Indonesia Seizes Luxury Yacht, Questions Crew in Malaysian 1MDB Scandal

By Agustinus Beo Da Costa JAKARTA, March 1 (Reuters) - Indonesian police on Thursday questioned the captain and crew of a luxury yacht seized in Bali at the request of U.S. authorities, probing alleged money laundering at a Malaysian state fund, they said. The yacht was impounded in Bali on Wednesday amid a multi-billion dollar corruption investigation launched by the … [Read more...]

Louisiana Maritime Instructor Charged with Selling Fake DP Training Certificates

A former Louisiana maritime instructor has been indicted on federal charges for allegedly accepting cash payments to fraudulently certify individuals on critical maritime infrastructure equipment for which they never actually completed training. The charges were handed down earlier this month in the Eastern District of Louisiana follow an investigation by U.S. Immigration … [Read more...]

Glencore Ordered to Pay Millions Over Decades-Old Oil Fraud

By Kit Chellel (Bloomberg) -- Glencore Plc was ordered to pay just over $40 million to OMV Petrom SA by a U.K. court for fraudulently shipping oil of a lower-than-purported quality to Romania in the 1990s. Marc Rich & Co., later to become Glencore International AG, sold about 32 shipments to Romanian state firms from 1993 to 1996 made up of cheaper crude blends than … [Read more...]

Denmark Arrests Former OW Bunker Manager Wanted in Italy

COPENHAGEN, Dec 18 (Reuters) - Denmark has arrested a former manager of collapsed ship fuel supplier OW Bunker and intends to hand him to Italy, where he is suspected of fraud, the Danish public prosecutor said on Thursday. A statement from the prosecutor's office did not disclose any details. Danish daily Berlingske reported earlier this week that the arrested person and … [Read more...]

Maersk Targeted in Petrobras Probe as Graft Scandal Goes Global

By Sabrina Valle Dec. 6 (Bloomberg) -- Brazilian authorities are investigating foreign companies including AP Moeller-Maersk A/S over allegations they bribed Petroleo Brasileiro SA executives in exchange for contracts, widening the probe from local suppliers to companies working on oil projects around the globe. A prosecutor and a federal police agent said in interviews … [Read more...]