Wed Aug 19, 2015/Reuters A unit of Citigroup Inc (C.N) will pay $15 million to settle civil charges alleging it failed to enforce policies designed to prevent and detect insider trading, U.S. regulators said. Wednesday’s settlement with the Securities and Exchange Commission marks the second time this week that Citigroup […]
Frauds & Scandals
Exclusive: U.S. graft probes may cost Petrobras record $1.6 billion or more – source
Tue Aug 18, 2015/Reuters Brazil’s Petrobras may need to pay record penalties of $1.6 billion or more to settle U.S. criminal and civil probes into its role in a corruption scandal, a person recently briefed by the company’s legal advisors told Reuters. State-run Petroleo Brasileiro SA, as the company is […]
FG Hires KPMG, PWC To Conduct Forensic Audit Of CBN, SEC, NIMASA, DPR
August 13, 2015/The Will A forensic audit of all federal government revenue generating agencies is about to commence. The audit is on the order of the committee set up by the National Economic Council (NEC) to investigate the discrepancies between the money generated from crude oil sales and the amount […]
