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On Transparency International's 2024 Corruption Perceptions Index, Zimbabwe scored 21 on a scale from 0 ("highly corrupt") to 100 ("very clean"). When ranked by score, Zimbabwe ranked 158th among the 180 countries in the Index, where the country ranked first is perceived to have the most honest public sector. [ 4 ]
Financial institution that went bust following the Keating Five scandal. Polly Peck: United Kingdom: 30 Oct 1990: Electronics, food, textiles: After a raid by the UK Serious Fraud Office in September 1990, the share price collapsed. The CEO Asil Nadir was convicted of stealing the company's money. Bank of Credit & Commerce International: United ...
Zimbabwe Women Microfinance Bank, state-owned; Infrastructure Development Bank of Zimbabwe (IDBZ), state-owned; Small and Medium Enterprises Development Corporation (SMEDCO), state-owned; AFC Land & Development Bank of Zimbabwe Ltd, state-owned
Bank fraud is the use of potentially illegal means to obtain money, assets, or other property owned or held by a financial institution, or to obtain money from depositors by fraudulently posing as a bank or other financial institution. [1] In many instances, bank fraud is a criminal offence.
Financial crisis of 2007–2008, including: Subprime mortgage crisis in the U.S. starting in 2007; 2008 United Kingdom bank rescue package; 2009 United Kingdom bank rescue package; 2008–2009 Belgian financial crisis; 2008–2011 Icelandic financial crisis; Great Recession in Russia; 2008–2009 Ukrainian financial crisis; 2008–2014 Spanish ...
Also, Morgenthau cited BCCI's secret ownership of First American, which operated a subsidiary in New York City. Morgenthau said that all of BCCI's deposits had been fraudulently collected because the bank misled depositors about its ownership structure and financial condition. He described BCCI as "the largest bank fraud in world financial ...
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Royal Bank was a small privately owned financial institution and financial services provider in Zimbabwe. As of June 2010, the shareholder's equity in the bank was estimated at US$12.5 million, the minimum capital requirement for a commercial bank in Zimbabwe. [3]