The new documentary titled “Man on the Run” explores the massive 1MDB scandal, where billions vanished from Malaysia’s sovereign wealth fund. At the center was Malaysian businessman Jho Low, the fugitive accused of masterminding the historic fraud. But Low had help from the highest ranks of government and society. The film features interviews about Low’s...
On Friday, the London Bullion Market Association, which regulates the United Kingdom capital’s metals market, suspended Emirates Gold DMCC’s affiliate membership after conducting a review. Two of the ultimate beneficial owners of Emirates Gold are relatives of Zimbabwean businessmen Simon Rudland and Howard Baker, according to Bloomberg sources familiar with the UAE decision. A documentary...
Let me say this from the outset, the United Arab Emirates (UAE) is no friend of mine. It was there that I was arrested in 2018 on baseless allegations that I was spying for my country, the UK, and there that I was tortured and sentenced to life imprisonment (an experience suffered by innumerable other foreigners and Emiratis...
As geopolitical winds shift, the US and European governments turn a blind eye to Emirates’ money laundering problem. BERLIN — Germany, the U.S. and several other Western countries are pushing a global money-laundering watchdog to give the financial system in the United Arab Emirates a clean bill of health despite persistent indications that the country...
A Dubai-based Irish businessman has been placed on the US Treasury’s sanctions list as part of move to stop the flow of Russian money abroad. John Hanafin and his Huriya Private firm have been listed along several other individuals and companies used to help Russia evade sanctions. According to a Treasury statement yesterday “Hanafin facilitated...
Spectacular skyscrapers, luxury lifestyles, and sunny beaches — these are the hallmarks of Dubai, a Middle Eastern financial hub known as a playground for the global rich. But the glamorous emirate also has a darker reputation as a tax haven, a top destination for illicit cash, and a preferred hub for money laundering, often through...
Russia’s invasion of Ukraine and the ensuing raft of Western sanctions have prompted an explosion of interest in the United Arab Emirates (UAE) among Russians. Bilateral trade is breaking all previous records, and Russians are buying up real estate and opening businesses there. Yet for all the hope that the UAE could become an alternative...
As the next host of COP28, scheduled for the end of 2023, the United Arab Emirates has become a mecca of international sanctions evasion, and both Russians and Syrians are taking advantage. From November 30 to December 12, 2023, the United Arab Emirates Confederation will host COP28. Not only is Dubai, which is considered a...
South Africa said Friday it had learnt with “shock and dismay” that the United Arab Emirates had turned down its request to extradite two brothers accused of orchestrating industrial-scale corruption. Justice Minister Ronald Lamola said the government was notified on Thursday evening of a Dubai court decision not to allow for the extradition of business...
PASSION Java, a self-proclaimed prophet and close ally of President Emmerson Mnangagwa has waded into the Gold Mafia scandal, telling Zimbabweans the alleged ongoing heists of their minerals do not matter. Java also claimed that Angel’s utterances were deliberate as he was part of a Central Intelligence Organisation (CIO) investigation into Al Jazeera itself and...