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UAE central bank probes Gupta money laundering – 31 October 2017
Leaked e-mails have revealed the prominent business family have been using Dubai shelf companies to facilitate acts of money laundering. The fraudulent behaviour is believed to have involved hundreds of millions of rand, belonging to South African taxpayers.
Airbus warns of potential Financial hit from fraud problems – 31 October 2017
European aircraft maker Airbus is currently under investigation by French and British authorities, after the company itself detected and alerted authorities to irregularities concerning third-party consultants. The company has raised concerns that the investigations could impact their financial statements, however this is yet to be confirmed.
https://au.news.yahoo.com/a/37683176/airbus-warns-of-potential-financial-hit-from-fraud-probes/
RAMS founder John Kinghorn charged with $30m tax fraud after 8 year investigation. – 30 October 2017
The Australian Federal Police has alleged that RAMS Home Loans founder John Kinghorn has fraudulently concealed beneficial ownership of two companies between 2004 and 2007. It is believed the taxes he avoided during this period amount to more than $30 million.
http://www.abc.net.au/news/2017-10-31/afp-john-kinghorn-rams-home-loans-tax-fraud-charges/9102876
Adani: DFAT facing questions over possible secret requests for foreign cash to fund controversial mine – 26 October 2017
Questions have been sparked over DFAT documents relating to requests for foreign government financing for the controversial mine and rail project. It is believed there have been ‘secret’ deals under consideration between Australian government officials and foreign finance companies regarding the project.
http://www.abc.net.au/news/2017-10-26/bureaucrats-to-be-grilled-over-adani-funding/9086262
