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On January 8, 2021, US authorities announced that they reached an agreement with Deutsche Bank Aktiengesellschaft (Deutsche Bank) to resolve the government’s investigation into violations of the Foreign Corrupt Practices Act (FCPA) as well as a separate investigation into a commodities fraud scheme.
According to the criminal information, between 2009 and 2016, Deutsche Bank employees, including managing directors and high-level regional executives, conspired to make payments to business development consultants (BDCs) who were acting as proxies for foreign officials, and then violated the books and records provision of the FCPA by falsely reporting these corrupt payments and bribes. According to the information, Deutsche Bank also participated in a separate scheme to engage in fraudulent and manipulative commodities trading practices involving publicly-traded precious metals futures contracts. As part of the resoluti
Frankie Locsin, the former mayor of Janiuay town in Iloilo province. (Frankie Locsin/Facebook)
PRO-6 Spokesperson Lt. Col. Joem Malong told The Manila Bulletin Tuesday, January 12, that Locsin was transferred to the National Bilibid Prison (NBP) in Muntinlupa on Monday, January 11.
Malong said that Locsin was taken into custody from a hospital in Iloilo City, where he has been under hospital arrest since June 2019.
To recall, the Western Visayas regional office of the National Bureau of Investigation (NBI) arrested Locsin in June 2019. This was a month after winning the May 2019 mayoralty race of Janiuay town.
Locsin’s June 2019 warrant was issued following a Supreme Court ruling, which upheld the Sandiganbayan’s February 2015 conviction of Locsin and five others for violating Republic Act No. 3019 or the Anti-Graft and Corrupt Practices Act.
PhilHealth, private healthcare officials slapped with charges
THE National Bureau of Investigation (NBI) on Monday filed new criminal and administrative complaints against officials of the Philippine Health Insurance Corp. (PhilHealth) over alleged irregularities in a financial assistance program for health care institutions hammered by “fortuitous” events like the coronavirus pandemic.
The NBI filed the complaints before the Office of the Ombudsman against resigned PhilHealth president and chief executive officer Ricardo C. Morales, among other former and current officials, for alleged violation of the Anti-Graft and Corrupt Practices Act.
The respondents also face raps for allegedly misappropriating funds in violation of the National Health Insurance Act of 2013. They also face administrative charges of grave misconduct, gross negligence, and conduct prejudicial to public interest.
NBI probes COVID vaccine import | Tempo – The Nation s Fastest Growing Newspaper tempo.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tempo.com.ph Daily Mail and Mail on Sunday newspapers.
The NBI is ready to investigate the alleged unauthorized importation and use of COVID-19 vaccines even as it has yet to receive the written order from the Department of Justice to do so, NBI Deputy Director Ferdinand Lavin said on Saturday.