South Africa: Probe finds $17m hole in COVID funds

Investigation revealed ‘flagrant and wanton disregard’ of the law and ‘insatiable pursuit of self-enrichment’. South African special investigators said that around $17m in coronavirus funds was siphoned off last year through corruption, fraud and inflated prices for protective gear supplied to government hospitals and departments. Last year, President Cyril Ramaphosa ordered a probe following revelations […]

Guaido: Maduro refuses to access US-held funds to buy vaccines

‘The [problem] is not the funds, that’s the dictatorship’s propaganda to try to excuse itself and point fingers and confuse the whole world,’ Juan Guaido told a press conference on Wednesday. Venezuelan opposition leader Juan Guaido said on Wednesday that Venezuelan funds controlled by the United States Treasury Department could be used to pay for […]

Hedge funds emerge mostly unscathed from Reddit trader drama

In a blow to the Reddit crowd taking on the Wall Street elite, the broader hedge fund industry lives to fight another day for now following a week of stock drama. Even after the worst-ever short squeeze forced professional speculators to deleverage by the most in more than a decade, the smart money is staying […]

Iran, South Korea discuss frozen funds as vessel remains seized

Iranian officials tell South Korean delegation Seoul must give Tehran access to its frozen money, refrain from ‘politicising’ seizure of the vessel. Tehran, Iran – Iran’s foreign minister has told a visiting South Korean delegation the “technical” issue of a ship seized by Iranian forces will be handled by his country’s courts, as he called […]

Wealthy US hospitals tap into COVID relief funds to cover costs

After collecting billions of dollars in the United States coronavirus aid, many of the nation’s wealthiest nonprofit hospitals are now tapping into disaster relief funds that critics say they don’t need. The money from the Federal Emergency Management Agency (FEMA) is going to some large health systems that have billions of dollars in cash reserves […]

Iran says US approved its funds transfer to buy COVID vaccines

Iran’s central bank says it received backing from the US to transfer money to a Swiss account to pay for the vaccines. Iran has secured an approval from the United States to transfer funds for coronavirus vaccines from overseas, the central bank chief has said, as its daily death toll fell to a three-month low. […]

Israel releases over $1bn of withheld tax funds to Palestinians

Transfer of the money comes weeks after coordination was renewed between the two sides. Israel has released more than $1bn in tax money withheld from the Palestinian Authority, a Palestinian minister said, weeks after coordination was renewed between the two sides. “The #Israeli government transfers all financial dues of the clearance to the account of […]

‘Himalayan lie’: India raids over Kashmir ‘terror funds’ slammed #duzline #duzlinenews #follow4follow

Activists and rights groups have condemned Indian agency’s raids on non-governmental organisations, activists and journalists in Indian-administered Kashmir, national capital New Delhi and the southern city of Bengaluru over alleged “terror funding” in the disputed region. The National Investigation Agency (NIA) conducted a series of raids in those places on Wednesday and Thursday, accusing several “non-profit […]

In about-face, Trump approves California fire relief funds #duzline #duzlinenews #follow4follow

Trump reversed his administration’s previous denial of relief aid to California, which has been badly damaged by devastating wildfires. United States President Donald Trump approved California’s request for additional wildfire recovery relief, reversing his administration’s earlier denial after intervention from the state’s governor and a key Republican lawmaker. In an email, White House spokesman Judd […]