Anticorruption investigation on Romania’s Brasov mayor

Anticorruption investigation on Romania’s Brasov mayor

Anticorruption prosecutors in Romania started an investigation on mayor of Brasov since 2004, George S. Police raided his house and office at the Brasov City Hall on Monday, June 2 ...

Poland completely unprepared for cyber attacks

Poland completely unprepared for cyber attacks

Despite the increasing threat of cyber-crime in Poland, almost no defense mechanisms have been put in place in Polish public institutions. ...

Slovak Government continues to battle tax evasion

Slovak Government continues to battle tax evasion

The current Slovak government, headed by Prime Minister Robert Fico, is preparing 30 additional measures to combat tax avoidance and tax evasion in Slovakia. ...

Bashneft ex-CEO charge in absentia comes into force

Bashneft ex-CEO charge in absentia comes into force

The Moscow City Court has upheld the decision to charge in absentia of Ural R., the former CEO of the Russian oil company Bashneft. ...

Russian Trust Bank ex-CFO detained, accused of embezzlement; top managers suspected

Russian Trust Bank ex-CFO detained, accused of embezzlement; top managers suspected

The chief financial officer of the Russian national bank, Trust, was arrested on suspicion of embezzlement of RUB 7 bln and USD 118.3 mln. ...

Former Promopro executives and six subcontractors found guilty of fraud and money laundering in Czech EU presidency case

Former Promopro executives and six subcontractors found guilty of fraud and money laundering in Czech EU presidency case

A Prague court found two former Promopro executives, Jaroslav V. and Vlastimil M., and six additional representatives of subcontractor companies guilty of fraud and money launderin ...

Why you can’t bank on EBITDA

Why you can’t bank on EBITDA

There can be strong disapprovals noted such as “except for” and “subject to.” Auditors do not like to write such statements as their (paying) clients do not like them to do so. But ...

Why you can’t bank on EBITDA

There can be strong disapprovals noted such as “except for” and “subject to.” Auditors do not like to write such statements as their (paying) clients do not like them to do so. But a less provocative statement (and therefore warranting very careful consideration by the reader) is often spun as an auditor “drawing attention” to something. This is the professional equivalent of: “Look out behind you!” ...

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Romanian National Anti-Corruption Directorate seizes EUR 670 mln in assets from Bucharest District 1 mayor in a corruption case

Romanian National Anti-Corruption Directorate (DNA) seized EUR 670 mln in assets from Bucharest District 1 Mayor Andrei C. and three other individuals, including the former National Liberal Party’s treasurer, Vlad M., in a corruption case linked to the alleged rigging of public tenders. ...

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Ukrainian Cabinet’s drastic approach: Customs Service to be managed by foreign company

The management of the Ukrainian Customs Service may soon be outsourced to a foreign company, according to Minister of Economic Development and Trade of Ukraine Aivaras Abromavicius, quoted by the Ukrainian business information network, BIN.ua, June 23. “We are considering outsourcing the management of the Ukrainian Customs Service to a foreign company,” Abromavicius said. “This drastic measure is being disc ...

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Former member of Slovak cabinet Martin Novotny and former Slovak ambassador to Kenya Igor Liska get prison sentences for corruption

The Slovak Supreme Court sentenced Martin Novotny, a former advisor to ex-prime minister Iveta Radicova, and Igor Liska, a former Slovak ambassador to Kenya, to prison sentences of 18 and 15 months, respectively, for accepting a bribe for the completion of a biathlon course in Osrblie village. ...

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Game of Drones

Drones will eventually be a disruptive force in the risk consulting sector. While undoubtedly posing potential security and privacy threats to clients, and indeed to society at large, drones also provide significant new opportunities for actionable intelligence which will create blue ocean demand in risk consulting and corporate investigations. ...

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