South Korean Businessman Receives 5 Years in Prison for Role in $206 Million Contract Fraud Scheme

A South Korean businessman has been sentenced in U.S. District Court for the Northern District of Texas to five years in prison for his role in a bribery conspiracy involving a $206 million telecommunications contract and employees of the Army and Air...

Kidnappers Demand $3.5m Ransom to Return Nigerian Billionaire Chief Godwin Okeke

Even though Nigeria’s  military and other security agencies have increased their efforts to stem kidnapping in south-east Nigeria, kidnapping seem not to be abating, with the kidnapping on Sunday in Onitsha, Anambara State of a Nigerian billionaire,...

Two Men Plead Guilty in the U.K. to Sale of Ex-military Vehicles to Sudan

A businessman and his former employee have pleaded guilty at Southwark Crown Court, to the unlawful sale of ex-military vehicles to Sudan, following a successful prosecution by Revenue and Customs Prosecutions Office (RCPO). Andrew Jackson, the owner...

Four People Killed in Plane Crash on the Outskirts of Casablanca, Morocco

Four people, including three European nationals died when a small aircraft crashed on Monday on the outskirts of the Moroccan city of Casablanca, an official source has disclosed to APA. The pilot, a Portuguese national reportedly lost control of the...

Equatorial Guinea to Pay Commercial Bank 50 Billion CFA Francs Compensation

The Community Court of Justice and Arbitration of the Organization for the Harmonization of Business Law in Africa (OHBLA) has ordered the government of Equatorial Guinea to pay more than 50 billion francs to the Commercial Bank of Equatorial Guinea (CBGE). After...

South African Firm Buys Uganda Telecoms Outlet

South African mobile telecommunications company, Celcom Group, announced on Tuesday its acquisition of 50.5 percent interest in Nile Com which operates seven MTN branded retail outlets and controls 1,200 dealers who sell mobile telecoms products.

Amisha Patel Breaks Off with Vikram Bhatt

Another relationship goes kaput in Bollywood. Vikram Bhatt and Amisha Patel are no longer seeing each other and Ameesha has moved out of Bhatt’s apartment. The duo is still in touch with each other. Says a source, “They were trying to work...

Georgian Tycoon Tells of Plot to Kill Him

A Georgian tycoon living in Britain fears that he may be targeted in an assassination plot being prepared in Georgia, a British newspaper said on Sunday.