Four senior executives have been fired or stood down since auditors Ernst & Young started looking into looked into the abnormalities which were reported to Wesfarmers after Target and Kmart were restructured in March

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  Ten employees colluded with suppliers to boost the retailer's earnings
    Target staff offered suppliers a price rise in exchange for extra rebates  
    The rebates were taken as profit, boosting Target's earnings by 40 per cent

Shell faces corruption probe over $1bn oil deal in Nigeria

Photo: Jerry Lampen/Alamy Royal
Dutch Shell head office in the Hague, Netherlands.

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Italian officials to investigate company's role in acquisition of disputed oil block jointly owned with energy group ENI

Continue after the cut ...

Saudis Signal End of oil dominating the world stage? Saudi Arabia planning for the end of the oil age by creating a $2 TRILLION investment fund which would be big enough to buy Google, Apple and Microsoft

Oil prices are being hit in part owing to the return of Iranian crude to markets after crippling economic sanctions on Tehran were lifted following last year’s nuclear deal between Iran and world powers

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Saudi Arabia annonces a $2 TRILLION mega investment fund
    Mohammed bin salman, Second-in-line to Saudi Arabian throne announced public investment fund
    PIF will be enough to buy Google, Apple and Microsoft with money to spare
    Kingdom hopes to be economy that doesn't depend on oil within 20 years
   Continue after the cut ...

Jay Z 'I was conned into buying TIDAL': Accuses former owners of 'puffing up number of subscribers' after spending $56million buying streaming service

Photo: MediaPunch/REX/Shutterstock
Rapper and businessman Jay Z (seen in May 2015) spent a whopping $56 million when buying a music streaming service in 2015

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  Jay Z accuses former Tidal streaming service owners of 'puffing up number of subscribers' after spending $56million buying the company
Aspiro would go on to be revamped under the name Tidal
    Tidal said that 'the total number of subscribers was actually well below the 540,000 reported to us by the prior owners'

Read story after the cut ...

Global Oil Payola! FBI and Justice Department probe 'world's biggest bribery scandal' as oil firms are accused of paying billions to corrupt officials

Leaked confidential documents show that oil contracts worth billions were awarded on the basis of bribes, many organised by a 'fixer' company known as Unaoil, run by Ata Ahsani (pictured)

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  Trail of the huge globe spanning grand oil 'payola' scandal ....
    News report claims 'fixer' firm Unaoil paid billions in bribes to help multinational companies secure contracts, including in the Middle East
    U.S. firms Halliburton, former subsidy Kellogg, Brown & Root and Texas firm National Oilwell Varco are all implicated
    Leaked documents allegedly prove corruption between 2000 and 2012
    Unaoil has denied corruption, while companies involved have stated their anti-corruption policies and committed to working with investigators 
Continue for the indepth story ...

Cyber theft of Millions Puts Focus on the Philippines ... Head of Bangladesh Central Bank resigns in the wake

Photo:  Bullit Marquez/Associated Press
Officials of the Central Bank of the Philippines appeared on Tuesday before a Philippine Senate panel investigating the theft of more than $80 million of Bangladesh’s money.

Brazen Heist of Millions Puts Focus on the Philippines

Senators in the Philippines said that they were investigating $81 million stolen by hackers from a Federal Reserve Bank of New York account owned by the Bangladesh government

Story after the cut ....

Larry Ellison makes $1billion OVERNIGHT ... overtakes Mark Zuckerberg on the rich list

                                                                

Mark Zuckerberg (left) has dropped one place on the world's rich list after Larry Ellison (right) made $1.3bn overnight after shares in his company rose

Just making money!

    Larry Ellison took the sixth position on the world's super rich list in a day
    The Oracle Corporation's founder is now worth $48.7billion, up $1.3billion
    Pushed Facebook CEO, worth $48.3billion, down to seventh place  

Continue to story ......

Why Mystery Madoff victims would rather leave $2.5 billion unclaimed after ponzi scheme collapsed. Who owns these Hedge Funds

Photo: Reuters
Bernie Madoff's Ponzi scheme collapsed leaving $20billion to be returned to investors, but $2.5billion has not been claimed

Total of $20billion is waiting for investors caught out by Bernie Madoff  ...$17.5billion has been returned or is being claimed - leaving $2.5billion, eight years after!

Affected Funds 'knew or should have known' about Ponzi scheme but ignored lawsuit ...one lost $1.07bn and withdrew $1bn two years before Madoff was arrested

Another lost $147million and never asked for it back, had withdrawn $180million just months before Madoff was busted

One year Jail sentence for Russian atheist. Denied the existence of God during webchat

 Photo: Lawrence Manning/Corbis
'Posecution under controversial 2013 law  introduced after Pussy Riots incident
 Accused of ‘offending the sentiments of Orthodox believers’
 Denied the existence of God during webchat'

Energy CEO, owner of NBA team Oklahoma Thunder drives 'straight into a wall' to avoid facing charges of market rigging

Death of  owner of Oklahoma City thunder to be probed as potential  suicide
Energy coy CEO, McClendon was facing charges of market rigging

Drove 'straight into a wall' two hours before he was due to hand himself in to authorities

Barclays Bank To Sell It's Africa Business

The news that Barclays intends to retreat from Africa after 100 years of doing business there was one of the most eye-catching lines from new Barclays CEO James Staley

Photo: Brendan Smialowski/AFP/ Getty Images
James E. Staley Barclays CEO

The Battle for control of the SlimFast $2.3bn fortune ...S Daniel Abraham founder and 4 his daughters want his ex-wife Estanne to be removed as a trustee

SlimFast founder S  Daniel Abraham wants his ex-wife Estanne to be removed as a trustee
Put 1bn into trust funds for their four daughters after selling SlimFast for $2.3bn  ...says Estanne and new husband Martin Fawer mismanaged trusts
- Estanne is to be replaced as part of a settlement to avoid a court battle