Scandal Archives — City Business News

October 7, 2021 No Responses

NPA Boss In Offshore Property Scandal

The Acting Managing Director of Nigerian Ports Authority (NPA), Mohammed Bello-Koko, allegedly owns properties in the United Kingdom which he acquired by secretly running offshore businesses. The revelation is contained in the Pandora Papers project led by the International Consortium of...

October 10, 2017 No Responses

Porsche seeks $235m damages from Audi over diesel scandal

There’s trouble in Volkswagen paradise as Porsche begins litigation against its sister-brand Audi, alleging that the auto manufacturer’s role in the Dieselgate scandal has cost the luxury automaker upwards of $234 million, Reutersreports. In 2015, ...

September 21, 2017 No Responses

KPMG losses more contracts over financial scandal

KPMG South Africa’s reputation is in tatters as another two major clients ditched the auditing firm over financial scandal. Already, financial services company Sasfin and investment company Hulisani announced plans to drop KPMG because of reputational ...