FRANKFURT, Germany (AP) — German investigators searched the offices of Deutsche Bank, Germany's largest, on Wednesday in connection with an investigation into possible money laundering, officials said. Prosecutors in Frankfurt said that the probe focused on “unknown employees” and the bank's prior business relationships to foreign entities which were in turn suspected of being used to launder money. Offices were searched in Frankfurt, where the bank is headquartered, and in Berlin. The Frankfurt prosecuto ...

In the now-deleted video from Mallya's 70th birthday celebrations in London, Lalit Modi joked about the pair's status as the "two biggest fugitives" of India.Issuing an apology, Lalit Modi said in an X post, "I apologise if I have hurt anyone feelings, especially the "The statement was misconstrued and was never intended to be as played out," the founding commissioner of the Indian He concluded the post by offering "deepest" apologies.Live EventsThe apology came days after India said it is committed to bri ...

RT Shima 島。 (@MRShimamoto)Shibarium Bridge hacker foolishly chose not to accept the K9 bounty - it’s finally time to share the investigation we’ve been working on…🔎 this is juicy 🤤The hacker made one stupid mistake and it completely unravelled their Tornado Cash laundering. 💰🌪️💵That one mistake let me link:🔗 The original hack wallets🔗 Tornado withdrawal wallets🔗 And dozens of KuCoin deposit accounts, likely used by money mules👮🚨🚓When I first noticed this transfer I couldn't believe what I was seeing. Jackpo ...

Core Points - Switzerland's federal prosecutor has filed charges against Credit Suisse and UBS over the "tuna bonds" loan scandal that significantly impacted Mozambique's economy nearly a decade ago [1][2] - The charges include money laundering against an unnamed Credit Suisse employee, with accusations of "organizational deficiencies" in both banks that allowed wrongdoing to occur [2][5] - The scandal involved $2 billion in loans arranged by Credit Suisse for Mozambique, with funds misappropriated and kickbacks totaling at least $137 million [3][4] Summary by Sections - **Charges and Accusations** - The Swiss attorney general's office has accused Credit Suisse and UBS of failing to implement necessary organizational measures to prevent money laundering during 2016 [5] - UBS has stated it will vigorously defend its position against the attorney general's conclusions [2] - **Background of the Scandal** - The tuna bonds scandal originated from loans intended for government-sponsored projects, including maritime security and a state tuna fishery [2] - A contractor was found to have arranged significant kickbacks, including $50 million for Credit Suisse bankers [3] - **Regulatory Settlements** - Credit Suisse settled with US and UK regulators in 2021, paying $275 million to American authorities and £147 million to the UK's Financial Conduct Authority [4] - UBS agreed to settle with Mozambique in October 2023, just before a trial was set to begin in London [4] - **Impact on Credit Suisse** - Credit Suisse was sold to UBS in March 2023 amid a banking crisis, with UBS acquiring the bank for 3 billion Swiss francs [5][7] - The crisis of confidence in Credit Suisse was exacerbated by its largest shareholder, Saudi National Bank, ruling out further funding [6]

Core Insights - Financial regulators in South Korea have pressured Bithumb to suspend its Tether Market services, which allowed trading of Bitcoin and nine altcoins using USDT [1][5] - Bithumb announced the closure of the service on November 28 at 11am KST for system maintenance, aiming to reorganize for a more stable trading environment [2] - The decision to suspend the service may end Bithumb's order book sharing with international partners, as regulators are concerned about compliance with anti-money laundering obligations [2][6] Regulatory Scrutiny - The Financial Intelligence Unit (FIU) summoned Bithumb's CEO for questioning shortly after the launch of the Tether Market service, citing concerns over potential data leaks and money laundering risks [5] - The FIU conducted on-site inspections at Bithumb and other exchanges to assess compliance with money-laundering regulations [6][7] - An industry insider noted that order book sharing increases the risk of money laundering, making it a significant regulatory issue [6] Service Impact - All pending orders after the November 28 deadline will be automatically canceled, indicating a complete halt to the service [3] - Sources suggest that Bithumb has effectively abandoned its order book sharing service following intense regulatory pressure [3]

- At around 11:30 in the evening, they were all calling me, "Proceed to Bamban." I said, "What's happening?" "People are escaping." When we arrived there, I just informed my personnel to just draw their guns and make sure that nobody get out of the compound. - POGO stands for Philippine Offshore Gaming Operators. They offer gambling services online to people overseas, particularly in China.Many scam centers used POGOs as a front for human trafficking and money laundering. But the layers of lies and deceit i ...

Basketball Hall of Famer Chanty Bilips appearing in a Brooklyn courthouse this morning. This part of of course the bombshell story around mafia ties to illegal poker games. Contessa Brewers been following the story for us and has the latest.Contessa >> David, the most notable suspect here is Trailblazers coach and Hall of Famer Chanty Bips named with 30 others in a searing indictment that outlines a complicated illegal poker ring arranged by the mob that cheated players collectively out of millions of dolla ...

Industry Overview - Philippine Offshore Gaming Operators (POGOs) offer online gambling services to overseas clients, particularly in China [1] - Many scam centers use POGOs as a front for human trafficking and money laundering [1] Legal and Ethical Concerns - Underground tunnels connecting multi-million peso villas were found in the compound, indicating a large-scale operation [2] - A small town mayor was implicated, suggesting the operation was larger than initially suspected [2] - The operation involved layers of lies and deceit, including a 40 million peso villa [1]

Core Viewpoint - The Supreme Court has issued notices for a court-monitored investigation into alleged financial irregularities and fund diversion involving Reliance Communications and its former promoter Anil Ambani [1][5]. Group 1: Allegations and Investigations - A Public Interest Litigation (PIL) claims that Reliance Communications diverted bank loans amounting to tens of thousands of crores through complex transactions and manipulated accounts [2]. - The PIL alleges that banks delayed declaring accounts as fraudulent despite having forensic audit reports, raising concerns about oversight by lenders and regulators [2]. - The case is described as potentially the largest corporate fraud in India's history, with allegations of wrongdoing persisting for over a decade [3]. Group 2: Legal Proceedings - The Supreme Court has requested replies from the Union government, CBI, ED, and Anil Ambani within three weeks [1][5]. - The petition seeks a comprehensive investigation covering forensic audit materials, insolvency records, and other relevant documents [6]. - The PIL calls for inquiries under various laws, including the Indian Penal Code, Prevention of Corruption Act, and the Companies Act [7]. Group 3: Ongoing Scrutiny - Several Reliance Group companies linked to Anil Ambani are currently under investigation, with the CBI conducting searches related to a separate loan fraud case [8]. - The ED has expanded its money-laundering probe, raiding over 35 premises connected to more than 50 group companies [8]. - By November 2025, the ED had frozen assets worth ₹3,084 crore and attached land valued at ₹4,462 crore due to suspected laundering of bank loan proceeds [9]. Group 4: Company Response - Reliance Communications has referred to previous allegations of a ₹41,921-crore financial fraud, claiming these are part of a malicious campaign to tarnish its reputation [10][11]. - The company asserts that the allegations are orchestrated by corporate rivals with vested interests in acquiring Reliance Group assets [11].

Core Viewpoint - A public interest litigation has been filed seeking a court-monitored investigation into alleged large-scale banking fraud involving Reliance Communications Ltd (RCOM), its group companies, and former promoter Anil Ambani [1] Group 1: Allegations of Fraud - The plea alleges that RCOM, Reliance Infratel, and Reliance Telecom diverted ₹31,580 crore in loans from a State Bank of India-led consortium between 2013 and 2017 [2] - The petition claims that existing investigations by the Central Bureau of Investigation (CBI) and the Directorate of Enforcement (ED) only cover a fraction of the alleged wrongdoing and fail to examine the roles of bank officials and regulators [3][8] - A 2020 forensic audit commissioned by SBI reportedly uncovered extensive financial irregularities, including the diversion of funds for unrelated loans and circular transactions to disguise loan evergreening [4][5] Group 2: Delays and Institutional Complicity - The petition highlights a five-year delay in filing the FIR by the bank, suggesting possible collusion among bank officials and public servants [4][6][10] - The plea argues that the inertia displayed by the RBI and the ED indicates deeper institutional complicity in the alleged fraud [10] Group 3: Use of Shell Entities and Financial Irregularities - The petition alleges that shell entities were used to siphon funds and that sham preference-share structures helped write off over ₹1,800 crore in liabilities [7] - Similar patterns of financial irregularities are noted in other Anil Ambani-linked firms, involving questionable write-downs and offshore structures, indicating potential violations of the Foreign Exchange Management Act (FEMA) and the Prevention of Money Laundering Act (PMLA) [7] Group 4: Call for Comprehensive Investigation - The PIL seeks a comprehensive investigation monitored by the Supreme Court, covering the full forensic audit record and potential offences under various laws, including the IPC, PMLA, and Companies Act [9] - The petition emphasizes that fraud of this magnitude cannot be investigated piecemeal and calls for a thorough examination of all related aspects [10] Group 5: Ongoing Scrutiny and Legal Actions - Anil Ambani and several Reliance Group entities are currently under scrutiny, with recent searches conducted by the CBI in a separate loan-fraud case involving RCOM [11] - By November 2025, the ED had frozen assets worth ₹3,084 crore and attached land valued at ₹4,462 crore, citing suspected laundering of proceeds from bank loans [12]