More than 10,000 people have volunteered to crowd-source election results posted at polling stations across Indonesia on Wednesday in a real-time bid to thwart attempts at fraud during the biggest single-day election in the world. Nearly 193 million people are eligible to vote for the Southeast Asian country’s president and thousands of legislative seats, a […]
fraud
Top Abraaj executives arrested on US fraud charges
The chief executive and a managing partner of the collapsed Dubai private equity firm Abraaj Capital Ltd. have been arrested on US charges that they defrauded their investors, including the Bill & Melinda Gates Foundation. Abraaj founder and Chief Executive Arif Naqvi was arrested in the United Kingdom last Friday, while managing partner Mustafa Abdel-Wadood […]
German authorities raid homes, offices in tax fraud probe
German prosecutors have searched over a dozen offices and homes across the country as part of their investigation into a massive tax fraud going back more than a decade, officials said Thursday. The scheme involved so-called cum-ex transactions in which participants would lend each other shares so they could collect reimbursement for taxes they hadn’t […]
Huawei charm offensive runs into buzzsaw of US charges
Fraud, obstruction of justice and cloak-and-dagger trade theft — a US rap sheet alleging systematic skullduggery by Chinese telecom giant Huawei has deepened the company’s problems just as it sought to win back global trust. The US Justice Department this week unveiled a raft of charges against Huawei which could see its Chief Financial Officer […]