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: After being sanctioned by the US last year, Georgia’s richest man and honorary chair of its ruling party, Bidzina Ivanishvili, moved his assets home. Experts say the effect is to “transfer the risk from himself and his own wealth to the country of Georgia.” occrp.org/en/scoop/slapp…
Many of Ivanishvili’s assets were transferred on a single day, January 17, including a firm with construction rights on 12,000 square meters of land within a state-owned national park, @OCCRP, @ifactgeorgia and @georgia_gmc found occrp.org/en/scoop/slapp…
@ifactgeorgia @georgia_gmc Among the transferred assets, reporters found, is a previously-unknown residence in the spa town of Abastumani. It’s got a spa, swimming pool, Turkish bath, rooftop orangery, and basketball court.
NEW: A Cypriot company ultimately owned by Russian billionaire Roman Abramovich set up a fake superyacht rental business in an apparent attempt to dodge millions of euros in tax, leaked emails show.
NEW: The fugitive alleged boss of a Philippine human trafficking and cyberfraud operation purchased Cyprus citizenship and stashed 2 million euros in a real estate firm there, reporters have discovered.
Our scoop with @TheCIReN and @rapplerdotcom 👇
Philippine authorities have charged Huang Zhiyang with human trafficking, sued him for alleged money laundering, and frozen at least five of his bank accounts.
But before he was a suspect, Huang obtained citizenship in Cyprus by investing 2 million euros in a real estate firm.
Philippine officials said they were unaware of Huang’s Cypriot funds until reporters informed them.
Authorities have no immediate plans to pursue the funds.
Less than two months before Bashar al-Assad’s regime fell, Syrian intelligence was busy spying. Its work included targeting journalists and their families.
Exclusive documents shared with our partner @SIRAJ_SYRIA show how Assad’s secret service targeted journalists.
Discovered at General Intelligence Directorate (GID) headquarters after rebel groups took power on Dec. 8, the documents reveal the Assad regime’s paranoia about independent media.
Journalists exposing corruption were framed as spies.
One story that rattled Assad’s GID?
An investigation by SIRAJ and OCCRP that traced the supply chain sending European trucks to Syria despite sanctions, uncovering how loopholes let Volvo, Scania, and Mercedes trucks enter the country.
NEW: In Honiara, Solomon Islands, clean water is a luxury. Where floods bring disease, children bathe in polluted rivers and bottled water costs half a day’s wages.
A $20M @ABD_HQ plant funded in 2019 was supposed to help, but not a single drop of concrete has yet been poured.👇
The Kongulai Water Plant was meant to deliver 15M liters of clean water daily.
But from day one, the project seemed damned: lowball bids, blacklisted contractors, and political interference.
Here’s what went wrong.
Solomon Water, the state utility, expressed concerns to @ABD_HQ about accepting the lowest bid, from an Indian joint venture whose bid numbers didn’t seem to add up.
Sources told OCCRP that @ADB_HQ awarded the contract anyway.