NEW: OCCRP is part of the #FinCENFiles, an investigation led by @ICIJorg and based on a leak obtained by @BuzzFeedNews that exposes how illicit money flows have fueled criminality worldwide.
OCCRP’s initial investigations focus on Reza Zarrab, a Turkish money launderer who was arrested by the US for aiding in sanctions evasion.
In this story, we detail how Zarrab and his family used gold-for-cash schemes to funnel billions into Iran. 2/ occrp.org/en/the-fincen-…
The exact amount Zarrab made from money laundering may never be known, but much of his loot went towards big yachts and personal submarines.
In this story, reporters used social media posts and gov't records to chronicle his extravagant lifestyle. 3/ occrp.org/en/the-fincen-…
Zarrab is most known for money laundering for Iran. Little attention has been given to his shell companies that moved money into Russia.
This story shows how Zarrab exploited lax rules in Dubai and other hubs of financial crime for such purposes. 4/ occrp.org/en/the-fincen-…
OCCRP will continue to release more investigations from the #FinCENFiles.
Until then, follow this page for rolling coverage of smaller but notable banking irregularities — including one involving Paul Manafort — we found in the leaked documents. 5/ occrp.org/en/the-fincen-…
The #FinCENFiles is based on leaked documents obtained by @BuzzFeedNews. To learn more about this project — which involved 400+ journalists — read this overview from @ICIJorg, the group that led this massive effort. 6/ occrp.org/en/the-fincen-…
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NEW: Fiji-based entrepreneur Zhao Fugang's promotion of China’s interests on the Pacific island isn’t any secret — he runs an official “service center” for Chinese citizens inside a hotel he owns — but Australian authorities say he is hiding something:
Australian intel + police agencies say Zhao is more than a businessman or political operative.
They suspect he is a senior organized crime figure — and are pushing Fiji to move against him.
Fugang, who denies wrongdoing, has not been charged w/a crime.
Australia’s top criminal intelligence body took the extraordinary step of adding Zhao to its secret registry of top-priority targets in mid-2023, OCCRP & reporting partners @smh @theage @60Mins learned.
Zhao is the first political operative known to have been added to the list.
“Is this a prank?”
“What donation?”
“I work in a school, I barely survive.”
After journalists at our partner @CivilNetTV found unusual patterns in donation data reported by Armenia’s ruling party, they started calling listed donors to find the truth ⬇️ occrp.org/en/investigati…
Half of the 31 donors reached for comment denied making contributions.
Others refused to answer or said they couldn’t remember if they gave or not.
Curiously, nearly all of the party’s donors that year were its own local council candidates.
And many of the listed contributions would have exceeded the donors' declared income and savings.
Last year, we investigated a powerful Bangladeshi politician, who once drove a cab in New York, and found that he owned properties in Queens worth $4M despite earning an official salary of $1,000 a month.
NEW: Software giant SAP agreed to pay at least $220 million to settle bribery charges filed by the U.S. SEC after its investigations w/the Dept. of Justice.
SAP allegedly used third-party intermediaries to bribe government officials in 7 countries.
The SEC said that an employee of SAP Azerbaijan, a subsidiary, gave gifts worth around $3,000 to employees at state-owned oil giant SOCAR to help ensure SAP was awarded a $1.6 million contract.
The same employee also submitted fake documentation indicating the deal with SOCAR closed in Feb. 2022.
In reality, the deal closed on May 12, 2022.
The employee could therefore collect a commission on the deal before being promoted to Managing Director.
Authorities in Kyrgyzstan continue their chilling campaign against independent journalists.
11 reporters from OCCRP partner TemirovLive remain in a 48-hour pre-trial detention today.
Their homes & offices were all searched Tuesday.
An update on the deleterious situation: 👇
The @UNHumanRights Office of the High Commissioner expressed concern late Tuesday, noting that authorities in Kyrgyzstan searched the premises of several independent media outlets this week and detained at least 14 journalists.
@HRW leads multiple rights groups calling for Kyrgyz authorities to drop criminal cases of “war propaganda” & “calls to mass disorder” initiated against journalists from:
➡️@_24_kg
➡️@TemirovLive
➡️Ayt Ayt Dese
➡️Alga Media
➡️ Archa Media
➡️ @politklinika hrw.org/news/2024/01/1…
‼️ Kyrgyz police have detained multiple current and former journalists from @TemirovLive, an OCCRP partner. They have also searched their apartments. The authorities speak of incitement to riots — an absurd claim. occrp.org/en/daily/18365…
Bolot Temirov and his colleagues have collaborated with OCCRP on several investigations. Some of the arrested journalists are currently working on more stories with us. They are independent professionals who serve the Kyrgyz public.
Temirov has been persecuted so consistently that we've done two full investigations on how the security services have gone after him. In one shocking case, agents spread illicitly obtained material about an employee in a form of blackmail. occrp.org/en/investigati…