On May 20, 2019, news outlets reported Detelina Subeva entered a guilty plea. Plead guilty pursuant to a sealed agreement to one count conspiracy to launder. Reportedly admitted laundering secret payments to bankers paid by Privinvest. Background On Mar. 8, DoJ indicted officials from Mozambique in $2bn fraud. Mozambique ex-finance minister was charged with other…
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DoJ $73mn 1MDB Bribery in US
On Nov. 30, DoJ issued action in 1MDB bribery of US government. Conspiracy to defraud US banks and launder funds controlled by Jho Taek Low. International conspiracy to defraud US financial institutions and launder funds. Billions of dollars were embezzled from 1Malaysia Development Berhad (1MDB). Action sought forfeit and recovery of $73mn traceable to 1MDB fraud in…
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SEC $22mn for Pharma Bribery
On Sep. 4, SEC issued $25mn settlement with Sanofi for bribery. Paris-based company Sanofi was charged for corrupt payments to win business. Alleged Violations Schemes in multiple countries and involved bribes to government procurement officials and healthcare providers to be awarded tenders and buy prescriptions. In Kazakhstan, used distributors as part of kickback scheme to…
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