he U.S. Treasury Department targets drug traffickers
Special Correspondent
Feb. 23, 2011

The U.S. Treasury Department has designated Colombian national Jorge Milton Cifuentes Villa and more than 70 other individuals and entities in Cifuentes Villa's drug-trafficking and money laundering organization, prohibiting U.S. citizens from conducting financial or commercial transactions with those individuals and entities, a U.S. Treasury press release said Feb. 23.

Any assets belonging to the designees under U.S. jurisdiction have been frozen. Cifuentes Villa leads a drug-trafficking organization with operations in Colombia, Mexico, Ecuador, Panama and Spain that is closely allied with the Sinaloa cartel.

he U.S. Treasury Department targets drug traffickers
Special Correspondent
Any assets belonging to the designees under U.S. jurisdiction have been frozen. Cifuentes Villa leads a drug-trafficking organization with operations in Colombia, Mexico, Ecuador, Panama and Spain that is closely allied with the Sinaloa cartel.
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EU governments agreed prepare possible sanctions against Libya
Special Correspondent
EU governments agreed Feb. 23 to prepare possible sanctions against Libya in response to Libyan leader Moammar Gadhafi's violent crackdown on government protesters,international media reported citing an unnamed EU diplomat.
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Shukri Ghanem, Libya's oil minister and former prime minister has fled Libya with big bags of money
Special Correspondent
Libya's Organization of the Petroleum Exporting Countries envoy arrived in Riyadh, Saudi Arabia, on Feb. 20 for the International Energy Forum.
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India planning amnesty for Tax evaders at a hefty 45% tax on black money
Tushar Nanadi
This Budget, Finance Minister Pranab Mukherjee may announce a last and final call for all tax evaders who have stashed away black money here or abroad, to come clean after paying tax plus a penalty, collectively amounting to 45 per cent.
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Indian telecom scandal investigators question Anil Ambani’s Reliance ADAG holding group executives
Tushar Nandi
People of India are fed up with corruption and inflation under the Manmohan Singh's regime.
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The Swiss government has frozen any potential assets, including real estate, belonging to former Egyptian President Hosni Mubarak and his associates for three years
Special Correspondent
The Swiss spokesman declined to say how much money was involved or name the banks holding the money.
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The Vietnamese central bank devalued the dong by 8.5 percent
Special Correspondent
The official exchange rate against the U.S. dollar is 20,693 dong, up from 18,932 dong or 9.3 percent.
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Ireland's National Asset Management Agency (NAMA) is buying an 88 billion euro ($120 billion) portfolio of toxic loans from Irish banks at a 58 percent discount
Special Correspondent
NAMA acquired 71.2 billion euros of loans for 30.2 billion euros in 2010 and is scheduled to acquire additional residual loans of 5 billion euros in early 2011 as part of the original process, NAMA said.
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