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Friday, 1 April 2016

Brazilian billionaire Joseph Safra charged with corruption - FT.com

Brazilian billionaire Joseph Safra charged with corruption - FT.com:

"Brazilian prosecutors have filed corruption charges against billionaire Joseph Safra, said by Fortune magazine to be the world’s richest banker, and five others for involvement in an alleged scheme to pay off government tax auditors.
The financier, who owns London’s Norman Foster-designed “Gherkin” skyscraper, is alleged to have known of a plan by executives at his banking group in Brazil to pay R$15.3m in bribes to help reduce tax debts today amounting to R$1.8bn."



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Saudi Arabia to Sell Stake in Parent of State Oil Giant by 2018 - Bloomberg

Saudi Arabia to Sell Stake in Parent of State Oil Giant by 2018 - Bloomberg:

"Saudi Arabia plans to sell a stake “of less than 5 percent” in the parent of its state-owned oil company, the kingdom’s deputy crown prince said, revealing details of a listing that could make it the world’s biggest publicly traded firm.
In an interview in Riyadh, Prince Mohammed bin Salman said his advisers were working on a plan to offer shares in all of Saudi Arabian Oil Co. rather than just some of its refining subsidiaries. Saudi Aramco, as the world’s biggest oil exporter is known, would be listed on the domestic stock exchange as early as 2017 and no later than 2018, said the prince, the king’s son and second in line to the throne."



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