JPMorgan Asset Management, a unit of JPMorgan Chase & Co. (JPM), plans to close another 100 funds out of its existing 650 funds, according to a Financial Times report. The closure will comprise 15% of its active funds across Asia and the U.S. As part of the recent plans, JPMF […]
Author: InvestAdvocate
UK court to restart $145-million Nigeria asset-confiscation case
A British court hearing in which prosecutors were seeking the confiscation of 90 million pounds ($145 million) in assets they say belong to a corrupt former Nigerian oil state governor ended inconclusively on Monday and will start afresh next year. James Ibori, who was governor of oil-producing Delta State in […]
IBORI: London Trial In Dramatic End For Lack Of Evidence
The London Metropolitan Police admitted in open court on the very last day of the assets confiscation trial, today, that they lacked enough evidence to support their allegations of fraud, corruption and money laundering against Chief James Onanefe Ibori, the former Governor of Delta State. However in a most surprising […]