South Africa: Special Investigating Unit Welcomes Imprisonment of Former City of Ekurhuleni Officials and Businessman for Fraud, Corruption and Money Laundering

South Africa: Special Investigating Unit Welcomes Imprisonment of Former City of Ekurhuleni Officials and Businessman for Fraud, Corruption and Money Laundering

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Two former Ekurhuleni officials, businessman jailed for tender fraud, money laundering and corruption The Special Investigating Unit (SIU) welcomes the imprisonment of two former City of Ekurhuleni officials and businessman for tender fraud, corruption and money laundering in connection with R21.8 million. Today, the Pretoria Commercial Crimes Court sentenced Businessman Velero David to 10 years…

South Korea Investigating Suspected Samsung Chip Tech Thief

South Korea Investigating Suspected Samsung Chip Tech Thief

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A Samsung employee is at the center of an investigation by South Korea’s National Intelligence Service (NIS), the nation’s chief intelligence agency. Business Korea reports that the employee was detected trying to leak confidential documents relating to Samsung foundry technology. The NIS launched an investigation to uncover the facts about the purported “technology leak attempt”…

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UK Regulators Investigating AMD-Xilinx Transaction

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The UK Secretary of State for Digital, Culture, Media and Sport on Monday began to probe AMD’s proposal to acquire Xilinx for $35 billion. The CMA launched an inquiry inviting interested parties to notify it if the potential transaction can negatively impact UK’s consumers or businesses. The deadline for the first phase of the investigation is July 6,…