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July 8, 1991 | From Reuters
A court will place the Luxembourg-based Bank of Credit and Commerce International SA in the hands of appointed liquidators today to unravel the affairs of the scandal-hit financial institution. The Court of Justice's move, called "controled administration," is the latest in an unprecedented wave of legal action to freeze the bank's estimated $20 billion in assets in almost 70 countries amid allegations of fraud.
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BUSINESS
July 8, 1991 | From Reuters
A court will place the Luxembourg-based Bank of Credit and Commerce International SA in the hands of appointed liquidators today to unravel the affairs of the scandal-hit financial institution. The Court of Justice's move, called "controled administration," is the latest in an unprecedented wave of legal action to freeze the bank's estimated $20 billion in assets in almost 70 countries amid allegations of fraud.
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NEWS
December 2, 2001 | Reuters
Luxembourg police raided several banks and financial institutions Friday, seizing documents as part of an international probe into the funding of terrorist networks, a spokesman said Saturday. "The Luxembourg criminal investigation department made several--half a dozen--searches on Friday at financial institutions and banks in Luxembourg," said Vic Reuter, a spokesman for the police. The companies, which he declined to name, were investigated because of links to a financial firm, Al Baraka.
CALIFORNIA | LOCAL
October 10, 1989 | RONALD L. SOBLE, Times Staff Writer
A bank account containing $3 million belonging to former narcotics agent Darnell Garcia of Rancho Palos Verdes, charged with drug trafficking and money laundering, has been seized by Luxembourg authorities, a prosecutor in that country disclosed Monday. At the same time, Garcia's wife, Adaline Brigitte Garcia, has been arrested by Luxembourg police, according to informed sources. Details of her arrest were sketchy. Garcia was arrested in Luxembourg last July.
CALIFORNIA | LOCAL
October 11, 1989 | RONALD L. SOBLE, TIMES STAFF WRITER
A second Los Angeles-area woman has been arrested by Luxembourg police, along with the wife of former U.S. narcotics agent Darnell Garcia, and both women have been charged with concealing a $3-million European bank account, it was learned Tuesday.
CALIFORNIA | LOCAL
December 21, 1990 | ALAN ABRAHAMSON, TIMES STAFF WRITER
Charging "nationalistic and racial" discrimination, a former vice president of a Japanese bank filed suit Thursday against the bank, saying he was underpaid and forced out of his job because he is white. In the suit filed in San Diego Superior Court, Karl Biniarz, the former manager of the Dai-Ichi Kangyo Bank branch in San Diego, says he left after he was slapped by a senior Japanese bank executive, in front of other top Japanese bank managers, at a Los Angeles business meeting.
NEWS
November 19, 1989 | SALLY JACOBSEN, ASSOCIATED PRESS
Every morning, a train filled with mostly middle-class passengers pulls out of Brussels bound for Luxembourg. Belgians jokingly call it Le Train des Fraudeurs --"The Cheaters' Train." The nickname stems from the financial business assumed to be carried on by the train's passengers in Luxembourg, which has long lured investors because of its strict bank secrecy laws and tax breaks.
NEWS
September 1, 1996 | MARY WILLIAMS WALSH, TIMES STAFF WRITER
Leo Kirch, reclusive German media tycoon, hasn't always been the sort of man who could drop $5 billion in Hollywood, as he has in the past few months. Forty years ago, he rattled around the German countryside in a secondhand Volkswagen, the very picture of a lean and hungry village youth determined to make good. He was trying to peddle a sad, simple movie called "La Strada," by an unknown Italian named Federico Fellini.
CALIFORNIA | LOCAL
March 16, 1993 | SUSAN MOFFAT, TIMES STAFF WRITER
When he was arrested at a Rosemead restaurant, Michael Smushkevich, alias Mikhailious Smouchkevitchous, alias Jacobo Martinez Greenberg, alias Ivan Pavlov Sanchez, was wearing two gold medallions on three gold chains and a diamond-studded watch.
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