arrest of wanted businessman in Dubai

The Police statement said some Ghanaian officials have already visited NAM1 in Dubai Police custody, and are making possible arrangements to extradite the man to his country, where he was declared wanted by a court in Accra.

Pressure mounts on BoG to prosecute staff involved in banking rot

Investigations into the alleged misconduct by some staff of BoG commenced thereof after the people involved in the act were identified.

Conflicting Accounts on Int’l Alert for GTBank Manager’s Rearrest in Nigeria

Shortly after the protest, Magistrate Peabody was contacted by the Daily Observer.

Tuna bond scandal may spell more trouble for Credit Suisse

Prosecutors could yet conclude that the bank put business interests before compliance

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.

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

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