27/5/2016/SEC The Commission received several complaints against the 1st and 2nd Respondent over failure, refusal and/or neglect to liquidate their investments in both the Guaranteed Consolidated Notes (GCN) and Guaranteed Premium Notes (GPN). Upon investigation of the complains it was discovered that the indebtedness of the 1st & 2nd respondent […]

Wed May 25, 2016/Reuters Alibaba Group Holding Ltd (BABA.N) said it was being investigated by the U.S. Securities and Exchange Commission over whether the Chinese e-commerce company’s accounting practices violated any federal laws. Alibaba’s shares were down 4.1 percent at $77.80 in early trading on Wednesday. The company has provided […]

Mon May 23, 2016/Reuters South Africa’s Standard Bank said on Monday it had lost 300 million rand ($19 million) in a card fraud incident in Japan, after the perpetrators used counterfeit cards to withdraw cash from automatic teller machines. The bank said its South African operations suffered the losses, not […]