Work Area: Asset recovery

Judges indicate procedural concerns in Unaoil document dispute

“Surely that was inappropriate,” one judge for the US Court of Appeals for the Fifth Circuit said on a closed hearing that occurred with no public notice before the sentencing of Unaoil defendant Saman Ahsani.

06 June 2023

Switzerland to send confiscated funds to Peru in decades-old corruption case

Switzerland’s highest court has ruled to send $8.5 million to Peru after the South American country identified the funds as proceeds of corruption linked to an arms deal in the 1990s.

18 May 2023

Fifa bagman avoids prison for DOJ cooperation

Alejandro Burzaco, who his lawyer called “the superman of cooperators”, will not pay a fine for his role in a scheme to bribe soccer officials for lucrative broadcasting rights.

12 May 2023

1MDB discontinues JPMorgan suit

The sovereign wealth fund asked a Kuala Lumpur court for permission to refile its claim in the future, according to an SEC filing.

04 May 2023

Former Venezuelan treasurer, husband get 15 years in prison for money-laundering

A court in Southern Florida also ordered Claudia Patricia Díaz Guillen and her husband to forfeit $136 million for their roles in a scheme to give a TV mogul illegal access to an artificially high exchange rate.

20 April 2023

Sanctions docket: Taiwan, Brunei companies convicted over Iran tech sales

In a round-up of the latest sanctions developments, two businesses have pleaded guilty to conspiring to breach US sanctions against Iran, and Canada has purportedly set its sights on the assets of a sanctioned Russian airline.

19 April 2023

“Who’s to say that something is impossible?”: inside an effort to seize Russian state assets in the UK

One of the architects of a proposed law to force the UK government to create a new way of seizing Russian state assets to use for Ukraine’s reconstruction has told GIR that the effort is vital for the survival of her homeland.

13 April 2023

California resident sentenced to four years for violating Iran sanctions

An Iranian resident of California will spend four years in prison for violating sanctions by providing financial services that supported the government of Iran’s attempts to kidnap a dissident journalist.

10 April 2023

Estonian man arrested for exporting dual-use technology to Russia

On the same day it announced the arrest, the DOJ said it had succeeded in getting a judge to order forfeiture of more than $800,000 used in a separate illegal scheme to ship a “jig grinder” to Russia.

05 April 2023

DOJ recovers $53 million from Nigerian oil industry corruption

The DOJ said it plans to work with Nigeria to use the funds for the benefit of the country’s citizens.

29 March 2023

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