One December evening in the late ’90s, I met a friend in a Moscow restaurant. I drank two zero-alcohol beers that night an eccentric posture, in a Russian-Georgian restaurant and then drove back to my borrowed flat in a car lent to me by my successor as the
FT’s Moscow Correspondent. In Russia, no alcohol is permitted at all when driving a law fashioned, it would seem, to allow the city’s GAI (Gosurdarstvennaya Aftomobilnaya Inspektsiya, or state traffic police) to supplement their low pay. As I was passing one of the new luxury hotels, a thick bundle of clothes propelled on boots and topped with a badged fur shapka waved his stick before my windscreen and motioned me to pull over. He told me to wind down my window, and stuck his head in. “Dikhnite!” (“Breathe!”) he instructed. Then he smiled, stepped back, saluted, and told me to get out of the car.
Unitel sues Isabel dos Santos company as her corporate empire continues to crumble
Luanda Leaks showed how the mobile company became a cash cow for the Angolan billionaire. It’s now seeking repayment of loans totalling $430 million. December 17, 2020 An Angolan walks by the a shopping mall with a Unitel advertisement in Angola.
Angola’s largest mobile phone provider has sued a company controlled by billionaire Isabel dos Santos after it stopped repaying loans following a cash crisis deepened by the Luanda Leaks investigation.
In paperwork filed in a London court in October, Unitel alleged that dos Santos’ Dutch company, Unitel International Holdings BV, or UIH, defaulted on loans issued from 2012 to 2013. Unitel is seeking the immediate repayment of more than $430 million.
US medical industry urged to reassess paid events amid doctor kickback concerns
The rare ‘fraud alert’ from the Department of Health and Human Services could signal a harder line on industry-funded speaker programs.
Salix Pharmaceuticals knew exactly what kind of doctors it wanted to woo.
Gastroenterologists, treating patients suffering from irritable bowel syndrome a malady that afflicts up to 45 million people in the United States alone needed to be convinced to prescribe Salix’s anti-diarrhea drug, Xifaxan, Salix determined, according to a U.S. government lawsuit the company later settled. One inconvenient wrinkle: the drug hadn’t actually been approved for such use.
Malta’s Police Investigating Italian National Suspected Of Planning To Launder Billions For Mafia
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Malta’s police are investigating an Italian national on suspicion of laying the groundwork to launder billions for mafia organisation with the help of local companies.
A police spokesman confirmed with The Times of Malta that Roberto Recordare, the owner of two Maltese companies – Golem Malta Limited and Recordare Holding – is under investigation by the Financial Crimes Investigation Department
The two companies official operate as software companies. RSM Malta in Haz-Żebbuġ, who audits the companies, is their registered address.
The news comes soon after Italian media revealed wiretaps of Recordare referencing his links to Malta. In one tape, he allegedly mocks the assassination of journalist Daphne Caruana Galizia.
Here’s what is changing after the FinCEN Files shook the world of banking
After ICIJ and BuzzFeed News published a joint investigation, officials across the globe began to take action to thwart criminals and illicit financial activity. December 17, 2020 The Office of the Financial Crimes Enforcement Network, or FinCen, a department within the United States Treasury, is seen in Vienna, Virginia
Exposing a torrent of dirty money that the world’s most powerful banks transact in plain view of government regulators, the FinCEN Files investigation has roiled the financial industry like few stories since the Great Recession and catalyzed forceful action in the US and beyond.