Half a billion dollars and fake accounts: Three countries at the heart of a fraud case

Courts in India and Singapore have frozen assets of the founder of the Banki group, suspected of defrauding lenders of half a billion dollars. In London, it was ruled that subsidiaries of Man Group are involved in bribery surrounding Kuwait's pension fund. Tasmania launches an unusual tourism campaign, and a cult leader in Kenya is sentenced to 200 years in prison.

The 'Global Zoom' section of Globes presents four international stories. In India and Singapore, courts have frozen assets worth $243 million belonging to Brahmbhatt, the founder of the Banki group, who is accused of defrauding lenders of approximately $500 million by inventing fictitious clients. In the UK, a London ruling determined that subsidiaries of hedge fund giant Man Group are involved in a bribery case surrounding Kuwait's pension fund, which could obligate the group to pay $155 million. In Tasmania, the tourism office launched an unusual campaign declaring that the state is 'not really meant for tourists,' aiming to attract travelers seeking peace and solitude. In Kenya, cult leader Paul Mackenzie was sentenced to 200 years in prison for the murder of 190 children and one adult through starvation, in one of the worst cult disasters in history.