Much of Paul Manafort’s work for controversial overseas clients had a common theme: Oleg Deripaska’s backing. Despite the limelight, Manafort appears to still be putting together “major real estate deals with a motley crew from across the globe,” with the help of a talented fixer. (WSJ, Real Deal)
Ukraine’s leadership is “getting to be as corrupt, self-dealing, and nakedly authoritarian as the one uprooted by the Maidan protests,” says Sean Keeley, and “Western willingness to launder oligarchs’ money and whitewash their reputations allows the current system to flourish.” (American Interest)
Rather than strengthening Ukraine’s defenses, $1.5 billion in assets confiscated from Yanukovych after Maidan ended up as agrosubsidies for oligarchs, according to the Anti-Corruption Action Center. (Kyiv Post)
Chinese authorities have accused a corruption whistleblower of rape in an attempt to have him extradited from the U.S. American law enforcement is probing Chinese oil giant Sinopec over Nigerian bribery allegations. (AP/WaPo, Reuters)
According to India’s central bank, a controversial attempt to purge “black money” from the economy by removing high-value bank notes has largely failed. (FT)
The Trump administration is ready to block Rosneft from gaining control of important U.S. energy interests in Venezuela. (WSJ)
The rise of “Initial Coin Offerings” (a cross between crowdfunding and IPOs) in China has led to massive fraud. (Bloomberg)
Compiled by Nate Sibley.
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