Bribery, Fraud & Tax Evasion

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South African prosecutors seized luxury property and vehicles worth some 1.4 billion South African rand ($96.8 million) in early May from contractors and former officials at Eskom, South Africa's state-owned power utility, as they ramped up criminal proceedings over alleged corruption in construction orders for the Kusile Power Station. Read More
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Three major global consulting firms - Boston Consulting Group, McKinsey Consultants & PricewaterhouseCoopers - have been implicated in helping Isabel dos Santos, daughter of the former president of Angola, become a billionaire allegedly by plundering state coffers. Read More
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Wells Fargo bank, based in San Francisco, California, has agreed to pay the Navajo Nation $6.5 million for its alleged predatory business tactics. The bank was accused of targeting vulnerable members of the Navajo community, including elderly people who did not speak fluent English, with predatory banking practices. The Navajo Nation is the largest government recognized Native American indigenous community with over 350,000 members and a territory that encompasses lands in Arizona, New Mexico and Utah. It has an elected government and its own judicial system. Read More
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Greek tax investigators have raided the house of Christos Sclavounis, the former head of investment banking for UBS. The crackdown is part of an agreement that the country reached with international lenders in order to reduce tax evasion by Greek elites suspected of hiding their income in Switzerland. Read More
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