Feds Seek Over $330M In New 1MDB Forfeiture Actions
Prosecutors are seeking to seize another $330 million in assets allegedly connected to embezzled 1Malaysia Development Berhad funds, including money tied up in arbitration proceedings between Saudi and Venezuelan oil companies and dozens of vintage movie posters bought by a Hollywood producer.
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Shareholders who lost money in the collapse of London Capital & Finance have been granted court permission to challenge the Financial Services Compensation Scheme's decision that they are not due refunds because the company's issuance of mini-bonds was not a regulated activity.
WikiLeaks founder Julian Assange published the unredacted names of U.S. informants living in Iraq and Afghanistan that were contained in military war logs, creating a "grave and imminent risk" to innocent civilians, a U.S. prosecutor said at Assange's London extradition hearing Thursday.
The British government is facing growing criticism over a controversial move to override parts of the Brexit withdrawal agreement, as European negotiators on Thursday dismissed its latest attempt to quell disquiet over a decision that also has attracted warnings from Washington of consequences for U.S. trade talks.
Soccer sensation Lionel Messi scored an intellectual property win on Thursday as Europe's top court held that the Barcelona team captain's international notoriety would distinguish his namesake logo from another EU trademark used by the Spanish cycle and sportswear company Massi.
The eurozone's central bank on Thursday handed banks a fresh round of capital relief in a bid to encourage them to continue lending to customers during the economic fallout from the novel coronavirus crisis.
Europe's highest court on Thursday upheld sanctions imposed on Russian oil giant Rosneft as "duly justified" pressure in response to the country's annexation of Crimea and subsequent efforts to destabilize Ukraine's political situation.
Britain's accounting watchdog said Thursday that it will fine audit giant Deloitte a record £15 million ($19.3 million) over accounting failures related to software company Autonomy Corp., which is at the center of one of the U.K.'s biggest civil fraud trials.
National Grid, Britain's largest transmitter of electricity and gas, has settled its claim accusing Denmark's NKT of participating in a plot to rig the power cable market, a conspiracy the utility said cost it £188.3 million ($242.7 million).
An Uber executive acknowledged in a London court Wednesday that the company's initial audits into cases of fraud by its drivers were "far from perfect," but that it tried to be as clear and transparent as possible with the British capital's transport authority.
WikiLeaks withheld 15,000 U.S. military documents about the Afghanistan War "to protect the innocent from being harmed," a former reporter at German newspaper Der Spiegel said at Julian Assange's London extradition hearing Wednesday.