SAO PAULO (Reuters) - A Brazilian man facing allegations of bribing officials at state-run oil company Petroleo Brasileiro SA (PETR4.SA) on behalf of Vitol Group [VITOLV.UL], Glencore (GLEN.L) and other major oil trading firms has been arrested in the United States, authorities said Tuesday. FILE PHOTO: A sign is pictured in front of the Vitol Group trading commodities building in Geneva October 4, 2011. REUTERS/Denis Balibouse/File photo Luiz Eduardo Loureiro Andrade was detained in the United States on Dec. 20, an arrest that was disclosed in a Brazilian court document seen by Reuters. He was arrested with the help of U.S. Immigration and Customs Enforcement (ICE). Besides handling deportation cases, ICE investigates transnational crime. An email included in the court document from a Brazilian federal police official based in Miami indicated that Andrade is being held in an undisclosed location in the United States and that Brazil has requested his extradition. It was … [Read more...] about Exclusive: Top suspect in Vitol, Glencore Brazil bribery case…
Prolonging Brexit uncertainty by extending Article 50 would be the worst-case scenario for markets and the UK economy, JP Morgan has warned. Extending Article 50 would lead firms to “choose other countries over the UK” to build their businesses and could lead to a “death by a thousand cuts” for the UK economy, according to Karen Ward, an economist at the US investment bank. It comes after a parliamentary vote on an amendment to the Finance Bill on Tuesday night confirmed there was no majority in the Commons for a "no deal" Brexit. While that meant the risk presented by a "no deal" to the UK economy was more likely to be avoided, the potential threat of long-term political uncertainty to business... To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week Try Premium Access one Premium … [Read more...] about Delaying Brexit is ‘worst-case scenario’ for markets, JP Morgan warns
By Jay R. Jordan Updated 6:14 pm CST, Tuesday, January 8, 2019 Celebrities like DeAndre Hopkins and activist Shaun King have raised money for Jazmine Barnes' family. Celebrities like DeAndre Hopkins and activist Shaun King have raised money for Jazmine Barnes' family. Photo: Houston Chronicle Photo: Houston Chronicle Image 1 of / 24 Caption Close Image 1 of 24 Celebrities like DeAndre Hopkins and activist Shaun King have raised money for Jazmine Barnes' family. Celebrities like DeAndre Hopkins and activist Shaun King have raised money for Jazmine Barnes' family. Photo: Houston Chronicle What happens with the money raised in the Jazmine Barnes case? 1 / 24 Back to Gallery The tragic … [Read more...] about What happens with the money raised in the Jazmine Barnes case?
By Khurram Zia Khan Published: January 9, 2019 0 SHARES Share Tweet Email Murad Ali Shah has proven to be a facilitator in a money laundering case carried out on instructions of the Supreme Court. PHOTO: PPI Globally, it is common for politicians and public officials to step down from office if an allegation is made against them and an investigation is ongoing. After all, being in the public eye entails that one allegation is enough to cause lasting damage to one’s reputation and career. Thus, once a concern is raised, it is in the official’s best interest to step down instead of remaining at a post paid for through the public exchequer. For instance, some leaders across the globe voluntarily stepped down after their names were included in the Panama Papers scandal. Unfortunately in Pakistan, those who were similarly accused – such as former prime minister Nawaz Sharif and Pakistan Tehreek-e-Insaf (PTI) leader Jahangir … [Read more...] about Corruption or negligence: The (not so) curious case of Murad Ali Shah’s resignation
BOSTON (Reuters) - The former chief executive of Insys Therapeutics Inc (INSY.O) is expected on Wednesday to plead guilty to participating in a scheme to pay doctors bribes in exchange for prescribing an addictive opioid medication. FILE PHOTO: A box of the Fentanyl-based drug Subsys, made by Insys Therapeutics Inc, is seen in an undated photograph provided by the U.S. Attorney's Office for the Southern District of Alabama. U.S. Attorney's Office for the Southern District of Alabama/Handout via REUTERS Michael Babich, who resigned as the Arizona-based drugmaker’s CEO in 2015, is scheduled to appear in federal court in Boston and plead guilty to conspiracy and mail fraud charges, according to court papers. His plea comes weeks before a five former Insys executives and managers including John Kapoor, the company’s founder and former chairman, are scheduled to face trial over what prosecutors said was their roles in the wide-ranging scheme. The terms of … [Read more...] about Former Insys CEO to plead guilty in opioid kickback case