Region: Africa & Middle East

Swiss money laundering probe into Egypt’s former ruling family fizzles out

Swiss prosecutors have closed an 11-year-long investigation into ousted president Hosni Mubarak’s “entourage” after seizing just $34 million of almost $650 million in frozen funds.

14 April 2022

Fired Fresenius GC files lawsuit over whistleblower claims

The former top US lawyer at Fresenius claims he was dismissed last month for reporting concerns about bribery, corruption and embezzlement at the German medical company.

13 April 2022

DOJ investigates corruption allegations at Norwegian energy company

US authorities have opened an investigation into alleged corruption at Oslo-based energy company PetroNor.

13 April 2022

UAE broadens whistleblower protections

Featured in In-house

Dubai’s financial services regulator has introduced new rules to encourage individuals to blow the whistle about corporate misconduct.

11 April 2022

JPMorgan attacks Nigeria’s case theory in OPL 245 fraud lawsuit

On the final day of a civil trial over JPMorgan’s liability in a Nigerian bribery scandal, the bank said Nigeria’s reluctance to implicate a former president in corruption has hamstrung the case.

07 April 2022

Another conviction overturned in UK Unaoil case

A London appeal court has quashed the conviction of ex-SBM Offshore sales manager Paul Bond over the same disclosure failures that saw a former colleague’s conviction thrown out some three months earlier.

24 March 2022

FATF adds UAE to financial crime grey list

07 March 2022

JPMorgan: former president authorised controversial Nigerian oil deal

US lender JPMorgan has denied breaching its duty of care to the Nigerian government by allegedly enabling public officials to pilfer the lion’s share of a $1.3 billion oilfield sale in 2011.

28 February 2022

Nigeria: JPMorgan ignored “glaring” signs of corruption on oil deal

The Nigerian government has accused US lender JPMorgan of breaching its duty of care to the country after $875 million from a lucrative oilfield sale allegedly ended up in the hands of corrupt public officials.

23 February 2022

World Bank debars consultants in Nigeria soil erosion project

The World Bank banned a Nigerian consultancy and its managing director from participating in projects financed by the Bank over corrupt payments made on an environmental project.

23 February 2022

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