The decision to detain Jose Socrates sent shockwaves through Portuguese politics Portugal’s former centre-left PM, Jose Socrates, has been remanded in custody on suspicion of corruption, tax fraud and money laundering. Mr Socrates, 57, was detained on his return from Paris on Friday and has already spent three nights in jail. The judge delivered the […]

A former HMRC tax officer who set up an online business trading games consoles, video games and DVDs has been sentenced for stealing more than £12,000 from the public purse. Foster set up the business after he was sacked from a HMRC contact centre in Country Durham in 2009. Neil James Foster fraudulently declared £31,000 […]

An Indian-origin former leader of a now defunct Hindu temple in Georgia has been sentenced to 27 years in prison for committing bank and tax frauds, money laundering and using the temple’s income to fund his personal lifestyle. Annamalai (49), also known as Swamiji Sri Selvam Siddhar, was in August last convicted for bank and […]

Royal Bank of Canada’s wealth-management subsidiary in the Bahamas is caught up in tax fraud and money-laundering allegations involving billionaire international art dealer Guy Wildenstein. French prosecutor Franck Charon confirmed on Monday that France’s tax-evasion watchdog – Parquet national financer – has recommended to an investigating judge that RBC Trust Company (Bahamas) Ltd. be charged […]

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 […]

Authorities in Brussels have charged HSBC’s private banking arm, which is based in Switzerland, with helping wealthy Belgians to avoid taxes. Prosecutors allege that hundreds of clients – including diamond dealers in Antwerp – moved money to offshore tax havens with the help of the bank. They said it resulted in hundreds of millions of […]

Swiss private bank Julius Baer is cooperating in a French investigation into suspected money laundering and tax fraud by a former client involved in the European carbon allowances market, a spokeswoman said, following French media reports. News agency AFP said last week the bank is suspected of receiving funds in a Swiss account that were […]

The Spanish monarchy was dragged deeper into a corruption case Wednesday when Princess Cristina was charged with tax fraud and money laundering by a judge investigating whether her husband and business associates embezzled millions in public funds earmarked for sports events. The royal household had hoped to contain the scandal to the princess’ husband, Iñaki […]