Poland:Polish financial regulator resigns after bribery report
November 14th, 2018 The head of Poland's financial regulatory body resigned Tuesday following a report alleging that he had sought a multimillion dollar bribe from the owner of a troubled bank in exchange for favors. Marek Chrzanowski, the director of the Financial Supervision Authority, said he was innocent and described the allegations as "dishonest...
United States: 1 Navy officer sentenced, 1 pleads guilty in bribery case
November 14th, 2018 A retired U.S. Navy captain has pleaded guilty, while another former Navy officer was sentenced to 17 months in prison in a wide-spanning Navy bribery scandal involving a Malaysian defense contractor. Jeffrey Breslau, 52, of Georgia, pleaded guilty in federal court in San Diego on Thursday to a criminal conflict of interest charge. So...
South Africa: South African court approves winding up graft-hit VBS bank
November 14th, 2018 A South African court on Tuesday approved an application by the central bank to wind up VBS Mutual Bank, which was caught up in a corruption scandal this year. A report commissioned by the South African Reserve Bank and titled “The Great Bank Heist” found that at least 1.9 billion rand ($132 million) had been looted from VBS and...
Malaysia: Malaysia PM says U.S. DOJ will help return money Goldman Sachs charged for 1MDB dealings
November 14th, 2018 Malaysia Prime Minister Mahathir Mohamad said U.S. prosecutors had promised to help return money that Goldman Sachs charged for its dealings with troubled Malaysian state fund 1MDB. The U.S. investment bank has been under scrutiny for its role in helping raise funds through bond offerings for 1MDB, which is the subject of corruption...Anti-Corruption Compliance Solutions
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