On 11 March 2015 Graham Marchment pleaded guilty at Southwark Crown Court and was sentenced to 2.5 years imprisonment for his role in the award of contracts in a series of high-value infrastructure projects. Marchment, a British national originally from West Sussex, but resident in the Philippines in recent years. His guilty plea follows the conviction after […]

Former president of the Brazilian Football Confederation Ricardo Teixeira was indicted on Monday for fraud and money laundering. Ricardo Teixeira, once Brazil’s most powerful soccer official, has become the latest figure in the sport to become embroiled in scandal and controversy after being charged with money laundering and tax evasion. The former head of the […]

Barclays has launched an internal review into whether its accounts were used for corrupt payments by FIFA officials, a banking source told AFP on Sunday. Standard Chartered has also said it was investigating payments cited in the US indictment. UK-headquartered Barclays, Standard Chartered and HSBC were among more than a dozen banks referred to in […]

The UK government is fighting to keep secret details of how it handled allegedly corrupt transactions related to a contract to equip Saudi Arabia’s national guard, saying that to disclose the information would jeopardise counter-terrorism co-operation. Two top officials this week testified before a tribunal in London in support of the Ministry of Defence’s decision […]

How the UK’s property market is serving as a money-laundering vehicle for the world’s criminal and corrupt. The son of former Kyrgyz President Kurmanbek Bakiyev lives in a £3.5 million mansion in the Borough of Reigate and Banstead in Surrey, despite being convicted in his homeland of the attempted murder of a UK citizen and […]

Swiss prosecutors have uncovered over 300 accounts suspected linked to Petrobras corruption Switzerland has frozen roughly $400 million in Swiss accounts in the investigation and has begun to return an initial 120 million to Brazilian officials, Swiss Attorney General Michael Lauber said at a news conference in Brasilia. “We do not tolerate the misuse of […]

A Chilean judge ordered the arrest of Carlos Alberto Délano and Carlos Eugenio Lavín, owners of financial holding company Penta Group, and four associates who face tax fraud and bribery charges. Penta officials have been accused of issuing fake invoices, evading taxes, falsifying statements and illegally financing the electoral campaigns of candidates from the right-wing […]

Four companies in Bolivia, Bangladesh, and Cambodia will be sanctioned for misconduct in World Bank-related projects, The World Bank said in a statement. “The World Bank announced the debarment of four companies involved in misconduct relating to projects in Bolivia, Bangladesh and Cambodia,” the statement, issued on Wednesday, said. Two Bolivian companies, Empresa Constructora y […]