Australian treasury accused of pressuring ex-KPMG partner to omit $10bn gap in report November 8, 2021 A former KPMG partner has claimed he lost his job after being pressured by an Australian public servant to change a document that found a $10bn gap in the Treasury’s finances, according to reports. In a parliamentary hearing today, Brendan Lyon said he received “professional, ongoing attacks,” from public servants and that the Australian treasury [...]
Under-fire Liberty Steel owner Sanjeev Gupta faces French investigation November 8, 2021 French authorities are investigating Sanjeev Gupta’s business dealings, according to The Financial Times. Gupta is the chairman and CEO of GFG Alliance, which specialises in mining, industry and trading. The firm has been struggling with rising energy costs and the collapse of Greensill Capital which funded many of its acquisitions worldwide. The Paris Prosecutor’s Office [...]
Whistleblowing reports of minimum wage violations fall thanks to furlough scheme November 8, 2021 The number of whistleblowers reporting businesses for breaking national minimum wage laws has dropped to its lowest in four years, with the furlough scheme considered a key driver of the change. Whistleblower reports of national minimum wage (NMW) violations fell to 2,488 over the year, down from 2,580 last year, according to law firm Pinsent [...]
Three people injured in knife attack on German train November 6, 2021 Three people were seriously injured in a knife attack on an express train between the south German cities of Regensburg and Nuremberg on Saturday. Police said the attack happened around 0800 GMT in the district of Neumarkt. The train was stationary at Seubersdorf southeast of Regensburg. A 27-year-old Syrian man was arrested by the police [...]
Met Police: Officers to use video calls to verify themselves to lone women October 20, 2021 Plain-clothes police officers stopping lone women will be able to confirm their identity through a video call, says Commissioner Dame Cressida Dick. The commissioner told the police and crime committee at City Hall that she will soon be launching the “Safe Connection” initiative. The initiative will allow plain clothes officers to verify themselves via video [...]
Watchdog blames social media ‘hype’ and competitiveness for younger investors’ bets on crypto October 20, 2021 Three quarters of younger investors in the UK who place their bets on high-risk products, such as cryptocurrencies, say they are driven by “competition” with friends and their own past investments, according to new research from the FCA. Of the 1000 UK younger investors that the FCA surveyed between the ages of 18 and 40 [...]
FCA fines Credit Suisse over £147m for ‘tuna bond’ loan failures in Mozambique October 19, 2021 Credit Suisse has been fined over £147 million by the Financial Conduct Authority (FCA). The investment bank has been punished for serious due diligence failings involving two loans worth over $1.3bn and a bond exchange arranged for the Republic of Mozambique. The fine settles a long-running US probe into Credit Suisse’s role in the Mozambique [...]
Family pays tribute to Sir David Amess MP October 17, 2021 The family of Sir David Amess MP have said their “hearts are shattered” and that they are “enormously proud of him”. Sir David Amess, 69, was stabbed to death on Friday during a constituency surgery at Belfairs Methodist Church in Leigh, Essex. He was married with four daughters and a son. In a statement released [...]
Priti Patel: MPs could get police protection for constituency surgeries October 17, 2021 Home Secretary Priti Patel has said the government is considering giving MPs police protection while they carry out their constituency surgeries, in the wake of the killing of Conservative MP Sir David Amess at his on Friday. Patel said the Commons Speaker Sir Lindsay Hoyle had already taken a “range of measures” since the brutal [...]
PM pays tribute to Sir David Amess MP killed in fatal stabbing October 15, 2021 Prime Minister Boris Johnson has paid tribute to Sir David Amess MP, who was killed today in a fatal stabbing. In a statement, he said “all our hearts are filled with shock and sadness” at the news. The Prime Minister praised Amess’ public service record. He highlighted his efforts to end animal cruelty, reduce fuel [...]