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Deutsche Bank will look to avoid U.S. charges of bribery and manipulation of precious metals markets by making a payment totaling nearly $125 million. Almost the entire payout relates to charges against the German lender over its dealings in Saudi Arabia, Abu…
China’s supreme court has thrown out the fraud conviction of a retail tycoon in an unusual gesture of official leniency toward entrepreneurs amid a string of high-profile detentions and prosecutions that has rattled the Chinese business world. The Supreme…
Lotte Group, parent of the country’s leading travel retailer Lotte Duty Free, is reeling from the shock jailing of its Chairman Shin Dong-bin on 13 February 2018. Following a Seoul Court’s guilty verdict and simultaneous sentencing of 2 1/2 years in jail to…
South Korean prosecutors carried out further raids on businesses of the Lotte Group, a sprawling conglomerate at the centre of a bribery probe. At least 10 divisions were raided including its chemical and confectionery businesses, a spokesman said. The raids…
Shares in property developer PT Agung Podomoro Land Tbk plunged 10 percent on Monday, after Indonesia’s anti-graft agency launched an investigation that raised concerns that a multi-billion-dollar project could be delayed. Ariesman Widjaja, the firm’s chief…
