November 2018

DAYTONA BEACH —  Alexey Petrovich Lysich is the Russian-born man building a $192 million hotel on the oceanfront — the most expensive hotel-condo development ever constructed along the beach. Documents in a federal lawsuit show another one of Lysich’s high-dollar ventures caught the attention of the Internal Revenue Service. Lysich was nabbed in a 2016 IRS […]

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Lessons, challenges and opportunities of big cross-border investigations, like the Panama Papers and the Paradise Papers, were topics covered in a workshop at the 18th Anti-Corruption International Conference in Copenhagen. Several experts in the investigative journalism field discussed key ways of succeeding when working on big corruption cases. We’ve put together five tips: 1. Follow up […]

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ISLAMABAD: Former prime minister Nawaz Sharif on Friday told the accountability court seized with the Al-Azizia reference that the joint investigation team (JIT) constituted in the Panama Papers case “imposed extremely strict, unreasonable conditions” for recording the statement of Qatari Prince Sheikh Hamad bin Jasim bin Jaber Al-Thani. The Qatari prince was the “missing link” […]

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The criminal probe into the head of the Swiss federal prosecution’s economic crimes division, Olivier Thormann, has been dropped, the attorney general’s office (OAG) said in a statement. The OAG announced last week Thormann’s temporary suspension in connection with “investigations into football and FIFA”, but did not specify which probes the prosecutor had been working […]

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A Swiss federal prosecutor suspended last month in connection with corruption investigations in the world of football has been cleared of wrongdoing and quit his job, authorities said on Friday. The criminal probe into the head of the Swiss federal prosecution’s economic crimes division, Olivier Thormann, has been dropped, the attorney general’s office said in […]

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The report also states that for the first time the notices have been issued under the Black Money Act (Undisclosed Income and Assets) that could lead to 120 percent in taxes and penalty. If it’s found that wrong details were furnished, then an additional Rs 10 lakh penalty could be levied. Also, during the course […]

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You’ve got to admire the guy’s chutzpah, though. For someone who’s running for an entirely unelected post at the helm of the European Commission – and who, last I looked, had absolutely no business to be representing anyone at all, outside his own constituency in Bavaria – it takes a whole lot of nerve for […]

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WikiLeaks shone a light on the duplicity of US foreign policy. The Panama Papers laid bare the network of offshore banking, tax havens and legal loopholes that allows the global super-rich, political dynasties in authoritarian states and organised crime to (the bounds of all three being pretty fluid) hide their capital. But it may just […]

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In August, Argentina’s leading newspaper, La Nación, published an explosive report on public corruption. The newspaper obtained notebooks from a former government chauffeur that detailed tens of millions of dollars in bribes the driver delivered over a decade. Bribery was an open secret during the administrations of presidents Néstor Kirchner and Cristina Fernández de Kirchner, […]

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Although $2 million were found in 17 Black’s account in Dubai, Reuters journalist Stephen Gray said that up to €8 million actually passed through it. 17 Black’s owner, Yorgen Fenech, met the journalist’s direct question on ownership with silence. While being interviewed by RTK’s Follow Up, Gray explained that during the investigation, emails were identified […]

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