Co-founder of infrastructure fund allegedly under investigation for money laundering

Tweet Kola Aluko, a Nigerian energy mogul, is allegedly under investigation for money laundering in Nigeria. Among other things, Aluko is one of the founders of Made in Africa (MiAF), a foundation for infrastructure projects across Africa which, in 2013, joined the African Development to launch the Africa50 Fund on NASDAQ, Africa’s largest infrastructure investment vehicle. […]

Germany state-owned bank and several corporate offices raided over wind energy investigation into alleged mafia money laundering

Tweet The EU investigation into the use of wind farms to launder proceeds of crime widened today with several police raids in Austria and Germany, including a raid on the offices of the state-owned bank, HSH Nordbank. The Nordbank financed several wind farms, including one in Calabria, Italy, alleged to have been erected and operated […]

“The Windfather” – Another report finds wind and renewable energy projects controlled by organized crime to launder money

Tweet Europol report ties mafia to renewable energy This week, Europol released yet another report tying the financing, development and operation of renewable energy projects, particularly wind energy infrastructure projects, to organized crime in Europe. The latest Europol report follows on the heels of an earlier one, the “Serious & Organized Crime Threat Assessment 2013”, […]