OTHER THINGS YOU MAY HAVE MISSED – AUGUST 18

18th August 2019

FOUNDER OF LARGE DRUGS RING RETURNED TO ISRAEL FOR PROSECUTION AFTER ESCAPING POLICE IN UKRAINE, BEING RECAPTURED AND EXTRADITED

Arutz Sheva reported on 18th August that Amos Dov Silver, a dual US-Israel citizen, had landed in Israel after a Ukrainian court approved his extradition to Israel for prosecution of drug offences, money laundering and other offences.  His Telegrass organisation allegedly utilised the encrypted messaging app Telegram to sell drugs such as marijuana, ecstasy and cocaine, and had a vast network across the US, Ukraine and Germany.  It had over 100,000 members, including thousands of drug dealers, and reportedly earned about $16,951 a month.

http://www.israelnationalnews.com/News/News.aspx/267547

https://www.rferl.org/a/ukraine-catches-suspected-israeli-online-drug-dealer-arrests-3-sbu-officers-in-process/30115438.html

LAWMAKER SAYS IRAN CAR MANUFACTURERS MIRED IN CORRUPTION

Radio Farda on 18th August reported that Iran’s car manufacturing industry is suffering from “widespread financial corruption”, according to a member of Majles (parliament). He said that $250 million was spent for designing a new trunk for the French Peugeot 206 model, while with the same amount of money they could have run a new production line.  Iranian car manufacturers are mostly directly or indirectly government-owned.

https://en.radiofarda.com/a/lawmaker-says-iran-car-manufacturers-mired-in-corruption/30115014.html

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FORMER CALIFORNIA MAYOR INDICTED IN BRIBERY SCHEME

On 18th August, the Macon telegraph reported that a grand jury has indicted the former mayor of Palm Springs in a public corruption case that alleges he took $375,000 in bribes from real estate developers.  Stephen Philip Pougnet could be barred for life from holding public office if he is convicted.

https://www.macon.com/news/politics-government/national-politics/article234129847.html

AUSTRALIA: AUSTRAC FLAGS TOUGH ACTION AFTER BEING ‘FLOODED’ WITH MONEY LAUNDERING BREACHES

On 18th August, the Sydney Morning Herald reported that Austrac warns it is likely to take more action against Australia’s top financial institutions after being “flooded” with reports of potential breaches following its landmark case against the Commonwealth Bank.

https://www.smh.com.au/business/banking-and-finance/austrac-flags-tough-action-after-being-flooded-with-money-laundering-breaches-20190816-p52hsi.html

THAILAND: BUSINESSMAN ARRESTED OVER ALLEGED GOLD TRADE FRAUD

On 18th August, The Nation reported that Thai businessman Chanut “Dr Ae” Srisang was arrested in Bangkok for his alleged role in a private company’s alleged scam luring people to invest in gold trading that inflicted losses estimated at around $2.6 million.

https://www.nationthailand.com/news/30374934

 

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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