South Africa's former leader Jacob Zuma pleaded not guilty on Wednesday to corruption, fraud, racketeering and money laundering charges relating to a $2 billion arms deal when he was deputy president.
By Reuters Staff
4 Min Read
BEIJING, May 25 (Reuters) - China’s market regulator has begun an investigation into suspected anti-competitive practices by KE Holdings, the country’s biggest housing broker whose top backer is Tencent Holdings, two people who know of the matter said.
The investigation is the latest into China’s big so-called “platform” companies that match sellers and buyers, several of which have been accused by regulators of exploiting consumers.
KE Holdings, which operates housing platforms Lianjia and Beike in China, was warned last month by the State Administration for Market Regulation (SAMR), along with dozens of internet companies, against any abuse of market dominance and told to conduct self-inspections.
A lawsuit against law firm Dechert and the UK Serious Fraud Office (SFO) launched by ENRC, a mining company at the centre of an eight-year British corruption investigation, is the "stuff of conspiracy theories", a London trial heard on Tuesday.
By Reuters Staff
1 Min Read
SINGAPORE, May 24 (Reuters) - Singapore’s Court has accepted a request to freeze up to $3.5 billion of worldwide assets of Lim Oon Kuin and his two children following the collapse of Lim’s oil trading firm Hin Leong Trading Pte Ltd, the company’s liquidators told creditors in an email seen by Reuters.
Court-appointed liquidators of Hin Leong, the Lim family and their lawyers, and the Singapore High Court did not immediately respond to requests for comment on Monday. (Reporting by Anshuman Daga and Jessica Jaganathan; Editing by Himani Sarkar)
8 Min Read
(Reuters) - The Scottish government is facing a new legal challenge over its February rejection of a motion to investigate former U.S. President Donald Trump’s all-cash purchases of two golf courses, reviving an effort to force Trump to disclose how he financed the deals.
FILE PHOTO: U.S. property magnate Donald Trump practices his swing at the 13th tee of his new Trump International Golf Links course on the Menie Estate near Aberdeen, Scotland, Britain June 20, 2011. REUTERS/David Moir
Avaaz, a global human rights group, filed a petition in Scotland’s highest civil court seeking a judicial review of the government’s decision not to pursue an “unexplained wealth order” on Trump’s business. In February, Parliament voted 89-to-32 against the motion, which was brought by the minority Scottish Green Party and would have sought details on the source of the money the Trump Organization used to buy the courses in 2006 and 2014.