Thu Oct 2, 2014/Reuters (Repeats story published on Wednesday, with no changes) * Half of $1.1 bln paid for oil field went on bribes-prosecutors * Case relates to Eni’s 2011 purchase of OPL 245 offshore field * Eni’s former and current CEO under investigation in the case * Eni executives […]
Frauds & Scandals
IOSCO Advocates Enhanced MMoU in Combating Cross-Border Fraud/Misconduct
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- The board of the International Organisation of Securities Commissions (IOSCO) on Wednesday said it has agreed to continue to work on a new enhanced Multilateral Memorandum of Understanding (MMoU) to help combat cross-border fraud and misconduct. Greg Medcraft, board chairman of IOSCO said this […]
JPMorgan to face U.S. class action in $10 billion MBS case
A federal judge on Tuesday said JPMorgan Chase & Co must face a class action lawsuit by investors who claimed the largest U.S. bank misled them about the safety of $10 billion of mortgage-backed securities it sold before the financial crisis. U.S. District Judge Paul Oetken in Manhattan certified a […]