BY ICIR AND ORDER PAPER Four companies, two with foreign ownership, that deal in importation of electronic and household appliances have exploited a defective import tariff waiver policy of Nigerian government and special forex allocation to manufacturers by Central Bank of Nigeria (CBN) to make billions of naira through fraudulent claims. One of the companies, […]

The Accountability Court resumed hearing in a reference pertaining to assets beyond means case filed against former Finance Minister Ishaq Dar on Wednesday. Accountability Court Judge Justice Mohammad Bashir heard the case against the former finance minister wherein the co-accused Saeed Ahmed, former president National Bank of Pakistan (NBP), Naeem Mehmood and Mansoor Rizvi, the […]

MANILA, Philippines — The Metropolitan Manila Development Authority (MMDA) on Wednesday (May 8) suspended the implementation of number coding scheme for provincial buses in line with the 2019 Midterm Elections. The measure, according to MMDA Chief Bong Nebrija, is to accommodate commuters traveling to and from the provinces during the the elections.  Meanwhile, the MMDA […]

Panama Papers – raids on banks and accounting firms, investigators have nationwide, several private and business premises searched. Companies in tax havens the accused to have evaded taxes. © Photo: Thomas Lohnes/ During a RAID in the entire Federal territory, investigators have a wide range of business and private premises searches. You have spaces in […]

Over the past five years, the Adani Group has expanded its presence across India. Not only is it the country’s largest private port operator, coal importer, coal miner, private power producer, city gas distributor and importer of edible oils, it has also expanded into airports, urban water management, small and medium sector lending, power transmission […]

By Barrington M. Salmon, TriceEdneyWire.com, Trump America and the administration of President Donald Trump continue to reel from the fallout caused by the release of the redacted report of Special Counsel Robert Mueller. The 448-page document, produced after a 22-month investigation into alleged ethical and possibly criminal and illegal behavior by Trump, members of his […]

–Khan was taken into custody in February for alleged possession of assets beyond known sources of income LAHORE: The Lahore High Court (LHC) on Wednesday approved the bail of Pakistan Tehreek-e-Insaf (PTI) leader Aleem Khan in an assets beyond income and offshore company cases. A two-judge bench, headed by Justice Ali Baqar Najafi, approved the bail […]

FRANKFURT (Reuters) – Frankfurt public prosecutors said they led a nationwide raid on eight homes and six asset managers on Wednesday as part of an investigation into wealthy individuals suspected of tax evasion. The action, which involved around 110 investigators, was a follow-up on a police raid last November of Deutsche Bank over money laundering […]