Ellen's Swiss News World
Oh, the Gaul of it! GENEVA, SWITZERLAND – An investigation in Geneva appears to have led to Jérôme Cahuzac, former French budget minister, coming clean about his foreign bank account Tuesday afternoon 2 April. Cahuzac offered his apologies to French Prime Minister Francois Hollande for hiding the fact he kept €600,000 in an account abroad [...]
GENEVA, SWITZERLAND – The International Football Federation, Fifa, is under the gun again over a bribery scandal that surfaced in 2001 when World Cup marketing partner ISL declared bankruptcy in Switzerland. The Swiss Supreme Court investigation and subsequent corruption report on paybacks of close to CHF15 million was finally released Wednesday 11 July by Fifa, [...]
“One of the most significant corruption trials in Israel’s history” gives 2 acquittals, 1 guilty verdict GENEVA, SWITZERLAND – Ehud Olmert, former Israeli prime minister, from 2006 to 2009, has been found guilty on one count of breach of trust and he has been acquitted on two other charges, in what the Jerusalem Post is [...]
ZURICH, SWITZERLAND – Bank UBS is being accused of lack of due diligence by Swiss-based rainforest advocacy group Bruno Manser Fund (BMF). The charges are made in a filing with the Zurich public prosecutor and are linked to corruption in Malaysia in the forestry industry. A month earlier, Geneva Social Democrat Carlo Sommaruga filed a [...]
Public transparency and money laundering risk remain, but exports, competitiveness and higher education strong GENEVA, SWITZERLAND – ‘Tis the season for a number of comparative tables and measurements, and Switzerland is holding up relatively well. Here’s a quick rundown of the Swiss state of things in a global context: Swiss economy gaining momentum, with exports [...]
Canadians had own investigation, but Swiss reportedly asked for help over money laundering and corruption ZURICH, SWITZERLAND – Riadh Ben Aissa was arrested in Switzerland sometime in the past few days, but it’s not yet clear what charges are faced by the former head of global construction SNC-Lavalin, a large Canadian company. The company has [...]
GENEVA, SWITZERLAND – The London Wapping offices of News Corp, owner of British tabloid The Sun, were raided by Scotland Yard police early Saturday 28 January and during the morning Saturday four journalists and a police officer were arrested. The journalists are all current or former Sun journalists. The Metropolitan Police issued a statement that [...]
GENEVA, SWITZERLAND – The Global Fund, which disburses monies from other organizations to fight Aids, malaria and tuberculosis, is celebrating its 10th birthday this week with a special gift: the Bill Gates Foundation, which gave $650 million during the Fund’s first decade, has just announced it is giving an additional $750m. The news, announced by [...]
GENEVA, SWITZERLAND – The death toll has been steadily mounting with at least 140 people known to have died in Kano, Nigeria, after the city was shaken by a series of bomb explosions Friday night 20 January. The bombs were planted in security areas such as police stations. Boko Haram, an Islamist extremist group that [...]
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