Transparency Intl. calls on Zambian govt. to act on management of frozen assets

By: 
IAAR Staff
Date: 
11/18/2010
Transparency International has adopted a declaration calling on governments to act decisively on the repatriation of stolen assets and management of frozen assets. And Transparency International Zambia (TIZ) president Reuben Lifuka called on the government to take the declaration seriously. The Zambia Post, 11/19/2010
  • A total of nine people were arrested in Prince George's County, Maryland, on Tuesday, including three local police officers on charges of conspiracy to commit extortion and conspiracy to distribute cocaine. The indictment also seeks the forfeiture of $3.5 million, 25 properties, 13 vehicles and 84 bank accounts that allegedly are proceeds of crimes or were used to facilitate crimes. The charges may stem from the larger probe of corruption in Prince George's County. Washington Post, 11/16/2010
  • The United Kingdom must put “beyond doubt” that bona fide corporate hospitality will not fall foul of the Bribery Act, the Confederation of British Industries has said. Other business groups have cautioned that the legislation, which takes effect next April and introduces a new offence of failure by a commercial organisation to prevent a bribe being paid for or on its behalf, could put small exporters at a disadvantage. Speaking as the deadline for responses to draft guidance passed yesterday, the CBI urged the government to amend the legislation so that businesses could be certain that normal corporate hospitality would not be affected. The Telegraph, 11/8/2010
  • The trustee overseeing the bankruptcy* of Bernard Madoff's investment firm spent $26.9 million in the six months ended Sept. 30 while recovering $849,000 over the same period for victims of the money manager's Ponzi scheme*, according to a report filed in Manhattan federal court. Business Week, 10/31/2010
     
  • Lyn and Keith Isaac were not customers of the Spanish bank Santender when in November 2008 Lyn wrote a five-figure check to be drawn from their HSBC account. The money was to be deposited with another institution. But the letter was intercepted and the check stolen, and now Santander's lax security is under scrutiny after a Suspicious Activity Report was not placed on the account. Guardian Mail, 10/31/2010

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