Brazilian billionaire allegedly involved in bribery scheme

Prosecutors in Brazil on Thursday charged billionaire Joseph Safra with being involved in a scheme to bribe government tax officials. Although investigators say Safra wasn’t directly bribing officials, they allege he approved these payments and was kept informed about them. Prosecutors say that Safra’s team allegedly tried to bribe officials with 15.3 million reais ($4.3… Read More Brazilian billionaire allegedly involved in bribery scheme

Chinese billionaire buys nude painting for $170.4million at auction in New York

A painting by Italian artist Modigliani was sold at auction on Monday for $170.4m (£113m), the second-highest price ever for a work sold at auction. Nu couche (Reclining Nude) was sold at Christie’s in New York to a Chinese collector. It had never been sold at auction before, having been in the same private collection… Read More Chinese billionaire buys nude painting for $170.4million at auction in New York