United States: Goldman subsidiary pleads guilty in 1MDB scandal

Goldman Sachs’ Malaysian subsidiary pleaded guilty to a bribery charge as the bank agreed a record $2.9bn global settlement with regulators over the 1MDB money-laundering scandal. The settlement on Thursday came as Goldman said it would claw back up to $175m in pay and bonuses from current and former executives

Hong Kong: Goldman Sachs fined US$350 million in Hong Kong over 1MDB

Global financial titan Goldman Sachs was fined US$350 million by Hong Kong’s securities watchdog on Thursday for its role in the massive 1MDB Malaysian bribery scandal, the latest in a growing list of global punishments the firm faces. Goldman Sachs Asia — the Hong Kong-based compliance and control hub of

Malaysia: Mat Sabu’s ex-pol sec charged again with bribery

An ex-political secretary to former defence minister Mohamad Sabu, better known as Mat Sabu, was charged again in the Sessions Court here today with two counts of accepting bribes totalling RM130,000 from a contractor firm last year. Mohd Azhar Che Mat Dali, 49, pleaded not guilty after both charges were

Australia: Australian law enforcement examine Vatican money trail

A range of Australian law enforcement and corruption agencies are examining a reported transfer of money from the Vatican that Italian media have speculated might be linked to the overturned convictions of Cardinal George Pell for child sex abuse. The national financial crime intelligence agency, two police forces and a

Australia: Anti-Slavery Australia announces funding of three research grants

Anti-Slavery Australia is delighted to announce funding of three research grants to drive greater academic anti-slavery inquiry and research. These research grants are part of Anti-Slavery Australia’s strategy to enhance understanding of modern slavery in order to better respond to the needs of survivors and work towards abolition of this human

United States: U.S. tries to get Huawei blocked from Brazil’s 5G networks with $1 billion financing pledge

Washington has stepped up its offensive against Huawei, offering financing to Brazil to get the Chinese telco effectively blocked from the nation’s next-generation 5G networks. During a trip to Brasilia on Tuesday, officials from the Export-Import Bank of the United States (EXIM) and U.S. government signed a memorandum of understanding

Fiji: Man convicted of bribery awaits fate

A former tax officer with Fiji Revenue and Customs Service (FRCS) was convicted of bribery by the Suva Magistrates Court on Tuesday. Pritam Singh was charged by the Fiji Independent Commission Against Corruption (FICAC) in 2015 with one count of bribery for accepting $1200 in cash and $6300 in cheque

Malaysia: Ex-FGV Holdings senior GM charged over RM10,000 bribe

A former senior general manager of FGV Holdings Bhd was charged in the Sessions Court here today with agreeing to accept RM10,000 in gratification to recommend a company for audit work to obtain the International Sustainability Carbon Certification (ISCC) for FGV Palm Industries Sdn Bhd. Norazam Abdul Hameed, 52, pleaded

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