2022 was the biggest year ever for crypto hacking, with $3.8
billion stolen from cryptocurrency businesses. Hacking activity ebbed and flowed throughout the year, with
huge spikes in March and October, the latter of which became the biggest single
month ever for cryptocurrency hacking, as $775.7 million was stolen in 32
separate attacks. Read More...
Wadyajena bought 25 trucks in US$5m Cottco scam, court
HARARE – Justice Mayor Wadyajena, Zanu PF’s Gokwe Nembudziya MP and chairman
of the parliamentary committee on agriculture, siphoned millions of dollars
from the Cotton Company of Zimbabwe in an elaborate scam before buying 25
haulage trucks, a court heard on Wednesday.
The Lambourgini-pushing MP, who was arrested on Tuesday, was so frustrated
when told his bail application would spill over to Thursday he offered to
transport court officials to their homes if the hearing would continue well
into the evening.
The offer was slapped down by magistrate Stanford Mambanje.
Wadyajena is charged with fraud and money laundering involving US$5 million
together with four others and two companies, including his Mayor Logistics.Read More ...
Former President takes the stand in the secret debt scandal trial
Maputo, MOZAMBIQUE. For 10 years, from the beginning 2005 until the end of 2014, Armando Guebuza
was the most powerful man in Mozambique
. He controlled the levers of power as president of both the republic and of the governing Frelimo party.
But for two days, more than a week ago, Guebuza was treated like an
ordinary citizen and subjected to gruelling questioning in a courtroom
in Maputo. He was forced to explain his role in the $2.2-billion “hidden
debt” scandal that plunged the country into a severe financial crisis —
and took place under his watch. Read More ... ____________________________________
South Africa's North West Province: The pathology of a corrupt province
South Africa, North West. The province is now the focus of more than 50 criminal cases involving the theft of public money. There are 17 cases currently enrolled in court, involving 19 people — including a former head of department, three former municipal managers and a mayor. The cases relate to public funds amounting to R53.5-million, and most of the charges relate to fraud and corruption.
This shows a breathtaking scale of corruption has taken place in almost every part of the province — in Ventersdorp, Wolmaransstad (two), Orkney (two), Rustenburg, Makapanstad, Zeerust, Mmabatho, Setlagole, Potchefstroom, Christiana and Taung. The 19 cases currently under investigation show startling levels of corruption around the provision of basic public services such as housing, healthcare centres and roads in a province that has shown a desperate need for basic infrastructure. Read More ...
U.S. Attorney Announces Extradition Of Kenyan National For Large-Scale Trafficking Of Rhinoceros Horns And Elephant Ivory And Heroin Distribution
26-01-21, KENYA, Nairobi. Audrey Strauss, the United States
Attorney for the Southern District of New York, announced today that MANSUR MOHAMED SURUR, a Kenyan citizen, was extradited from Kenya. SURUR was arrested by Kenyan authorities on July 29, 2020, in Mombasa, Kenya, on charges of conspiracy to
traffic in rhinoceros horns and elephant ivory, both endangered wildlife species, which involved the illegal poaching of more than approximately 35 rhinoceros and more than 100 elephants. In addition, SURUR was charged with conspiracy to commit
money laundering and conspiracy to distribute and possess with intent to distribute more than 10 kilograms of heroin. SURUR’s co-defendant, Moazu Kromah, “Kampala Man,” a citizen of Liberia, was previously deported to the United States from
Uganda on June 13, 2019. Co-defendant Amara Cherif, a citizen of Guinea, was extradited to the United States from Senegal on April 3, 2020. Co-defendant Abdi Hussein Ahmed, a citizen of Kenya, remains a fugitive. SURUR is expected
to be arraigned later today before U.S. Magistrate Judge Debra Freeman. The case has been assigned to U.S. District Judge Gregory H. Woods. Read More ...
D&M Rail Boss granted bail of N$15000
Windhoek, NAMIBIA, 13 Jan 2021, DAVID 'Dawie' Moller
and his co-accused in a money-laundering case were granted bail in the amount of N$15 000. Magistrate Eden Iyambo also postponed the managing director of D&M Rail Construction and his co-accused's case to 28 April in the Gobabis Regional
The railway company is co-owned by James Hatuikulipi, one of the accused in the Fishrot corruption scandal.
Moller and Hendrick Rooi are accused of money laundering, the failure to declare funds, being found in possession of unexplained funds, theft and the possession of suspected stolen property. Read More ...
OR Tambo bust: gold bars worth R61m seized, 3 arrested
- Gold bars weighing 73.5kgs were seized from three
people at OR Tambo International Airport on New Year's Eve.
- They are due in court where they face charges of
dealing in precious metal and the contravention of the Customs Act.
- - The three had flown to South Africa from Madagascar.
From the UK’s first
Deferred Prosecution Agreement to a plea bargain in Tanzania
Dar es Salaam, TANZANIA. The first
Deferred Prosecution Agreement (DPA) of the United Kingdom Serious Fraud Office (SFO), secured on 30 November 2015 at the Royal Courts of Justice, London, has on 26 August 2020 given rise to a plea bargain settlement in Tanzania. As
announced by Tanzania’s National Prosecutions Service (NPS), this nets the Tanzanian authorities TZS 1.5 billion (approx. USD 650,000 or GBP 500,000). Standard Bank PLC (now ICBC Standard Bank PLC) was the subject of an SFO investigation.. Read More...
Mozambique: London hidden debts trial may call Presidente Filipe Nyusi
Credit Suisse is threatening to call the president
of Mozambique, Filipe Nyusi, in the trial opposing the investment bank to the African state in the High Court of London in the case of ‘hidden debts’, due to be heard next year. The Attorney General’s Office of Mozambique initiated
this case in the British courts to try to cancel the debt of $622 million (552.6 million euros) of the state-owned company Proindicus to Credit Suisse and to demand compensation to cover all losses resulting from the ‘hidden debt’ scandal.