Tag: asset recovery
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NAB Reclaims Rs6.21 Trillion in 2025: TI Delegation Strengthens Anti-Corruption Push
Pakistan’s NAB Announces Record Rs6.21 Trillion Recovery in 2025 The National Accountability Bureau (NAB) of Pakistan has reported a landmark achievement for the year 2025, announcing a recovery of Rs6.21 trillion linked to corruption cases, investigations, and recoveries across multiple sectors. This milestone underscores an intensified anti-corruption drive and signals the country’s commitment to cleaning…
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NAB Reco vers Rs6.21 Trillion in 2025: TI Delegation Highlights Pakistan’s Anti-Corruption Drive
Overview: NAB’s 2025 Recovery Milestone The National Accountability Bureau (NAB) of Pakistan announced a landmark achievement for the year 2025: a total recovery of Rs 6.21 trillion. This figure, described by NAB as a culmination of intensified investigations, asset tracing, and court-backed proceedings, signals a significant shift in the country’s fight against corruption. The announcement…
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NAB Reclaims Rs6.21 Trillion in 2025: A Milestone in Pakistan’s Anti-Craud Drive
Overview: A Record Recovery in 2025 Pakistan’s National Accountability Bureau (NAB) announced a landmark achievement for the year 2025: the recovery of Rs6.21 trillion through investigations, settlements, and successful prosecutions. This record‑setting figure underscores the bureau’s intensified efforts to curb corruption, improve governance, and bolster investor confidence. The announcement came as NAB hosted a high‑level…
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Fugitive Fishrot lawyer fights pension seizure in Namibia
Overview A high-profile legal battle is unfolding in Namibia as fugitive lawyer Marén de Klerk seeks to block the Namibian Police’s inspector general and the prosecutor general from seizing his retirement annuity worth about N$1.3 million. The case centers on a contested financial asset tied to ongoing investigations and prosecutions linked to the broader Fishrot…
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Fugitive Fishrot Lawyer Challenges Pension Seizure in Namibia
Overview of the Case A high-profile legal battle is unfolding in Namibia as fugitive Fishrot lawyer Marén de Klerk challenges the seizure of his retirement annuity, valued at approximately N$1.3 million. The case, which pits the former defense attorney against state institutions, centers on whether police and prosecutors can lawfully attach the pension fund as…
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Sandiganbayan Clears Ernest Escaler in Civil Forfeiture Case: Final Dismissal Executory
Overview: Final Dismissal of Civil Forfeiture Case The Sandiganbayan, the Philippines’ anti-graft court, has issued a final and executory ruling dismissing the civil forfeiture case against businessman Ernest De Leon Escaler. Escaler stood as a co-respondent alongside former justice secretary Hernando “Nani” Perez in the long-running proceedings. The court’s decision, announced recently, marks the resolution…
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Deported Suspect in $100M Jewelry Heist Sidesteps Trial — What It Means for the Case
Overview: A Case That Shook the Global Jewelry World The sprawling investigation into what authorities say is the United States’ largest jewelry heist has taken a dramatic turn. A key defendant, previously expected to stand trial, has been deported, effectively sidestepping the courtroom drama that experts say could unfold across federal, state, and international lines.…
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Accounting Firm Projects $12M Bill Overseeing Greg Martel Ponzi Bankruptcy
Overview: A Large-Scale Bankruptcy Administration As the fallout from the Greg Martel Ponzi scheme continues to ripple through the wallets of more than 1,700 investors, new court filings reveal an eye-popping figure attached to the administration of Martel’s bankruptcy. An accounting firm appointed to manage the proceedings estimates a total bill of around $12 million…
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Accounting Firm Oversees Greg Martel Ponzi Bankruptcy Estimates $12M Bill for Services
Growing Costs in the Greg Martel Ponzi Case The fallout from the Greg Martel Ponzi scheme continues to affect more than 1,700 victims in Victoria, British Columbia, as new disclosures reveal a substantial potential bill for the accounting firm tasked with overseeing Martel’s bankruptcy. The administrator estimates a $12 million charge for services rendered as…
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Malaysia Targets US$7 Billion in 1MDB Asset Recovery From Global Firms
Overview: A renewed push to recover assets tied to 1MDB The Malaysian government has intensified its fight to recover funds linked to the sprawling 1MDB scandal, with officials signaling a targeted recovery of about US$7 billion. The focus has shifted toward international financial institutions and law firms believed to have facilitated or concealed flows connected…