Tag: White Collar Crime / Fraud / Corporate Crime

Huawei CFO raises new argument to fight U.S. extradition in Canada court

VANCOUVER/NEW YORK (Reuters) – Huawei Chief Financial Officer Meng Wanzhou is raising a new argument in a Canadian court in a bid to fight extradition...

Outside panel to review Samsung heir Lee’s case: Seoul prosecutors

SEOUL (Reuters) – An outside panel will weigh the validity of an investigation into Samsung Group heir Jay Y. Lee over a 2015 merger and...

South Korean court denies arrest warrant request for Samsung heir

SEOUL (Reuters) – A South Korean court on Tuesday denied an arrest warrant request for Samsung Group heir Jay Y. Lee after prosecutors accused him...

Samsung leader appears in court, waits to hear if he’ll be jailed again

SEOUL (Reuters) – Samsung Group’s leader, Jay Y. Lee, appeared before a South Korean court on Monday, awaiting a ruling on whether new allegations including...

Court to decide whether to jail embattled Samsung heir again

SEOUL (Reuters) – A South Korean court will rule as soon as Monday whether to send Samsung Group heir Jay Y. Lee back to jail...

Exclusive: Huawei hid business operation in Iran after Reuters reported links to CFO

LONDON/DUBAI (Reuters) – China’s Huawei Technologies acted to cover up its relationship with a firm that had tried to sell prohibited U.S. computer gear to...

Korean prosecutors question Samsung heir in succession-related probe

SEOUL (Reuters) – Samsung Group heir Jay Y. Lee was questioned on Tuesday by prosecutors about a controversial 2015 merger and alleged accounting fraud that...

Exclusive: India watchdog reviewing antitrust allegations against Facebook’s WhatsApp – sources

NEW DELHI (Reuters) – India’s antitrust watchdog is looking into allegations that Facebook’s WhatsApp is abusing its dominant position by offering payment services to its...

Samsung heir’s apology fans skepticism as watchdog panel meets

SEOUL (Reuters) – Samsung Group heir Jay Y. Lee’s vow to end dynastic succession at South Korea’s biggest conglomerate following three generations of Lee family...

U.S. reaches settlement to recover over $49 million involving Malaysia’s 1MDB: DOJ

KUALA LUMPUR (Reuters) – The United States has reached a settlement to recover more than $49 million involving Malaysian sovereign wealth fund 1MDB, the Department...

Samsung heir Lee apologises over succession, won’t hand control to children

SEOUL (Reuters) – Samsung Group heir Jay Y. Lee, embroiled in a bribery scandal, on Wednesday made a rare apology over controversial succession plans and...

Exclusive: U.S. coronavirus stimulus went to some healthcare providers facing criminal inquiries

WASHINGTON (Reuters) – Eager to bolster the healthcare system during the coronavirus pandemic, the U.S. government last month sped $30 billion in stimulus payments to...

Tesla tumbles after Musk tweets stock too high

(Reuters) – Shares of Tesla Inc (TSLA.O) tumbled 9% on Friday after Chief Executive Officer Elon Musk tweeted that the electric carmaker’s high-flying stock was...

KPMG audit finds fault with Wirecard, shares slump 19%

BERLIN (Reuters) – An independent investigation by auditor KPMG into Wirecard (WDIG.DE) found on Tuesday the German payments company did not provide sufficient documentation to...

Demand for Luckin app surges as Chinese rush to drink up after admission of fraud

BEIJING / HONG KONG (Reuters) – Luckin Coffee’s app has rocketed to become the second most popular in China as consumers rushed to claim a...

WeWork troubles deepen as SoftBank pulls $3 billion tender offer

(Reuters) – SoftBank Group Corp (9984.T) said it has terminated a $3 billion tender offer for additional WeWork shares agreed last year with shareholders, drawing...