Daily

Bosnia Arrests Dutch-Iraqi Suspected Human Trafficker

Bosnia and Herzegovina’s law enforcement have apprehended a Dutch citizen of Iraqi descent suspected of orchestrating a criminal network that smugged more than 1,500 Iraqi nationals to the EU accruing a substantial illicit financial profit in the process.

Spain Probes Equatoguinean Minister For Bribes, Money Laundering

Spain is investigating the son of Equatorial Guinea’s ruler, Teodoro Obiang, for his alleged involvement in a money laundering and tax fraud network that has whitewashed millions of dollars from bribes paid by a Portuguese company to which he awarded a construction contract in the African country.

Kyiv Police Bust $1.7M Embezzlement Scheme

Police in Ukraine have accused the director of an energy supply company in Kyiv of embezzling more than 67 million hryvnias (US$1.7 million) from the state budget by selling electricity at inflated prices to a department within the State Water Resources Agency.

Italian Authorities Bust VAT Fraud Ring

Italian authorities have put 11 suspects under house arrest as part of a crackdown on a VAT fraud ring that has deprived the budget of the European Union as well as national budgets of more than 25 million euros (US$27.17 million).