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Jul
07
2022
By The African Mirror
Tunisian opposition leader faces money laundering allegations

Tunisian opposition leader faces money laundering allegations

NEWS
TUNISIA'S main opposition leader Rached Ghannouchi has been summoned by a judge over money laundering allegations, his Ennahda party said accusing the authorities of targeting him for political reasons. The July 19 summons is to answer questions about the allegations, which Ennahda say are untrue and a result of "distortion and fabrication". Reuters could not immediately reach a judiciary spokesperson. Ghannouchi has emerged as the loudest critic of Kais Saied since the president seized broad powers last year, moved to rule by decree and ousted the elected parliament in which the Ennahda leader is the speaker. Earlier this year, Saied…
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Jul
09
2022
By The African Mirror
$40-million in Flutterwave’s accounts frozen in Kenya

$40-million in Flutterwave’s accounts frozen in Kenya

NEWS
A court in Kenya has frozen over $40 million in accounts belonging to Africa-focused payments giant Flutterwave under the country's anti-money laundering laws, court documents showed. Founded in 2016 in Nigeria, the San Francisco-headquartered firm specialises in individual and consumer transfers, one of several fintech firms facilitating and capitalising on Africa's booming payments market. Earlier this year, the firm raised $250 million, valuing the startup at more than $3 billion. Kenya's Assets Recovery Agency sought and was granted a High Court order to freeze several accounts with three banks belonging to Kenyan-registered Flutterwave Payment Technology Ltd. Flutterwave confirmed to Reuters…
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Mar
11
2021
By The African Mirror
UK to return stolen $5.8 million to Nigeria

UK to return stolen $5.8 million to Nigeria

NEWS
BRITAIN has agreed to send to Nigeria 4.2 million pounds ($5.84 million) recovered from a former state governor who was jailed for laundering money in Britain, the two countries have announced. James Ibori, who was governor of southern oil-producing Delta State from 1999 to 2007, pleaded guilty at London's Southwark Crown Court in 2012 to 10 counts of fraud and money-laundering. He received a 13-year sentence. The 4.2 million pounds was stolen by Ibori and his associates but retrieved through operations led by British law enforcement agencies, who identified assets bought in Britain with illicit funds, the Foreign Office said…
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Sep
22
2020
By The African Mirror
Global banks seek to contain damage over $2 trillion of suspicious transfers

Global banks seek to contain damage over $2 trillion of suspicious transfers

NEWS
ALUN JOHN, SUMEET CHATTERJEE and  LAWRENCE WHITE  GLOBAL banks faced a fresh scandal about dirty money as they sought to limit the fallout from a cache of leaked documents showing they transferred more than $2 trillion in suspect funds over nearly two decades. Britain-based HSBC, Standard Chartered and Barclays, Germany's Deutsche Bank and Commerzbank, and JPMorgan Chase & Co and Bank of New York Mellon Corp were among the lenders named in the report by the International Consortium of Investigative Journalists and based on leaked documents obtained by BuzzFeed News. While some banks said many of the transactions happened a…
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Nov
02
2020
By The African Mirror
The courtroom battle for the freedom of the Bushiris

The courtroom battle for the freedom of the Bushiris

NEWS
AFRICAN MIRROR REPORTER THE state has tabled a compelling case on why religious leader Shepherd Bushiri and his wife, Mary, should not be granted bail and kept in custody until the finalisation of his R120-million fraud and money laundering case. Bushiri, his wife, Willah Mudolo, Zethu Mudolo and Landiwe Ntlokwana were applying for bail after their arrest in connection with a suspected R120 ponzi scheme through which members of the Enlightened Christians Gathering were defrauded. In the Pretoria magistrate’s case, the state argued that Bushiri was a flight risk who had, before his arrest, attempted, on three occasions, to board…
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Oct
20
2020
By The African Mirror
“Prophet” Shepherd Bushiri and wife in custody in connection with R102-million fraud

“Prophet” Shepherd Bushiri and wife in custody in connection with R102-million fraud

NEWS
AFRICAN MIRROR REPORTER SHEPHERD Bushiri, one of Africa’s influential and rich religious leaders and his wife are in police custody after they were arrested by the South African law enforcement authorities in connection with a R102-million fraud and money laundering case. Bushiri, head of the Enlightened Christian Gathering (ECG) and his wife Mary are expected to appear in court on Friday, where they are expected to apply for bail. Bushiri's wife was arrested at their Sandton home while Bushiri, who was suspected of attempting to evade arrest, handed himself over at the Silverton Police Station in Pretoria. The arrest of…
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Oct
31
2020
By The African Mirror
“Prophet” Bushiri and wife spends 2nd weekend in jail

“Prophet” Bushiri and wife spends 2nd weekend in jail

NEWS
AFRICAN MIRROR REPORTER THE bid for freedom by Shepherd Bushiri, one of Africa’s influential and rich religious leaders and his wife has failed and the couple has to spend the second weekend in a South African jail, following their arrest on fraud and money laundering charges. Bushiri, his wife Mary, Willah and Zethu Mudolo appeared in Pretoria Magistrates Court on Friday where their bail application was rescheduled to Monday to give the state time to formulate heads of arguments. The postponement angered hundreds of Bushiri supporters who gathered outside court. Before the postponement, the court heard arguments from the state,…
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Oct
22
2020
By The African Mirror
Four ex-top Gauteng officials bust for R1.2-billion tender fraud

Four ex-top Gauteng officials bust for R1.2-billion tender fraud

NEWS
AFRICAN MIRROR REPORTER FOUR former senior Gauteng Health Department officials have been arrested in connection with fraud, corruption and money laundering in connection with an irregular R1,2-billion information technology tender. Former head of department Sybil Ngcobo, Mmakgosi Mosupi (former director of information and communication), Valdis Ramaano (former head of supply chain) and Obakeng Moekeletsi (former deputy director-general), were arrested by The Hawks and have appeared in the Palm Ridge Commercial Crimes Court, where they were granted bail. The state alleges that in 2007,  the four were involved in criminal activities which resulted in a tender for R57-millions ballooning to R1.2-bilion…
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Jun
26
2021
By The African Mirror
Ghana off money laundering list

Ghana off money laundering list

NEWS
GLOBAL money laundering and terrorist financing watchdog FATF said yesterday that Ghana was no longer under its increased monitoring process but said other nations were now on that list. "The FATF congratulated Ghana for the significant progress it has made," the Financial Action Task Force said in a statement, adding that Haiti, Malta, the Philippines and South Sudan were "new jurisdictions subject to increased monitoring".
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Jun
15
2021
By The African Mirror
Gupta ally freed on R10 000 bail

Gupta ally freed on R10 000 bail

NEWS
AFRICAN MIRROR REPORTER DINESH Patel, an ally of the Gupta family, suspected of being at the centre of state capture in South Africa, has appeared in court and was granted bail of R10 000. Patel, a 5th accused, joined his brother-in-law Iqbal Sharma and 15 other accused in facing charges of fraud, money laundering in connection to the R25-million feasibility study that was to be conducted on the Estina Dairy Farm in Vrede, in the Free State. According to the charge sheet, Patel’s company, Nulane Investments, received the R25-million from the Free State government and because it had no capacity…
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