Region: Africa & Middle East

FCA eyes enforcement against Luxembourg bank

03 February 2022

Steinmetz: Vale “turned a blind eye” to corruption suspicions

Israeli businessman Beny Steinmetz has told a London court that Brazilian miner Vale is not an innocent victim in their bitter legal dispute over a joint project in Guinea that collapsed amid allegations of bribery.

01 February 2022

Steinmetz “at the heart” of mining company accused of corruption

Brazilian mining company Vale has told a London court that controversial Israeli businessman Beny Steinmetz lied that his eponymous company did not pay bribes to secure lucrative mining licences in Guinea.

26 January 2022

Proposed anti-corruption agency in South Africa to face uphill struggle

Experts said the Anti-Corruption Authority of South Africa would be hamstrung by the public prosecutor’s poor financial crime track record.

10 January 2022

Zondo Commission publishes first report into corruption in South Africa

05 January 2022

Convicted former Petrofac executive ordered to forfeit annual bonuses

A former top sales executive at oil services company Petrofac must disgorge £141,000 in profits from his role in several foreign bribery schemes.

15 December 2021

Swiss court convicts private bank over laundered 1MDB funds

Switzerland’s federal criminal court has ordered Falcon Bank to pay $11.6 million after the private lender processed funds stolen from Malaysian development fund 1MDB.

15 December 2021

South Africa overturns ex-Steinhoff executive’s insider trading penalty

14 December 2021

UK quashes conviction of former Unaoil executive

The Attorney General’s Office has commissioned an independent review of failings at the SFO after a UK appeals court threw out the foreign bribery conviction of a former Unaoil executive.

10 December 2021

Beny Steinmetz arrested in Greece

Greek authorities have arrested Israeli businessman Beny Steinmetz after he was convicted in Romania of bribing local officials.

10 December 2021

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