Day: November 10, 2019

10^th November 2019

SOUTH KOREA: EXIMBANK UNDER INVESTIGATION FOR BRIBERY

On 10^th November, the Korea Times reported that the Export-Import Bank of Korea (Eximbank) has been under police investigation over the past 2 months for bribery charges against its employees, according to the Seoul Metropolitan Police Agency’s special criminal investigation division, re allegations that employees were entertained by securities firms marketing foreign bonds.

http://www.koreatimes.co.kr/www/biz/2019/11/126_278468.html

SOUTH AFRICA: ZUMA-LINKED LAWYER AND FORMER PETRO SA BOSS IN COURT ON FRAUD AND THEFT CHARGES

News 24 on 10^th November reported that lawyer George Sabelo and former state-owned oil company PetroSA boss Yekani Tenza are due to appear in the Bellville Magistrate’s Court on charges of fraud or, alternatively, theft relating to activities in 2011-12.

https://www.news24.com/SouthAfrica/News/zuma-linked-lawyer-former-petrosa-boss-in-court-on-fraud-theft-charges-20191109

ORGANISED CRIME GANGS TURN SCOTLAND INTO VIETNAM HUMAN TRAFFICKING HOTSPOT

On 10^th October, the Daily Record reported that the number of men and women from Vietnam being kept as slaves is said to have almost doubled in 12 months.  59 Vietnamese were identified as victims of human trafficking in the first 6 months of this year, compared to 33 for the same period in 2018.

https://www.dailyrecord.co.uk/news/scottish-news/organised-crime-gangs-turn-scotland-20849674

 

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

On 10^th November, The Portugal News reported that Adelino Vera-Cruz Pinto, a former Portuguese vice-consul in Brazil, has been sentenced to 6 years in prison in Portugal for qualified fraud and money laundering, in a case involving embezzlement of funds from the archdiocese of Porto Alegre in Brazil.  The conviction is said to involve almost €1 million that belonged to the archdiocese of Porto Alegre, a donation to restore 2 churches of Portuguese origin in 2010-11.  He was dismissed by the foreign affairs ministry in 2011.  His wife at the time, Maria da Anunciação Figueiredo, was also sentenced to 4 years in prison with a suspended sentence for money laundering.

https://www.theportugalnews.com/news/ex-vice-consul-to-brazil-sentenced-to-6-years/51936

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

On 10^th November, in a post on his blog, Kenneth Rijock points to the July Advisory from OFAC – Deceptive Practices by Iran with respect to the Civil Aviation Industry, and says that obtaining End-User Certificates should be a mandatory requirement of all sales to the Middle East, as well as Sub-Saharan Africa, and for these to be signed by 2 senior officers of the clients’ client, have the corporate seal, and be notarised, to verify that it is the act and deed of the recipient company.  This is because of the apparent penetration of the US aviation industry by Iran and those obtaining supplies on behalf of Iran.  End-User Certificates are intended to prove that the stated end-user of the goods is actually the end-user, should be supplied by the end-user to prove this, and are (or should be) commonly used for military, dual-use and other licensed or controlled goods.

http://rijock.blogspot.com/2019/11/are-your-bank-clients-selling-equipment.html

The Advisory is at –

https://www.treasury.gov/resource-center/sanctions/Programs/Documents/20190723_iran_advisory_aviation.pdf

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