DPP SEEKS FORFEITURE OF FOREIGN JET, FAKE GOLD & $5.6 MILLION
By Staff Writer | October 16, 2023, Zambian
The Director of Public Prosecutions has applied before the
Lusaka High Court, Economic and Financial Crimes registry for a private jet
used in the gold scam case to be forfeited to the State. Read more...
By Paul Ogemba, 18 November 2023: The
A former senior manager at Kenya Rural Roads Authority (KeRRA) has lost property worth Sh500 million acquired through corruption.
Justice Esther Maina ordered Margaret Wanja Muthui and her associates to forfeit the property to the state after finding that she enriched herself through proceeds of crime and used proxies to register them. Read more...
The arrangement aims to facilitate and foster the exchange of information
on suspicious financial transactions relating to facts and offenses falling within the remit of the EPPO.
“It also underlines the efforts of both parties to make the fight against money laundering, and the underlying offences that damage the financial interests of the European Union, as effective as possible,” Tracfin said in a statement. Read more...
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 hears
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 ...