Corruption Currents: China Shifts to Iranian Tankers to Keep Buying Oil

Bribery:

The U.S. Navy’s bribery scandal involving “Fat Leonard” Glenn Francis widened with the indictment of three more retired Navy officials. They couldn’t be reached. (WP, SDUT, HNN)

Indian local officials are facing heat for allegedly taking bribes. (TOI, TI)

Two institutional investors asked a New York judge to certify a class action lawsuit alleging that Banco Bradesco SA made a series of misstatements to conceal a tax bribery scheme. (Law360)

Israeli police arrested 83 suspects in a bribery scandal involving the country’s immigration authority. Separately, a military official stepped down amid corruption allegations. (JP, Ynet, TOI)

Local cases: The trial of a former Pennsylvania mayor has begun. A former Texas judge can’t shake his bribery conviction, an appeals court ruled. (RE, WKBN, AP, Law360)

Fraud:

Interpol confirmed that an Indian fraud suspect is in the U.K.; Indian authorities seek his extradition. (Statesman)

Money

... read more at: https://blogs.wsj.com/riskandcompliance/2018/08/21/corruption-currents-china-shifts-to-iranian-tankers-to-keep-buying-oil/

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