26th May 2019
CHINA’S BAOSHANG BANK IS TAKEN OVER BY REGULATORS
On 24th May, PYMNTS.com reported that Baoshang Bank, based in Inner Mongolia, will be taken over for a year by China’s banking and insurance regulator over critical credit risks.
EGYPT UNFREEZES ASSETS OF MUBARAK-ERA INTERIOR MINISTER HABIB AL-ADLY
Arab News on 26th May reported that Egypt has unfrozen the assets of its Mubarak-era interior minister, who was acquitted on all corruption-related charges earlier this month. In 2014, Adly was acquitted of charges of responsibility for the deaths of protesters during the 2011 uprising.
JERSEY STREETS PAVED WITH GOLD FOR DRUG CRIMINALS
On 26th May, an article on the Jersey Evening Post was concerned with the claim that dDRUG gangs from all of the UK’s major cities and across Europe still see Jersey as a major target for their criminal enterprises because of the sky-high prices drugs can fetch on the Island’s streets. This was as 8 criminals, 4 of whom were born on Merseyside, were jailed for a combined total of more than half a century for their parts in conspiracies to bring almost £1 million worth of heroin and cannabis to Jersey. Alan Smitton, a Liverpudlian career criminal, who was living in the Island, was jailed for 17 years for his role in both the drugs operations.