Browsing: Big business fraud

The Competition Commission has welcomed the decision of the Competition Tribunal to confirm as an order a settlement agreement reached with Omnia Fertilizer Limited.  Omnia has agreed to pay a R30 million administrative fine for contravening the Competition Act. It has also agreed to withdraw its review application on this matter, which is currently before the

Ekurhuleni mayor Mzwandile Masina has come out in full support of the investigation by the Special Investigating Unit (SIU) into the affairs of the city’s Transport Department.  The Presidency issued a statement announcing that President Ramaphosa has authorised the investigation of suspected wrongdoing by public servants and persons or entities in the private sector in the

President Cyril Ramaphosa has authorised the Special Investigating Unit (SIU) to investigate suspected wrongdoing by public servants and persons or entities in the private sector in the awarding of tenders or contracts by the Ethekhwini metropolitan municipality. The latest proclamations signed by President Ramaphosa complement a number of investigations called for by the President since

It is the latest settlement related to mortgage fraud in the USA Justice’s Department crackdown against major banks. The Department has accused the banks of misleading customers by originating and selling tens of thousands of mortgages they knew were false. This, the Justice Department says led to the 2008 financial crisis Big business scheming and