Corporate Crime
Corporate fraud investigations, white-collar crime cases, and business scandals. In-depth coverage of financial misconduct and regulatory violations.
Malaysian fugitive Jho Low spotted in virus-hit Wuhan
Fugitive financier Jho Low was reportedly seen in Wuhan, China, during the COVID-19 pandemic. Malaysian police are seeking his return after he allegedly siphoned billions from the 1MDB sovereign wealth fund.
Contractors to face charges over refurbishment of England’s Grenfell Tower
Several contractors involved in the Grenfell Tower refurbishment are set to appear in court on potential fraud and conspiracy charges. The public inquiry, led by Sir Martin Moore-Bick, will examine the marketing of combustible cladding that contributed to the devastating fire, which killed 72 people and injured 70 others on June 14, 2017.
Telemedicine owners charged in million dollars’ worth fraud scheme
Federal prosecutors indicted Reinaldo and Jean Wilson, owners of Advantage Choice Care and Tele Medcare, for a $56 million fraud scheme. The couple allegedly accepted bribes from medical firms and recruited healthcare providers to order medically unnecessary orthotic braces for Medicare beneficiaries.
Int’l law firm Appleby criticized over Paradise Papers leak
International law firm Appleby faced severe criticism after the 2017 Paradise Papers leak, exposing 13.4 million confidential documents detailing offshore financial transactions of wealthy and influential individuals worldwide, highlighting regulatory failures in terrorist financing and money laundering prevention.
UK’s software founder arrested for fraud charges
Mike Lynch, former Autonomy CEO, has been arrested over fraud charges related to the company's sale to Hewlett-Packard. Prosecutors allege Lynch and his executives inflated profits for three years, causing HP to overpay £8.4bn for the software company, which was later written down to £6.7bn.
Bank exec barred by FED for involvement in Malaysian scandal
A senior Goldman Sachs executive was permanently barred from banking after his involvement in the 1MDB fraud case. The Federal Reserve found Andrea Vella engaged in unsafe practices by arranging bond issues and failing to disclose key information about financier Low Taek Jho's involvement in the transactions.
Mitsubishi denies alleged use of emission defeat devices
Japanese automaker Mitsubishi Motors Corp has defended itself against allegations of fraud, rejecting claims by German prosecutors that it used illegal defeat devices to hide pollution levels in its diesel vehicles. The investigation focused on 1.6- and 2.2-liter engines with Euro 5 and Euro 6 emissions ratings.
Three Malaysian execs face money laundering charges
Former FELDA Chairman Tan Sri Shahrir Abdul Samad and former Trade Minister Datuk Seri Ahmad Maslan were arrested by MACC for allegedly illegally obtaining RM1 million. They are among 80 individuals linked to suspicious 1MDB money transactions and will face anti-money laundering charges in court.
Volkswagen eyes settlement with customers over ‘dieselgate’ scandal
Volkswagen is negotiating a potential settlement with the Federation of German Consumer Organisations over the 2015 "dieselgate" emissions cheating scandal. Around 446,000 German diesel car owners have joined a class action lawsuit alleging the company installed devices to manipulate emissions testing.
Bank of England presscon hacked, hedge funds benefited
The Bank of England's press conference audio was compromised, with hackers gaining early access to the Governor's remarks. High-speed traders potentially leveraged this breach to execute rapid financial transactions before the official broadcast, seeking a competitive edge in trading pound and gilt markets.
