Category: Corruption

Italian authorities seized assets of four oligarchsT
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March 5, 2022

The Oligarch Hunting – Italian authorities seize more superyachts and assets!

The Guardian reports that Italian law enforcement has seized villas and yachts worth at least €140m from four Russian oligarchs, placed on an EU sanctions list after Russia invaded Ukraine. They forfeited a villa owned by the billionaire businessman Alisher Usmanov on Sardinia and a villa on Lake Como owned by Vladimir Soloviev. They also seized superyachts belonging to Russia's richest man, Alexei Mordashov and Gennady Timchenko. The hunting season against the Russian kleptocrats continues.
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Ukraine and Russian cleptocrates destroy their nationsS
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March 5, 2022

Stop the war now, Kleptocrates! How corruption destroys nations!

The Russian invasion in Ukraine is a war. Putin and his Western allies are at odds over how it came about. For Putin, the discussed admission of Ukraine into NATO and the threat it posed to Russia was the reason. The Western allies are currently taking massive action against the Russian oligarchs accused of corruption. They would have made their money only with the help of the Russian kleptocracy. This accusation is undoubtedly true, but one must not forget that Ukraine was a highly corrupt state that Ukrainian politicians and oligarchs looted. With the help of the Western allies!
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December 5, 2020

A watershed moment – Austria’s former finance minister sentenced to 8 years in prison for corruption

Austria's former finance minister Karl-Heinz Grasser along with more than a dozen alleged co-conspirators has been charged with corruption. After seven years of investigation by the public prosecutor's office, a 3-year trial with 168 trial days and 150 witnesses, Grasser was sentenced to 8 years in prison and more than €9 million in restitution payments. There was no witness who directly observed a criminal act. The court believes that the trace of the money provides the respective evidence beyond any reasonable doubt. The judgment is not final. Grasser has appealed.
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