Read More About: Financial Planning Sydney Australian Property Investor By Maraya Mullen “Who remembers how things were like before TV? Or the microwave oven? Or the heater? For most of us modern beings, life without our favorite appliances is virtually unimaginable. So when things go awry and you find your home appliances doing things theyre not supposed to do, you immediately reach for the yellow pages and call appliance repair experts. But then there are those that are braver than most, who, with a little knowledge, a lot of do-it-yourself…
Read MoreMonth: September 2015
South African prosecutors charge ANC leader Jacob Zuma with corruption
Saturday, December 29, 2007 File:JacobZuma.jpg Corruption-related charges have been brought against Jacob Zuma, the newly-elected leader of the African National Congress (ANC), according to his lawyer. A trial is scheduled to begin on August 14, 2008. The charges stem from an arms deal with a French company, which is alleged to have involved bribes and fraud. Zuma’s financial adviser at the time, Schabir Shaik, was convicted in 2005 of attempting to solicit a bribe of US$72,500 per year from the arms company on Zuma’s behalf and was sentenced to 15…
Read MoreCommonwealth Bank of Australia CEO apologies for financial planning scandal
Thursday, July 3, 2014 Ian Narev, the CEO of the Commonwealth Bank of Australia, this morning “unreservedly” apologised to clients who lost money in a scandal involving the bank’s financial planning services arm. Last week, a Senate enquiry found financial advisers from the Commonwealth Bank had made high-risk investments of clients’ money without the clients’ permission, resulting in hundreds of millions of dollars lost. The Senate enquiry called for a Royal Commission into the bank, and the Australian Securities and Investments Commission (ASIC). Mr Narev stated the bank’s performance in…
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