Kazakh leader’s £100m London bolthole

A tailor’s Tale It all started when a taxi driver told me he had recently had a Russian tailor in the back of his taxi who had asked him to take him to a house on the Bishop’s Avenue in North London. The then President of Kazakhstan, Nursultan Nazarbayev, had …

Russian VTB Bank in frame for rigging auction

London judge rules auction-rigging case can go to full trial CommentEmailSavePrint Mar 06 2018 Nick Kochan A London commercial court judge has given a provisional ruling that a case alleging VTB Capital, a Financial Conduct Authority-regulated institution, rigged an auction to sell Bulgaria’s largest telecommunications company, should go to full trial. …

Corruption in South Africa

  Corruption puts South Africa in peril   When corruption becomes endemic, it is not just isolated individuals or parts of the economy that are undermined, but the rules of the game are changed possibly irreversibly. This can have far-reaching consequences  The body politic ails grievously as a result.  Corruption …

Airbus in talks to settle fraud claims for £1 billion

The Serious Fraud Office and French prosecutors are in close discussion over the terms of a £1 billion-plus settlement for Airbus over corruption allegations. The deal, called a Deferred Prosecution Agreement (DPA), would be the largest ever in Europe, after a year-long investigation into irregular payments by Airbus to intermediaries. The …

Spotlight on Belgian court settlements, fears financial crimes brushed under carpet

Jul 18 2017 Nick Kochan, published in ThomsonReuters Compliance Complete   Companies seeking out-of-court settlements in Belgium will face demands for greater transparency following the publication, expected towards the end of the year, of a report drawn up by a committee of 18 parliamentary representatives. One key finding will be the …

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