Region: Asia-Pacific

World Bank debars Bangladesh engineering company for 22 months

The Dhaka-based company admitted to engaging in “corrupt and fraudulent practices” related to a bank-funded project to improve water access in Chattogram.

01 November 2023

FCPA Docket: GE Healthcare discloses potential FCPA violations in China

Medical device maker GE Healthcare said in a financial report that it had disclosed potential FCPA violations to the SEC and DOJ in 2018 related to its operations in China, and the FCPA unit is seeking a permanent second-in-command.

31 October 2023

US recommends probation for fired DOJ employee who assisted 1MDB influence campaign

Prosecutors said George Higginbotham should serve a reduced sentence in light of his “expansive” cooperation with the government’s investigation into two secret campaigns to lobby the Obama and Trump administrations.

30 October 2023

“Do you see, sir, any word of bribe?”: Boustani defends Mozambique deals

A salesman for shipbuilder Privinvest has denied paying bribes to any public officials in the Republic of Mozambique during testimony in a long-running UK civil suit the country has brought against his employer.

30 October 2023

Sanctions Docket: Fridman loses OFSI challenge over payment waivers

In the latest round-up of sanctions developments, oligarch Mikhail Fridman has lost a tussle with OFSI for permission to make further payments towards the upkeep of his house, and a US automotive electronics supplier is still waiting to hear from OFAC almost a decade after a voluntary self-disclosure of potential sanctions breaches.

27 October 2023

Australian police accuse Chinese remittance business of massive money laundering scheme

Seven people have been charged and Austrac is taking regulatory action following “the most complex AFP-led money-laundering investigation in the nation’s history” targeting Changjiang Currency Exchange.

26 October 2023

Court to hear evidence following Fugees rapper’s retrial request

An evidentiary hearing has been set for December to help the court determine whether Pras Michel, who was convicted for his role in the 1MDB scandal, should be granted a retrial.

25 October 2023

World Bank debars Vietnam construction company for fraud and obstruction

The development bank said the company has been barred from bidding on contracts for more than three years because it misrepresented its finances and later obstructed an investigation by the bank’s anti-corruption unit.

19 October 2023

FinCEN leader meets with Israeli financial intelligence agency chief

19 October 2023

Russian businessman unsuccessful in first Australian sanctions challenge

Australian lawyers said that the recent judgment confirms that the threshold in Australia for overturning a sanctions designation is even higher than in the UK.

13 October 2023

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