An effort by the United States to seize assets from officials who stole their countries’ wealth is now focused on returning the loot without enriching the looters.
The United States needs to start paying attention to what has happened to the world economy. Gigantic sums of money are now traveling the world incognito.
Elnara Shorazova has a weakness for health spas, expensive treatments and luxurious restaurants. She sometimes manages to spend in a couple of days, between Vienna and Krumpendorf am Wörthersee, an amount that an average earner would be happy to earn in a month.
Accused of involvement in stealing billions from Malaysia’s sovereign wealth fund, Prime Minister Najib Razak did what autocratic leaders around the world do when scandal is in the air. He cleared house.
A Cypriot court ordered the freeze of assets located in Cyprus in possession of Elnara Shorazova, the widow of former Kazakh diplomat Rakhat Aliyev, a source familiar with the matter said.
Attorney General Costas Clerides has blocked a motion in the House looking to scrutinise how the Famagusta Cooperative (Co-op) Bank handled accounts linked to the late ex-Kazakhstan official Rakhat Aliyev.
A group of Kazakh exile dissidents said they have asked Cypriot authorities to freeze assets worth tens of millions of euro held by the widow of the former son-in law of Kazakhstan’s ruler Nursultan Nazarbayev, on the grounds the money had been illegally seized.
A Swiss court has ordered the re-opening of an investigation concerning alleged Kazakh government-backed illegal surveillance of a political exile based in the Lake Geneva area.
A Financial Times investigation picks through the murky path from the former mayor of Almaty to Trump Soho.
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