London based group claims 55 Nepalese stashed $45 million in Swiss banks By Riyaz ul Khaliq ANKARA The Nepalese government promised an investigation Friday into an alleged scandal involving 55 citizens of the land-locked Himalayan country that stashed money abroad — an act considered illegal locally. The assurance comes two days after the London-based Centre […]

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Following revelations earlier this week by The Shift News about the hospitals deal that saw Vitals Global Healthcare, just 21 months into its 30-year contract, transferring its concession to run three state hospitals for €70 million a year to Steward Healthcare for a paltry €1, there are some vital questions that need to be answered. […]

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BRUSSELS (Reuters) – The European Commission has opened an investigation into the tax treatment of Nike Inc (NKE.N) in the Netherlands, saying this may have given the U.S. sportswear maker an illegal advantage. The Nike case, announced on Thursday, follows other probes by the EU executive since 2013 into tax schemes in Belgium, Gibraltar, Luxembourg, […]

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Turkish journalist Pelin Ünker has been sentenced to jail for a story she wrote revealing details about the former Turkish Prime minister and his sons’ business activities in Malta. Speaking to Jacob Borg, Ms Ünker says that she is now awaiting the outcome of an appeal to see if she will go to prison for […]

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Federal authorities announced a raft of conspiracy and tax fraud charges Tuesday against four men in the first U.S. prosecution related to the so-called Panama Papers. The 11-count indictment unsealed in Manhattan stems from what prosecutors described as an “intercontinental money laundering scheme” involving a global law firm based in Panama. Two Germans, one American […]

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Abdulla Yameen, the autocratic leader of the Maldives whose rule saw the corrupt handouts of 50 of the country’s islands, was defeated on Sunday in a landslide election that elevated opposition lawmaker Ibrahim Mohamed Solih to power after five years of deepening autocracy. Ibrahim Solih campaigns in the Maldives (CC 4.0)The elections were “the most […]

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Islamabad: An anti-corruption court in Pakistan on Monday sentenced ousted prime minister Nawaz Sharif to seven years in jail in the Al-Azizia Steel Mills graft case while acquitting him in the Flagship Investments corruption case in the high-profile Panama Papers scandal. Accountability Court II Judge Muhammad Arshad Malik announced the short verdict in the two […]

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A court decision to throw out a request for a magisterial inquiry into the Panama Papers does not absolve public officials from political responsibility, Adrian Delia said. The Opposition leader was reacting to a ruling by Judge Giovanni Grixti, who described Simon Busuttil’s assertions for a magisterial inquiry as “mere speculation”. READ ALSO: Why a Maltese […]

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Frankfurt DEUTSCHE Bank AG chief executive officer Christian Sewing last year launched a further internal investigation into the lender’s role as correspondent bank for scandal-ridden Danske Bank’s Estonian unit, even though he hasn’t seen any evidence of wrongdoing. The bank had previously probed its role in the case as well as any involvement in a […]

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