Financial crimes

Police in Athens have apprehended one of Europe's most wanted fugitives, a man wanted in Luxembourg for a host of financial offences.

The 57 year old, who featured on Europol's Europe's Most Wanted Fugitives website, was arrested on Monday.

A Twenty suspects have so far been arrested in a large-scale ongoing operation across Greece on Tuesday to dismantle a criminal network involved in electronic fraud.

An Indian businessman who is one of the world's richest people has been indicted in the U.S. on charges he duped investors in a massive solar energy project in his home country by concealing that it was being facilitated by an alleged bribery scheme.

A 350-page report from the anti-money laundering authority is now in the hands of the District Attorney in Thessaloniki. It concerns a “carousel” type fraud case involving a businessman from Northern Greece and a high-ranking bank executive with a background in politics.

Greek police have dismantled a criminal organization involved in a sophisticated "carousel fraud" scheme, which involved setting up fake companies to carry out fraudulent transactions and expenses totaling tens of millions of euros.

A year after the start of the hearing in the trial of the high-profile financial scandal of Folli Follie, the Third Criminal Court of Appeal, which has been hearing the case since last June, today announced its decision on the guilt of the defendants.

Police have apprehended 32 individuals allegedly involved in a sophisticated fraud network in the southern province of Mersin.

The operation, conducted under the coordination of the chief public prosecutor's office in the city, unveiled a web of deceit that spanned various fraudulent schemes, resulting in a collective profit of 180 million Turkish Liras ($5.6 million).

Dimitris Koutsolioutsos, founder of jewelry company Folli-Follie, began his defense in an Athens court Friday by highlighting his company's successes.

Federation entity Prime Minister fadil Novalic and other others are accused of conspiring to "abuse office, accept rewards for trading influence, money laundering and document fraud" in connection with the purchase of overpriced ventilators from Chine.

Venezuela’s economy shrank a massive 16.5 percent in 2016, according to an official government filing to the U.S. Securities and Exchange Commission (SEC).