The president of oil-rich Azerbaijan and his two daughters own foreign luxury flats and homes -- three of them in London -- together worth $140 million.
Entries in Dubai (8)
In a criminal fraud and False Claims Act settlement Monday with total penalties amounting to $389 million, a whistleblower collected $16 million from the $101 million paid to settle the FCA portion of the case.
The Securities and Exchange Commission said Monday it sanctioned two former employees in the Dubai office of a U.S.-based defense contractor for violating the Foreign Corrupt Practices Act by taking government officials in Saudi Arabia on a “world tour” to help win business for the company. The two later created phony records to hide their offenses.
Extradition is the official process where one country transfers a suspected or convicted criminal to another country. The process dates back to at least the 1300s BC, when Ramesses II of Egypt negotiated an extradition treaty with Hattusili III, a Hittite king.
The UK Serious Fraud Office said Monday it has launched a formal investigation of survey and construction services firm Sweett Group.
A passport control officer in Dubai accepted bribes to alter exit report records, making it look like nearly 5,300 people left the country between August 2007 and August 2012 when they actually went no where.
Deutsche Bank agreed on Monday to turn over documents related to a regulatory probe into the operations of its Dubai-based wealth management division.
Another high-flying China official has been indicted for taking bribes.