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On the Money Trail - Jan. 16

Source: Thu, 16 Jan 2014 17:27 GMT
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LONDON - A year ago, the daughter of the Uzbek president was riding high - a businesswoman, a pop star and someone talked about as a possible future leader. But over the past 12 months all that's changed - her businesses closed, her official positions snatched away. The BBC reports on the rise and fall of Gulnara Karimova.

MOSCOW - Russian Deputy Prime Minister Dmitry Kozak has rejected claims that preparations for the Sochi 2014 Olympics have been blighted by massive misspending, Russian newswire RIA Novosti reports. Kozak was responding to reports that billions of dollars have been illegally siphoned off from Sochi’s $50 billion budget. “No such facts exist,” Kozak was quoted as saying during a government meeting.

PORT MORESBY, Papua New Guinea - PNG's anti-corruption unit says it has no case against PNG Prime Minister Peter O'Neil in relation to A$35 million ($31 million) in dubious legal fees paid to the country's top lawyer, Paul Paraka, Radio Australia reports. A task force sweep on Wednesday arrested former Finance Secretary Steve Gibson and says it will continue to investigate the roles played by PNG's Finance and Treasury Ministers, the radio station added.

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