Nordea has said that allegations made by Finnish broadcaster
The Finnish broadcaster reported the news on 4 March as part of a series of a special investigation into leaked papers showing how vast sums of Russian money were
Former Nissan chairman Carlos Ghosn will be released from jail on Wednesday after Tokyo prosecutors lost an appeal against the decision to grant him bail of 1 billion yen (US$8.9 million), according to reports.
Ghosn was granted bail on 4 March. Tokyo prosecutors lost the appeal against the bail decision on 5 March.
Japan’s Securities and Exchange Surveillance Commission (SESC) charged Ghosn on 10 December 2018 with aggravated breach of trust and filing false statements about his income. He has pleaded not guilty.
While in prison, Ghosn was reportedly subjected to continuous interrogation and little contact with his lawyer.
Canada’s minister of digital government, Jane Philpott, announced her resignation on 4 March citing her “serious concerns” over evidence that the former justice minister was pressured to help the Montreal-based engineering company enter into a settlement to resolve Libya bribery charges.
Jody Wilson-Raybould testified before Canada’s parliament on 27 February that she had been pressured by officials and Prime Minister Justin Trudeau to help SNC-Lavalin enter into a deferred prosecution agreement (DPA) to resolve the charges while she was justice minister. Trudeau has denied wrongdoing.
Wilson-Raybould stepped down from her more recent ministerial role on 12 February.
Kenya’s Directorate of Criminal Investigations (DCI) summoned Finance Minister Henry Rotich for a second round of questioning on 5 March over a multimillion-dollar scandal involving advance payments for two dam projects, according to reports.
The DCI announced on 25 February that it was investigating what it described as a fraudulent construction deal for two dams, valued at US$63 million. Local news reports that although the finance ministry has made payments towards the construction of the
The DCI is investigating an advance payment of US$20 million to Italian construction company CMC Di Ravenna for the dam construction, according to local reports.
The Tokyo District Court has handed two former Mitsubishi Hitachi Power Systems executives suspended sentences in Japan’s first case involving a plea bargain deal, according to reports.
The court sentenced Fuyuhiko Nishikida and Yoshiki Tsuji to 18 and 16 months’ respectively, for bribing an official from Thailand’s Ministry of Transport.
The bribes were paid to receive
Japan introduced the plea-bargaining system in June, which enables companies and individuals to receive a reduced sentence in return for cooperation in investigations. The former Mitsubishi plea bargain was agreed shortly afterward in July.
The Australian Securities and Investments Commission (ASIC) is scheduled to interview the former chairman and CEO of Commonwealth Bank of Australia (CBA) over a money laundering scandal that saw the bank agree to the country’s largest-ever corporate settlement, according to the Australian Financial Review.
Former CEO Ian Narev and ex-chairman Catherine Livingstone have not commented publicly on the report.
CBA agreed to pay A$700 million ($496 million) in June 2018 in a settlement with the Australian Transaction Reports and Analysis Centre that ended one of the money laundering investigations the bank faces. ASIC continues to investigate the company.
Deborah Luskin, Anant Modi, Selma Della Santina and Sarah Wrigley
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