Ukraine arrests French-Israeli wanted in ‘fake CEO’ scam
A huckster sentenced for tricking dozens of French banks and businesses into handing over millions of euros has been arrested…
Fraud & Ethics
710 articles found
Bank official embezzled Dh896,742, court hears
A bank’s assistant manager embezzled more than Dh890,000 after forging documents, the Dubai Court of First Instance heard on Wednesday.…
Epic Saudi fraud trial coming to a close in Cayman court
One of the biggest trials in Cayman Islands history involving the Middle East’s longest-running business feud is coming to an…
Addressing money laundering and terrorist financing risks
Many countries, including Jordan, have taken holistic measures to address money laundering and terrorist financing risks. Besides a multitude…
Barclays Trial on Qatar Payments Set for Jan 2019
Barclays trial and four former top executives accused of fraud over undisclosed payments to Qatari investors as part of a…
DFSA Fines and Bans former Senior Executive Officer
The Dubai Financial Services Authority (DFSA) has fined Mr Andrew Grimes, a former Senior Executive Officer (SEO) of a DFSA…
AgustaWestland chopper case: ED arrests woman director of Dubai firm
The Enforcement Directorate on Monday arrested Shivani Saxena in connection with the multi-crore Agusta Westland chopper scam. Saxena is the…
Tax fugitive deported from Dubai, jailed in UK
One of Britain's most wanted tax fugitives has been returned to the UK after being apprehended at Dubai Airport last…
Barclays defendants released on bail
A group of former Barclays executives have been released on bail in a case concerning allegations they conspired to commit…
Qataris pocketed £1bn from Barclays bail out… yet shareholders are still nursing huge losses
A controversial rescue plan which has left Barclays facing a fraud trial may have netted £1 billion for Qatari investors,…
Nearly 2,000 caught up in ‘biggest ever’ Abu Dhabi scam
Almost two thousand people have been caught up in a AED800m (£172m, $218m, €195m) Ponzi-style investment scheme that turned out…
Barclays and four former executives are charged with fraud
IN 2008, as banks cracked on both sides of the Atlantic, Britain’s government prepared to shore up tottering lenders. …