According to a disclosure made by the bank to the Securities Exchange Commission on March 20, 2017 Dutch prosecutors announced their investigation of Netherlands-based bank ING for its alleged involvement in money laundering and corruption in Uzbekistan, According to the Dutch prosecutors, the subject of the investigation includes “unusual payments by VimpelCom to the company […]

Hedge fund Och-Ziff has agreed to pay $413 million fines to U.S. regulators after a subsidiary was charged with paying bribes to government officials in several African nations. Chief Executive Daniel Och will pay a $2.2 million fine. According to the Securities and Exchange Commission, Och-Ziff used intermediaries, agents, and business partners to pay bribes to high-level […]

Bribery relating to investments in Cambodian biofuel (Sustainable Growth Group) In 2012, the SFO launched an investigation into the mis-selling of investment products between April 2011 and February 2012 relating to biofuel Jatropha tree plantations in Cambodia by Sustainable Growth Group (SGG) and its subsidiary Sustainable AgroEnergy plc (SAE). The biofuel products were sold to UK investors, who were, […]