Dec 11, 2015

'China's Warren Buffett' goes missing

The Chinese conglomerate that owns Club Med suspended trading of its shares Friday following a news report that its chairman, one of China’s most prominent business leaders, is missing. Fosun International employees were unable to contact Guo Guangchang beginning at midday Thursday, the magazine ...

Putin foe Khodorkovsky summoned for questioning

Dec 8, 2015

Putin foe Khodorkovsky summoned for questioning

Russia’s former richest man Mikhail Khodorkovsky, who spent 10 years in prison before he was pardoned and left Russia in 2013, says he has been summoned for questioning in Moscow. Khodorkovsky on Tuesday posted on social media a copy of the summons, which was ...

Dec 6, 2015

Pursuing transparency, Vatican orders external audit of assets

The Vatican said Saturday it had ordered the first external audit of its assets as part of a drive by Pope Francis to bring transparency to its finances where millions of euros have gone unrecorded without any central oversight. Papal spokesman Federico Lombardi said ...

Dec 5, 2015

Malaysia's anti-graft agency questions Najib over multimillion-dollar deposits

Malaysian anti-corruption officials questioned Prime Minister Najib Razak on Saturday in an investigation into deposits of funds totalling 2.6 billion ringgit ($615.53 million) into his bank accounts that have prompted calls for his resignation. The Malaysian Anti-Corruption Commission (MACC) said in a statement that ...

Nov 30, 2015

Thai army detain opposition leaders over park 'graft' visit

Two prominent Thai opposition leaders were detained by soldiers Monday as they tried to visit a public park at the center of a corruption scandal that has rocked the kingdom’s military. Thailand’s generals seized power last year partially justifying their takeover as a necessary ...

China breaks up $64 billion underground banking network

Nov 20, 2015

China breaks up $64 billion underground banking network

Authorities in China have cracked the country’s biggest-ever underground banking network, which handled illegal foreign exchange transactions worth 410 billion yuan ($64 billion), police said Friday. The bust comes amid a monthslong crackdown on illicit outflows, which officials say disrupt China’s financial management, facilitate ...

Singapore jails church leader who funded wife's music career

Nov 20, 2015

Singapore jails church leader who funded wife's music career

A Singapore court on Friday sentenced the founder of a popular church to eight years in jail for misappropriating more than $35 million in donations to support his wife’s singing career. Kong Hee, the founder and senior pastor of City Harvest Church, was found ...