DIRS.INFO The most relevant business & tech news

☆ Tensions rise between banks and tech companies over online fraud liability in the UK
▼ + stars: | 2024-10-07 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

Meta is facing calls from U.K. banks and payment firms like Revolut to financially compensate people who fall for scams on their services. Proposals to make tech firms liableTensions have been running high between banks and tech companies for some time. A key ask has been for the tech firms to share more detailed intelligence on how criminals are abusing their platforms. Social media firms not doing enough to combat and remove attempts to defraud internet users was another complaint from regulatory authorities at the event. Jones added that it was tough to "break the inertia" at tech companies to "really get them to get after it."

Persons: Jaap Arriens, it's, Meta, Woody Malouf, Matt Akroyd, Kate Fitzgerald, Rob Jones, Jones Organizations: Nurphoto, Getty, Systems, PSR, Payments Association, Facebook, NatWest, Metro Bank, Financial Times, Labour Party, CNBC, Stewarts, Social, Economic Crime, U.K, National Crime Agency, Tech, Meta, Intelligence Locations: London

☆ Jay Emmanuel-Thomas: Soccer player arrested in connection with almost $800,000 worth of cannabis seized at airport
▼ + stars: | 2024-09-19 | by ( Ben Morse | ) edition.cnn.com time to read: +2 min

CNN —Jay Emmanuel-Thomas, a soccer player who used to play for Premier League giant Arsenal, has been arrested after $795,300 (£600,000) worth of cannabis was seized at a British airport, the Carlisle Magistrates court confirmed to CNN. Emmanuel-Thomas – who also used to feature for current Premier League side Ipswich Town – currently plays for Scottish second-tier club, Greenock Morton. CNN has contacted Emmanuel-Thomas and Greenock Morton for comment. The NCA said Emmanuel-Thomas was taken to Carlisle in England to be questioned. His bail was refused and he will next appear in Carlisle Crown Court on October 18.

Persons: Jay Emmanuel, Thomas, Thomas –, Ipswich Town –, Emmanuel, Greenock Morton, Thomas ’, David Phillips Organizations: CNN, Premier League, Arsenal, Carlisle Magistrates, Crime Agency, London’s Stansted Airport, Emmanuel, Ipswich Town, Scottish, Greenock Morton, Carlisle Crown, NCA, Stansted Airport, Chelmsford Crown, Border Force, Bristol City, Queens Park Rangers, Cardiff City Locations: Carlisle, Gourock, Scotland, London’s, England, Bangkok, Thailand, Chelmsford

☆ Andrew Tate placed under house arrest as new human trafficking allegations emerge involving minors
▼ + stars: | 2024-08-23 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +5 min

BUCHAREST, Romania — A court in Romania’s capital Thursday placed the divisive internet influencer Andrew Tate under house arrest for 30 days, as prosecutors investigate a sprawling new case that involves allegations of human trafficking of minors and sex with a minor. Outside the court after the judge issued his house arrest measure, Andrew Tate told reporters that many of the alleged victims in the new case have statements in the Tate brother’s defense. After the Tate brothers’ arrest in December 2022, they were held for three months in police detention before being moved to house arrest. Last month, a court overturned an earlier decision that allowed the Tate brothers to leave Romania as they await trial. In March, the Tate brothers also appeared at the Bucharest Court of Appeal in a separate case, after British authorities issued arrest warrants over allegations of sexual aggression in a U.K. case dating back to 2012-2015.

Persons: Andrew Tate, Tate, Tristan Tate, Tristan, Mateea Petrescu, ’, “, DIICOT, Daniel Mihailescu, ”, ” DIICOT Organizations: Prosecutors, Tate, Getty, European Union Locations: BUCHAREST, Romania, Romania’s, Bucharest, Ilfov county, U.S, Romanian, AFP

☆ Global police agencies take down massive scam website that defrauded thousands of victims
▼ + stars: | 2024-04-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Seksan Mongkhonkhamsao | Moment | Getty ImagesA huge fraud website used by thousands of criminals to trick people into handing over personal information such as email addresses, passwords and bank details, has been infiltrated by international police. Britain's Metropolitan Police said in a statement Thursday that the website, called LabHost, was used by 2,000 criminals to steal users' personal details. Police have so far identified just under 70,000 individual U.K. victims who entered their details onto a website linked to LabHost. LabHost obtained 480,000 credit card numbers, 64,000 PIN codes, as well as more than 1 million passwords used for websites and other online services, the Metropolitan Police said. The Metropolitan Police said that up to 25,000 victims in the U.K. have been contacted by police to notify them that their data has been compromised.

Persons: LabHost, Dame Lynne Owens, Owens Organizations: Britain's Metropolitan Police, Police, Metropolitan Police, The Metropolitan Police, Metropolitan Police Service, Intel, Microsoft, Shadowserver Foundation, Trend, Cyber Defence Alliance, National Crime Agency, City of London Police

☆ This notorious Russian hacking group is threatening to release Trump court documents
▼ + stars: | 2024-02-29 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

Hackers are threatening to leak stolen Trump court documents unless they get a ransom. LockBit is a Russia-based ransomware group that's made millions already by hacking victims. AdvertisementLockBit, a group of notorious Russian hackers, is threatening to release court documents it claims it stole from Georgia officials unless it gets paid a ransom. It's the latest scheme from a group that's frustrated international authorities and dodged shutdown attempts. LockBit is threatening to release Trump court documents it stole from the Fulton County, Georgia, election interference case unless the county paid up.

Persons: Trump, LockBit, —, Biden, that's, It's, aren't, Donald Trump's Organizations: Service, Trump, US Department of, Treasury, Treasury Department, Justice Department, Infrastructure Security Agency, Boeing, National Health Service, Royal Mail, Commercial Bank of China, Business, Fulton, FBI, Crime Agency Locations: Russia, Georgia, Fulton County , Georgia

☆ Hackers threaten to release Trump documents from Georgia case if they don't get a ransom by Thursday
▼ + stars: | 2024-02-28 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +10 min

LockBit works with affiliates to hack companies and government agenciesLockBit 3.0's targets go far beyond just the Fulton County government. As of Wednesday, it had ongoing ransom demands for 11 different companies on its website in addition to the one for Fulton County. AdvertisementA Fulton County court administration spokesperson declined to comment. AdvertisementAt a press conference on February 20, Fulton County Commission Chair Robb Pitts said no ransom was paid. AdvertisementThe renewed ransom threat comes as Willis's investigation is beleaguered by a series of heated hearings playing out in a Fulton County courtroom.

Persons: —, Donald Trump —, Donald Trump's, Christopher Krebs, Dan Schiappa, LockBitSupp —, Biden, Donald Trump, Trump, Joe Raedle, Oz, Krebs, Alashe, LockBit, Fulton, Fani Willis, It's, George Chidi, Pool, Schiappa, Robb Pitts, Pitts, Willis Organizations: Service, Fulton, Business, FBI, United, Crime Agency, US Department of Justice, government's, Trump, Justice Department, Boeing, Commercial Bank of China, U.S, Trump Force, Atlanta Hartsfield, Jackson International Airport, Biden, Trump —, Trump . Fulton, Arctic Wolf, Atlanta Journal Locations: Georgia, Fulton, Mexico, Fulton County, Atlanta , Georgia, Russian, Trump . Fulton County, Atlanta, Krebs

☆ I Trafficked $5 Million Worth of Cocaine Internationally
▼ + stars: | 2024-02-28 | by ( Dylan Brzezinski | Ju Shardlow | ) www.businessinsider.com time to read: +1 min

Pieter Tritton, a former cocaine smuggler, returns for a second interview with Business Insider about his experience trafficking drugs from South America to the United Kingdom. Tritton says he started selling cocaine in the illegal rave scene in the UK in the 2000s. The National Crime Agency estimates the UK cocaine market is worth $13.8 billion, or £11 billion, a year. In the year ending March 2023, over 92 metric tons of illegal drugs were seized by police and Border Force, the highest volume since 2003 to 2004. This story is available exclusively to Business Insider subscribers.

Persons: Pieter Tritton, Tritton, Garcia Moreno, El Organizations: Business, Crime Agency, Border Force Locations: South America, United Kingdom, Europe, Ecuador, Quito, Litoral Penitentiary, Guayaquil

☆ LockBit: FBI and allies seize dark-web site of world’s most prolific ransomware gang
▼ + stars: | 2024-02-19 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +4 min

CNN —The FBI and its international allies have seized a dark-web site that the world’s most prolific ransomware gang has used to extort its victims, according to a message on the website viewed by CNN. The hackers claimed credit for a November ransomware attack that forced New Jersey-based Capital Health to cancel some patient appointments. LockBit also claimed responsibility for ransomware attacks on the Industrial and Commercial Bank of China and Fulton County, Georgia, in recent months. The US Justice Department also announced the indictment of two Russian men for deploying LockBit ransomware against victim organizations throughout the US, including against unnamed manufacturing firms. While there have been notable arrests and law enforcement seizures of millions of dollars’ worth of ransom payments, the ransomware economy continues to thrive.

Persons: LockBit, ”, cybercriminals, LockBit’s ransomware, Don Smith, Cybercriminals, ” Allan Liska, ” Liska, “ LockBit Organizations: CNN, FBI, Health, Industrial, Commercial Bank of China, National Crime Agency, LockBit, US Justice Department, Justice Department, Government Locations: New Jersey, Fulton County , Georgia, Australia, Germany, Eastern Europe, Russia, China, Secureworks

☆ Madagascan President's Ex-Aide Offered Influence for Bribes, London Jury Told
▼ + stars: | 2024-02-06 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

By Sam TobinLONDON (Reuters) - Madagascan President Andry Rajoelina's ex-chief of staff offered to use her influence to obtain bribes from precious stone miner Gemfields in exchange for help with lucrative mining rights, prosecutors told a London court on Tuesday. Romy Andrianarisoa, 47, is accused of seeking substantial payments from Gemfields between 2021 and 2023 to help the company expand its business into Madagascar. Prosecutor Alex Leach told jurors at Southwark Crown Court that Andrianarisoa was, at the time of the alleged offending, a "trusted adviser" to Rajoelina. At the meeting, Andrianarisoa "made it clear she had direct influence on the president", Leach added. He said Gemfields later approached Britain's National Crime Agency (NCA) after it became clear Andrianarisoa and her associate Philippe Tabuteau were seeking a bribe.

Persons: Sam Tobin LONDON, Andry Rajoelina's, Romy Andrianarisoa, Andrianarisoa, Alex Leach, Leach, Sean Gilbertson, Gemfields, Britain's, Philippe Tabuteau, Tabuteau, Sam Tobin, Bernadette Baum Organizations: Southwark Crown, Crime Agency, NCA, Gemfields Locations: London, Gemfields, Madagascar, Southwark, Tabuteau

☆ Russia boasts it is beating sanctions, but its longer-term prospects are bleak
▼ + stars: | 2024-01-29 | by ( Tim Lister | ) edition.cnn.com time to read: +14 min

Far from buckling under their weight, the Russian economy is in fact 1% larger than it was on the eve of the invasion. India and China now account for 90% of Russian oil exports, according to Deputy Prime Minister Alexander Novak. Noemi Cassanelli/CNNThere’s little sign that ordinary Russians have been drastically impacted by Western sanctions. Sanctions will have a long-term impact on the Russian economy, according to the European Commission. Nabiullina said the Russian economy was like a car trying to go too fast.

Persons: Vladimir Putin, Putin, Sergei Chemezov, ” Chemezov, Scott Peterson, Alexander Novak, Christine Abely, “, ”, SWIFT, Alexei Mordashov, Noemi Cassanelli, Geoffrey Pyatt, Rachel Lyngaas, —, Alexander Nemenov, Elvira Nabiullina, Nabiullina, Natalia Kolesnikova, ” Abely Organizations: CNN, Atlantic Council, Russia, West ., Shipping, Windward, Reuters, US Treasury Department, United Arab Emirates, Crime Agency, US Treasury, “, Bank of, European, US, Financial Times, Russian Central Bank, Getty, Producers, International Energy Agency Locations: United States, Ukraine, Russian, Russia, Western, Sviatohirsk, Donetsk region, Asia, West, West . India, China, India, Volgograd, Turkey, UAE, Bank of Finland, Hong Kong, Europe, Egypt, Thailand, Moscow, Kazakhstan, Soviet Russia, AFP, Beijing

☆ Investigators cracked a $130 million money-laundering scheme by tracing the ringleader's air miles
▼ + stars: | 2024-01-16 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Read previewTracing a ringleader's frequent-flyer miles helped investigators crack an international money-laundering scheme, The Wall Street Journal reported. More than £104 million, or about $131 million, in cash was smuggled from London to Dubai in 83 trips, the UK's National Crime Agency said. AdvertisementThe NCA said Mehdi Amrollahbibiyouki checked in 12 suitcases containing £4.3 million over three trips to Dubai in February and March 2020. And Ali Al-Nawab took nine suitcases containing £3.2 million across two trips. AdvertisementAuthorities said the Emirates Skywards miles helped them trace the operation, the Journal reported.

Persons: —, Mehdi Amrollahbibiyouki, Ali Al, Abdullah Alfalasi, Ian Truby, NCA's, Al Organizations: Service, Street Journal, Business, Crime Agency, NCA, Emirates, Authorities Locations: London, Dubai, Amrollahbibiyouki, Al

☆ What’s in Those Huge Suitcases? $125 Million in Cash
▼ + stars: | 2024-01-13 | by ( Margot Patrick | ) www.wsj.com time to read: 1 min

An image from CCTV footage released by the U.K.’s National Crime Agency shows one of the smugglers at London’s Heathrow Airport. Photo: NCAThey looked like ordinary tourists with very big bags. But like a network of ants, they carried off tens of millions of dollars in cash from London to Dubai. British crime fighters cracked a money-laundering network that they say moved more than £100 million, equivalent to $125 million. A London court found two men guilty of illegal smuggling on Thursday, taking convictions in the network of cash couriers to 16, according to the National Crime Agency.

Organizations: U.K, Crime Agency, National Crime Agency Locations: London, Dubai, British

☆ A sexual assault in the metaverse has investigators questioning the future of virtual crime prosecution
▼ + stars: | 2024-01-08 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +11 min

These touch-sensitive full-body suits vibrate in response to virtual stimuli, reacting when users' characters bump into a wall or receive a punch, for example. "They cannot tout the realism of these virtual worlds and then deny or downplay that ugly things that happen in them have some of the unfortunate downstream effects of real behavior. On Instagram, in response to a New York Post article about the incident, users joked the assailants who harassed the girl online should be sent to "virtual jail." Sexual harassment on 'Horizon Worlds'Claims like the British girl's are not unheard of, with multiple accounts of virtual sexual harassment stemming from Meta's "Horizon Worlds" VR game — though it remains unclear if the incident took place inside Meta's game or another VR world. "This is a critical area that demands immediate attention to ensure the Metaverse is a safe and positive space for young users."

Persons: Donna Jones, Katherine Cross, they're, James, Nina Jane Patel, Patel, Graeme Biggar Organizations: Service, Daily, Business, Daily Mail, Association of Police, Crime, BBC, University of Washington, New York, LBC, Meta, BI, Crime Agency Locations: cybercrime

☆ Russian gold miner Uzhuralzoloto announces IPO despite UK sanctions on owner
▼ + stars: | 2023-11-09 | by ( Anastasia Lyrchikova | ) www.reuters.com time to read: +2 min

Alfa Bank analysts valued UGC's share capital at 140.5-170.8 billion roubles ($1.53-1.86 billion). Britain imposed sanctions on 29 individuals and entities in Russia's gold and oil sectors on Wednesday, including Strukov and two of Russia's largest gold producers, Nord Gold and Highland Gold Mining, but not UGC itself. Britain's National Crime Agency (NCA) also issued an alert to financial institutions, warning them about Russian attempts to use gold to evade sanctions. Strukov said the IPO would allow UGC to reach more investors, diversify the shareholder structure and lower its debt burden. A string of small offerings has breathed some life into Russia's equity capital markets in recent months.

Persons: Uzhuralzoloto, Konstantin Strukov, Strukov, Anastasia Lyrchikova, Felix Light, Alexander Marrow, Mark Potter Organizations: UGC, Alfa Bank, Reuters, Nord, Highland Gold Mining, Crime Agency, Astra, Thomson Locations: Russia, Ukraine MOSCOW, Moscow, Britain, Ukraine, Nord Gold

☆ Russian billionaire Fridman loses challenge over mansion upkeep
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Sergei Karpukhin/File Photo/File Photo Acquire Licensing RightsLONDON, Oct 26 (Reuters) - Sanctioned Russian billionaire Mikhail Fridman cannot spend thousands of pounds a month on the upkeep of his London mansion, containing a 44 million-pound ($53.2 million) art collection, London's High Court ruled on Thursday. The 59-year-old also wanted to spend 1,850 pounds a month on communications systems, which Fridman said regulate Athlone House's telephones, IT, lighting, heating and security. Athlone House, in north London, was raided by Britain's National Crime Agency in December, which is the subject of a separate legal challenge by Fridman. The Russian billionaire, whose net worth is estimated by Forbes magazine at $12.8 billion, has been subject to British sanctions since March 2022, a month after Russia invaded Ukraine. His designation under Britain's sanctions regime was updated in September to remove a reference to him being a "pro-Kremlin oligarch".

Persons: Mikhail Fridman, Sergei Karpukhin, Fridman, Judge Pushpinder Saini, Fridman's, OFSI, Saini, Sam Tobin, Deborah Kyvrikosaios Organizations: Alfa Group, Russian, Industrialists, Entrepreneurs, REUTERS, Athlone, Athlone House, Britain's National Crime Agency, Forbes, Thomson Locations: Russian Union, Moscow, Russia, Russian, Athlone, Britain, Israel, London, Ukraine

☆ Russian Billionaire Fridman Loses Challenge Over Mansion Upkeep
▼ + stars: | 2023-10-26 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

LONDON (Reuters) - Sanctioned Russian billionaire Mikhail Fridman cannot spend thousands of pounds a month on the upkeep of his London mansion, containing a 44 million-pound ($53.2 million) art collection, London's High Court ruled on Thursday. Fridman took Britain's sanctions office, OFSI, to court after it refused to allow him to spend 30,000 pounds a month to prevent Athlone House, which he bought for 65 million pounds, from falling into disrepair. The 59-year-old also wanted to spend 1,850 pounds a month on communications systems, which Fridman said regulate Athlone House's telephones, IT, lighting, heating and security. The Office of Financial Sanctions Implementation (OFSI) said it had already licensed Fridman to meet arrears and make one-off payments totalling around 1.4 million pounds, plus future payments of 760,000 pounds a year. Athlone House, in north London, was raided by Britain's National Crime Agency in December, which is the subject of a separate legal challenge by Fridman.

Persons: Mikhail Fridman, Fridman, Judge Pushpinder Saini, Fridman's, OFSI, Saini, Sam Tobin, Deborah Kyvrikosaios Organizations: Athlone, Athlone House, Britain's National Crime Agency, Forbes Locations: Russian, Athlone, Britain, Israel, Russia, London, Ukraine

SummaryCompanies China's Vivo faces growing trouble as executive arrestedIndian agency's court filing accuses company of visa violationsChinese nationals went to "sensitive" border areas, agency saysVivo, India's No. "Many employees of Vivo group companies worked in India without appropriate visas," the agency said in the filing. "They have concealed information regarding their employer in their visa applications and cheated the Indian embassy or missions in China." China's foreign ministry, which said this week it was closely following the case, did not respond to a Reuters request for comment. In their decades-old border dispute, both India and China claim large tracts of land controlled by the other in the western Himalayas.

Persons: Guangwen Kuang, Arpan Chaturvedi, Aditya Kalra, Brenda Goh, David Kirton, Krishn Kaushik, Clarence Fernandez Organizations: Indian, Vivo, Krishn, Thomson Locations: DELHI, Jammu, Kashmir, Beijing, New Delhi, India, Ladakh, Vivo, China, Shanghai, Shenzhen

☆ British businessman jailed for fake bomb plot in London's legal district
▼ + stars: | 2023-09-22 | by ( Sam Tobin | ) www.reuters.com time to read: +2 min

Metropolitan Police/Handout via REUTERS Acquire Licensing RightsLONDON, Sept 22 (Reuters) - A British businessman at the centre of a money-laundering investigation was jailed on Friday for more than eight years for targeting two lawyers with fake bombs in the heart of London's legal district. Prosecutors said Nuttall orchestrated the plot with his driver Michael Sode, 59, and former soldier Michael Broddle, 47, who planted devices which were designed to look like genuine explosives. Broddle had previously conducted a six-month surveillance operation against Sutcliffe, Jeavons and their families, she said. Nuttall and Sode were both convicted of two counts of conspiracy to plant the devices and conspiracy to transfer criminal property, relating to payments made to Broddle. Broddle had previously pleaded guilty to two counts of conspiracy to plant the devices and two counts of possession of an explosive substance.

Persons: Jonathan Nuttall, Prosecutors, Nuttall, Michael Sode, Michael Broddle, Andrew Sutcliffe, Anne Jeavons, Broddle, Sutcliffe, Jeavons, –, Catherine Farrelly, Sode, Bailey, Simon Mayo, Farrelly, Sam Tobin, Mark Heinrich Our Organizations: Metropolitan Police, Handout, REUTERS Acquire, Britain's, Crime Agency, NCA, Court, London's, Thomson Locations: Gray's, British, London, Bailey

☆ India court orders Jet Airways founder to remain in custody until Sept. 11
▼ + stars: | 2023-09-02 | by ( ) www.reuters.com time to read: +1 min

Sept 2 (Reuters) - An Indian court on Saturday decided that Jet Airways (JET.NS) founder Naresh Goyal will remain in India's financial crime agency's custody until Sept. 11, the agency said in a press statement. The case relates to an alleged 5.38 billion Indian rupees ($65.06 million) bank fraud case filed by state lender Canara Bank (CNBK.NS). The losses to a consortium of nine lenders is much larger, at 59.6 billion Indian rupees ($720.78 million), ED said. The bank had filed a complaint in May against the airline, Goyal, his wife and a former airline director for "causing wrongful loss" to the lender. Goyal founded Jet Airways in 1992 but shut down operations in April 2019 after running out of cash.

Persons: Naresh Goyal, Goyal, Goyal hasn't, ED, Jayshree, Aditya, Tomasz Janowski, Ros Russell Organizations: Jet Airways, . Jet Airways, Canara Bank, Goyal, Thomson Locations: India, Dubai, Ireland, British Virgin

☆ India court orders Jet Airways founder to remain in custody till Sept. 11
▼ + stars: | 2023-09-02 | by ( ) www.reuters.com time to read: +1 min

Naresh Goyal, Chairman of Jet Airways speaks during a news conference in Mumbai, India, November 29, 2017. REUTERS/Danish Siddiqui/File Photo Acquire Licensing RightsSept 2 (Reuters) - An Indian court on Saturday decided that Jet Airways (JET.NS) founder Naresh Goyal will remain in India's financial crime agency's custody until Sept. 11, according to two people familiar with the matter. Enforcement Directorate which investigates financial crimes in India had arrested Goyal late on Friday night. Jet Airways did not immediately respond to a request for comment. The case relates to an alleged 5.38 billion Indian rupees ($65.06 million) bank fraud case filed by state lender Canara Bank (CNBK.NS).

Persons: Naresh Goyal, Danish Siddiqui, Goyal, Jayshree, Aditya, Tomasz Janowski Organizations: Jet Airways, REUTERS, Danish, Canara Bank, Goyal, Thomson Locations: Mumbai, India

CNN —Nigeria’s former oil minister Diezani Alison-Madueke has been charged with bribery offenses following an investigation by the UK’s National Crime Agency, which alleges she accepted bribes in exchange for multimillion-pound oil and gas contracts while in government. The agency said that Alison-Madueke, who currently resides in London, will appear at Westminster Magistrates Court on October 2. “Bribery is a pervasive form of corruption, which enables serious criminality and can have devastating consequences for developing countries. Alison-Madueke also served as the first female president of the Organization of the Petroleum Exporting Countries (OPEC). Nigeria, Africa’s most populous country and biggest oil producer, is one of 13 countries in OPEC.

Persons: CNN —, Diezani Alison, Madueke, “, Cartier, ” Alison, Goodluck Jonathan, Alison, ”, Andy Kelly Organizations: CNN, Crime Agency, National Crime Agency, Louis Vuitton, Organization of, Petroleum Locations: London, Westminster, Nigeria, Africa’s

Nigeria's Petroleum Minister Diezani Alison-Madueke (C) attends the flag-off for Nigeria's President Goodluck Jonathan's campaign for a second term in office, in Lagos January 8, 2015. REUTERS/Akintunde Akinleye/File Photo Acquire Licensing RightsSummary Ex-minister was arrested in London in 2015Police allege lavish lifestyle came from corruptionAssets frozen in UK, seized in U.S., NigeriaLONDON, Aug 22 (Reuters) - British police said on Tuesday they had charged former Nigerian oil minister Diezani Alison-Madueke with bribery offences, saying they suspected she had accepted bribes in return for awarding multi-million pound oil and gas contracts. Alison-Madueke, 63, served as petroleum minister from 2010 to 2015, under former President Goodluck Jonathan. A London lawyer who was acting for her in 2015 did not immediately respond to a request for comment. News of the British charges comes a month after a London court ordered the confiscation of $130 million from a former Nigerian oil state governor, James Ibori, in an unrelated but equally high-profile case involving political corruption in Nigeria.

Persons: Diezani Alison, Goodluck Jonathan's, Akintunde, Alison, Madueke, Goodluck Jonathan, Andy Kelly, St John’s Wood, Cartier, Louis Vuitton, James Ibori, Michael Holden, Estelle Shirbon, Giles Elgood Organizations: Nigeria's Petroleum, Nigeria's, REUTERS, Police, Nigeria LONDON, British, Organization of, Petroleum, NCA, Westminster Magistrates, Louis, U.S . Department of Justice, Thomson Locations: Lagos, London, U.S, Nigeria, Africa's, Britain, United States, St John’s, Westminster

☆ Factbox: India's measures targeting Chinese products and investment
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +2 min

Relations between the countries have deteriorated since mid-2020, when Chinese and Indian troops clashed on their disputed Himalayan frontier and 24 people were killed. Several Indian government officials, who asked not to be named, said the licensing measure aimed to address a trade imbalance with China. Here are some other Chinese trade and investment ventures affected by Indian measures since 2020:INVESTMENT PLAN BY BYDChina's BYD (002594.SZ) told its India joint-venture partner last month it would shelve plans for a new $1-billion investment to build electric cars after its investment proposal faced scrutiny from New Delhi. It has led to billions of dollars in proposed investment getting stuck in the approval process over the last 3 years. Reporting by Aftab Ahmed Editing by William Mallard and Helen PopperOur Standards: The Thomson Reuters Trust Principles.

Persons: Nick Carey, Xiaomi, China's Tencent, Aftab Ahmed, William Mallard, Helen Popper Our Organizations: REUTERS, Wall, Krafton Inc, South, HK, Thomson Locations: Farnborough, Britain, India, China, New Delhi, HK, South Korean

☆ A sanctioned Russian billionaire says the UK searched his multimillion-dollar London home illegally using allegations from a 15-year-old report
▼ + stars: | 2023-07-28 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Russian billionaire Mikhail Fridman said a UK police warrant to search his home was unlawfully obtained, per Reuters. He wants to overturn the warrant which he said was obtained based on allegations from a 2007 report. Back in December, the UK National Crime Agency, or NCA, searched Fridman's multi-million dollar home over several allegations — including conspiracy to evade UK sanctions and money laundering — per Reuters. Cathryn McGahey, the NCA's lawyer, said in court filings the UK government agency admitted its raid on Fridman's house was "unlawful," per Reuters. An NCA spokesperson told Insider that it accepted that the search warrant contained technical errors.

Persons: Mikhail Fridman, Fridman, Hugo Keith, Cathryn McGahey, Keith Organizations: Reuters, Service, London's, National Crime Agency, European Union, Alfa Group, WikiLeaks, Merriam, Webster, NCA, Agency Locations: Wall, Silicon, Russian, London, Russia, Ukraine, Russia's

☆ A wealthy Russian businessman claims the UK detained his $50 million superyacht to look 'tough'
▼ + stars: | 2023-07-17 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

A Russian businessman claimed the UK detained his superyacht to look "tough," Bloomberg reported. The $50 million vessel was detained by the UK last March, though its owner hasn't been sanctioned. A wealthy Russian businessman who wasn't featured on any sanctions lists following Russia's invasion of Ukraine has claimed the UK detained his luxury superyacht to look "tough," Bloomberg reported. In late March this year, Naumenko sued the UK's transport department, asking the court to let him move vessel and award him undisclosed damages. He added that Phi's owner was "guilty by association of his passport only" and had "never been connected with anyone" who was sanctioned.

Persons: hasn't, wasn't, hadn't, Sergei Georgievich Naumenko, Vitaly Vasilievich Kochetkov, Naumenko, Grace Dean, Nigel Giffin, Vladimir Putin, Putin's, Jason Pobjoy, Grant Shapps, Phi, Putin, Pobjoy, Shapps, Royal Huisman Organizations: Bloomberg, Morning, Phi, Crime Agency, UK, Financial Times, Motiv Telecom, UK's Department, Transport, Department Locations: Russian, London, Ukraine, Russia, Canary Wharf

Search resuls for: "Crime Agency"

25 mentions found