Indonesia

Final Curtain for Cyprus Money-Launderer

The Tanzania-based FBME Bank, which has been described as one of the most notorious money-laundering operations in the world, has lost its final fight for access to the US electronic money transfer system, effe...

Rogue Bank May Have Lost Fight to Stay Open

Ayoub-Farid, Fadi and Michael Norbert Saab, the beneficial owners of the Tanzania-based FBME Bank, whose Cyprus unit has been described as one of the most notorious money-laundering operations in the world, app...

International Investment Firm Ordered Shut in Bermuda

The Supreme Court of Bermuda has ordered the Bermuda arm of the controversial empire of the Lebanese Saab brothers liquidated following an investigation by KRyS Global, an international fraud investigation and ...

A New Bank of Crooks and Criminals

The Cyprus-based FBME bank, permanently blocked in April by a US court from access to the US banking system and thus basically shut down, has among its depositors arguably the biggest collection of financia...

Japanese Firm Got Almost a Free Indonesian Bank

A scandal-plagued Indonesian bank, now in the hands of a controversial Japanese company, was sold to its new owners for virtually nothing, adding another layer of intrigue to the long saga of what was once the ...

New Mystery For Controversial Japanese Group

The Japanese conglomerate J Trust Group, which has come under the spotlight for a series of financial inconsistencies in Indonesia, Thailand and Cyprus, has added another. On April 14, an apparently frustrated ...

Indonesia’s Rogue Bank

In a country replete with financial scandals, there are few with as many twists and turns as Bank Century, whose near failure in 2008 spurred fears of a systemic collapse of Indonesia’s financial system bef...