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Mafia Expert Roberto Saviano Denounces London As “The Most Corrupt Place On Earth”

Roberto Saviano, the mafia expert, has described London as the most corrupt place on the planet. The investigative journalist made his name by exposing the practices of the infamous Camorra clan centered in the Italian city of Naples.

Saviano has now gone on to describe the British capital as the center of an international network of bribery and crime.

“If I asked what is the most corrupt place on Earth, you might say it’s Afghanistan, maybe Greece, Nigeria, the south of Italy” He said. “I would say it is the UK. It’s not UK bureaucracy, police, or politics, but what is corrupt is the financial capital. Ninety per cent of the owners of capital in London have their headquarters offshore.”

This echoes observations made last week that major Western cities, such as London, New York and Miami harbor illicit funds and launder money through their lucrative property markets. It also directly challenges the David Cameron’s assertions that Afghanistan and Nigeria are “fantastically corrupt” and “possibly the most corrupt countries in the world”.

Saviano is challenging the accepted perspective of corruption in the West. For most governments and indeed members of the public, corruption is a problem of poor countries. Specifically, those that are far away and home to a largely alien culture. Our own frankly superior values would not hold credence to petty bribery schemes or misuse of public funds.

This mythical view is quickly exploded when one sees the eye-watering sums of money that are facilitated by the Western professional classes and businesses in relations with overseas despots and other unsavory characters.

Senior bankers have described London as the “most developed tax haven” available. Its new major has warned the city may grow into the global money-laundering capital. According to Transparency International, 33,000 London homes are owned by overseas shell companies in jurisdictions that are not legally obliged to declare the owner’s name.

This blind eye to dirty money can escalate to more serious crimes. Saviano recognizes this characterization. “In my lifetime, more than 4,000 people have been killed in Naples and the surrounding area by the Camorra.”

After exposing mafia crimes, the 10 years of his life has been accompanied by five body-guards in caravan of two armored cars. He has now turned his attention onto London.

For Saviano, The UK capital is the involved in almost every international crime going. In respect of drugs, “Mexico is its heart and London is its head”.  He claims that the city facilitates international organized crime and is home to the Russian mafia.

London, or, by extension, the West, is not immune to crime or corruption. In many cases, its sophisticated legal and financial systems facilitate it. Given the sums of money involved, where else can we find more corruption?

Sourced From – http://www.forbes.com/sites/jwebb/2016/05/30/mafia-expert-robert-saviano-denounces-london-as-the-the-most-corrupt-place-on-earth/#266f6567111a

Amber Heard Files for Divorce From Johnny Depp

Actress Amber Heard filed for divorce from Johnny Depp, citing irreconcilable differences after 15 months of marriage.

She is seeking spousal support from the Oscar-nominated actor.

Heard listed their date of separation as Sunday in a filing in Los Angeles Superior Court. They have no children together.

Depp and Heard met while co-starring in the 2011 film “The Rum Diary.” Depp’s latest film, “Alice Through the Looking Glass,” is due to be released on Friday.

The pair made global headlines last year when they ran into legal trouble for bringing their Yorkshire terriers, Pistol and Boo, into Australia as Depp was filming the latest “Pirates of the Caribbean” movie.

Heard was charged with two counts of illegally importing the pets and one count of producing a false document last July. A magistrate judge in April filed no conviction for Heard but issued a formal order to stay out of trouble for a month or face a $767 fine.

The breach in border security sparked what was gleefully dubbed the “war on terrier,” and culminated in the pair recording a deadpan apology that was likened to a hostage video. Throughout the saga Depp engaged in a war of words with Australian Deputy Prime Minister Barnaby Joyce, who’d threatened to kill the dogs.

Earlier this week, Joyce boasted that he had gotten inside Depp’s head like fictional serial killer Hannibal Lecter after the actor quipped that the ruddy-faced lawmaker appeared to be “inbred with a tomato” during an interview on “Jimmy Kimmel Live!”

Depp has one previous marriage and was in a long relationship with French actress and model Vanessa Paradis before he began dating Heard. Depp and Paradis are the parents of two teenage children.

The divorce was first reported Wednesday by celebrity website TMZ.

Sourced From – http://www.nbcnews.com/pop-culture/celebrity/amber-heard-files-divorce-johnny-depp-n580661

Google faces record three billion euro EU antitrust fine: Telegraph

Google (GOOGL.O) faces a record antitrust fine of around 3 billion euros ($3.4 billion) from the European Commission in the coming weeks, British newspaper The Sunday Telegraph said.

The European Union has accused Google of promoting its shopping service in Internet searches at the expense of rival services in a case that has dragged on since late 2010.

Several people familiar with the matter told Reuters last month they believed that after three failed attempts at a compromise in the past six years Google now had no plans to try to settle the allegations unless the EU watchdog changed its stance.

The Telegraph cited sources close to the situation as saying officials planned to announce the fine as early as next month, but that the bill had not yet been finalised.

Google will also be banned from continuing to manipulate search results to favour itself and harm rivals, the newspaper said.

The Commission can fine firms up to 10 percent of their annual sales, which in Google’s case would be a maximum possible sanction of more than 6 billion euros. The biggest antitrust fine to date was a 1.1 billion-euro fine imposed on chip-maker Intel (INTC.O) in 2009.

The Commission and Google both declined to comment.

($1 = 0.8841 euros)

Full Article – http://www.reuters.com/article/us-google-eu-idUSKCN0Y60J4

Here are all the notable people we’ve found in the Panama Papers so far

The International Consortium of Investigative Journalists (ICIJ) published a huge database on Monday detailing how some of the world’s wealthiest and most powerful people legally hide their cash — dubbed the “Panama Papers.”

The database consists of more than 200,000 companies, trusts, foundations, and funds incorporated in 21 countries and countless names of the wealthy people who shelter their cash there.

The findings of the so-called Panama Papers investigation were first unveiled at the beginning of April.

Over 11 million documents held by the Panama-based law firm Mossack Fonseca had been leaked to the German newspaper Süddeutsche Zeitung. The paper shared the information with the ICIJ, which is made up of 107 media organizations in 78 countries.

The global news outlets examined 28,000 pages of documents, also revealing the full scale of the tax breaks won by 340 companies. The ICIJ published this statement on its website along with the documents:

There are legitimate uses for offshore companies and trusts. We do not intend to suggest or imply that any persons, companies or other entities included in the ICIJ Offshore Leaks Database have broken the law or otherwise acted improperly.

Business Insider scanned the database, which includes data both from the Panama Papers and a 2013 report called “Offshore Leaks,” for newsworthy or prominent people or organizations in the worlds of finance, politics, technology, and others.

We have taken a spider map for the individual’s holdings as an example. Each green dot represents an offshore entity with associations to the individual:

This post is being updated as new information is available.

  • Janie and Victor Tsao, the Taiwanese founders of data-networking company Linksys, had multiple entries in the Panama Papers for a joint trust and individually.

  • Raj Rajaratnam, the billionaire founder of hedge fund Galleon Group, was found in the database. Rajaratnam was sentenced to an 11-year prison sentence in 2011 on nine counts of securities fraud and five counts of conspiracy.

  • The Trustees of Columbia University appear in the database, linked to a corporation in the Cayman Islands. The university has an endowment of over $9.5 billion.

  • New York University School of Medicine appears in the database as the “master client” of several offshore entities.

  • Tiger Global, a New York-based hedge fund, is named in the database.

  • Charles Xue, a Chinese-American investor and social-media commentator, was named in the database. Xue was arrested in 2013 in China on suspicion of soliciting prostitutes in a case many saw as retaliation for his outspoken persona online.

  • Christian Gunnar Sachs, son of photographer and art collector Gunter Sachs, was revealed in the initial Panama Papers leaks to have set up offshore trusts.

  • Neil Gaitely is listed as the owner of Tamalaris Consolidated, which was reported to be a front for an Iranian state-controlled shipping line.

  • Eugene Kashper, entrepreneur and CEO of Pabst Brewing Co., was found in the database.

  • Sanjay Sethi, the owner of San Vision Technologies was found in the database. Sethi plead guilty to conspiring to defraud the US by hiding nearly $5 million from the IRS in 2013.

  • Leonard Gotshalk, former NFL player for the Atlanta Falcons who was later indicted on charges of tech-company stock manipulation.

Will be updated and sourced from – http://www.businessinsider.com/notable-people-named-in-panama-papers-2016-5

China’s Google is being told to stop ranking results based on the fees it charges

China’s internet regulator has ordered the country’s biggest search engine to change how it handles medical advertisements and stop ranking results largely by the fees it charges, as the government wrapped up an investigation prompted by the death of a student with cancer.

Baidu said it would make the necessary changes and establish a billion-yuan fund to compensate consumers who suffered from misleading adverts hosted on its site.

The paramilitary force’s ­hospital in Beijing, where the ­student received treatment, was found to have violated regulations on outsourcing some ­specialist departments, and to have made false claims in medical ­advertisements.

The inquiry came after a public outcry over the death of Wei Zexi, 21, who sought cancer treatment at the No 2 Beijing Armed Police Hospital, which topped his Baidu search. Wei and his family paid 200,000 yuan (HK$240,000) for the treatment but it did not save him. Doctors say the immunotherapy treatment he received is still in the experimental stage.

Health authorities, officials from the Cyberspace Administration of China (CAC) and the State Administration for Industry and Commerce launched the joint investigation into the search engine and the hospital last week.

The CAC found Baidu’s business model – which allows advertisers who pay a fee to be featured more prominently in search ­results – had affected Wei’s choice of treatment.

Baidu must go through all medical advertisements shown in its search results and remove those by medical institutions that had not been qualified by regulators, the CAC said.

The company must change its search result model, as the listings returned were determined by fees the companies paid, the authorities said.

It also required Baidu to provide distinctive labeling for sponsored search results, which should account for no more than 30 per cent of results displayed on a page.

Additionally, the company would need to establish a mechanism through which people who suffered losses from misleading adverts found on the site could claim compensation, it said.

The company said it would alter its search engine operations and advertisement rankings as suggested, and set up the compensation fund.

The national health commission and the military’s health bureaus ordered the hospital to terminate its partnership with the private Shanghai Claison Bio-tech, which provided the experimental cancer treatment.

The hospital should clean up similar outsourcing deals with other private contractors. The hospital and its private contractors must immediately stop advertising.

Read Full Article – http://www.businessinsider.com/chinas-google-is-being-ordered-to-change-its-results-ranking-2016-5