Thai Authorities Suspend Dubious Hire Purchase Company

Thailand’s Securities and Exchange Commission has requested a criminal probe into the activities of Mitsuji Konoshita, the chief executive officer of Group Lease Plc., suspended it from trading as of Oct. 16, the Stock Exchange of Thailand has announced. Th... Read More...

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... Read More...

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 dispute resolution firm. Ayoub-Farid and Fadi S... Read More...

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... Read More...

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 J Trust put out a press release accusing the South... Read More...

US Shuts Down Rogue Bank

After a three-year court battle, a US district court judge in Washington, DC has in effect put a rogue Tanzanian bank out of business that was accused of laundering money through its Cyprus branch for a failed ... Read More...