Fraud
The Kenya Revenue Authority (KRA) has reversed online VAT registration, reverting to a manual system to curb "ghost traders" accused of siphoning billions of shillings through the "Missing Trader Scheme". The scheme involves issuing fictitious invoices to depict business transactions with no goods or services supplied.
Fraud
Research from Applied Science University has shed light on the critical role of artificial intelligence (AI) in mitigating financial fraud and terrorist financing through cryptocurrency tracking. The study, published in the Social Sciences journal, employed a quantitative approach to examine the key factors that enhance confidence in AI-driven auditing and
Fraud
The nation's largest shipbuilders and naval engineering consultancies formed a "gentlemen's agreement" not to recruit each other's employees to drive down wages, a putative class action alleged. The 4th U.S. Circuit Court of Appeals reinstated the lawsuit, ruling that the alleged
Fraud
Oregon real estate investment company owner Robert D. Christensen has pleaded guilty to his role in an $18 million wire fraud and money laundering scheme, joining his business partner and co-owner Anthony M. Matic, who pleaded guilty in March 2025. The duo, owners of a real estate investment company, convinced
Fraud
The Malaysian Anti-Corruption Commission (MACC) has arrested two individuals, a former company owner and a former Chief Financial Officer, both in their 40s to 50s, on suspicion of submitting false particulars amounting to approximately RM8.1 million. The individuals were arrested on Tuesday evening when they arrived to give their
Fraud
The House of Representatives has launched an investigation into the Nigerian Education Loan Fund (NELFUND) over allegations of unethical practices in the disbursement of student loans. The move follows a motion of urgent public importance sponsored by Hon. Aliyu Mustapha, which highlighted concerns about transparency, accountability, and compliance with the
Fraud
The court has ruled that the State must provide former eThekwini mayor Zandile Gumede and her co-accused with a report on the investigation into the R320 million Durban Solid Waste tender irregularities. The report was allegedly prepared by Integrity Forensic Solutions (IFS) and concluded that the company was appointed unlawfully.
Fraud
Malaysian Anti-Corruption Commission (MACC) has made a significant breakthrough in its efforts to combat corruption in the country. Two individuals, a former company owner and a former Chief Financial Officer, both in their 40s to 50s, have been arrested on suspicion of submitting false particulars amounting to approximately RM8.1
Fraud
Actress Lim Sung-eon's husband, a 55-year-old businessman, is facing allegations of being involved in a large-scale apartment development scam, with estimated damages reaching 20 billion won ($15 million). Online media outlet Dispatch reported that the husband has three prior fraud convictions and is currently under investigation for fraud,
Fraud
Irish customs authorities, in cooperation with the European Anti-Fraud Office (OLAF), successfully disrupted a large-scale smuggling operation involving the illegal importation of electric bikes and e-scooters worth €4.5 million into the European Union. The operation, which involved targeted searches at two warehouses, resulted in the seizure of over 4,
Fraud
The Durban High Court has issued a ruling that the State must provide the file opened and registered with the City Integrity and Investigations Unit (CIIU) in relation to allegations of irregularities committed by the former boss of CIIU and top investigator in the appointment of Integrity Forensic Solutions (IFS)
Fraud
President Bola Ahmed Tinubu has granted a 14-day presidential reprieve to owners of 4,794 properties in the Federal Capital Territory (FCT) whose land titles were recently revoked. This reprieve comes after the FCTA began taking over properties over unpaid ground rents spanning 10 to 43 years. The affected properties
