News

Chinese Canadian billionaire Xiao Jianhua, who at one point controlled a network of 40 financial institutions, has been sentenced by the Shanghai First Intermediate People's Court to 13 years in prison and his company fined the equivalent of $8.1 billion for illegal obtainment of public deposits, illegal use of funds, breach of trust and bribery, Bloomberg reported. More Real estate prices in Baghdad are increasing to levels that sometimes exceed those in Dubai and London due to rampant political corruption and money laundering, the Media Line reported. More Philippine prosecutors indicted a manager of Bank of the Philippine Islands for...