Caixin - Cracking Down on Bond Market's Knotty Traders < 5min

It was a typical workday morning at Wanjia Asset Management Co. in Shanghai's downtown financial district, but the firm's star bond trader Zou Yu was not at his desk. … Zou, 31, had mysteriously failed to report for his job as head of Wanjia's fixed-income department. And his whereabouts remained unknown until five days later when the firm, on April 16, announced that the police had taken Zou into custody for alleged, unspecified financial crimes. … Zou thus joined a growing list of allegedly unsavory bond traders, securities brokers, bankers and fund managers nabbed by authorities this year in their effort to stop illegal deal-making on the nation's interbank bond market.

Reuters - The mafia and a very special flower arrangement < 5min

To traders at the famous Royal FloraHolland flower market near Amsterdam, Vincenzo Crupi was just another businessman helping to make the Netherlands the largest exporter of cut flowers in the world. ... To the police, Crupi was a mafia suspect allegedly concealing drugs worth millions of dollars alongside fragrant bouquets he trucked to Italy. By last year they were hot on his scent. So they bugged his offices at the flower market. ... In conversations recorded by hidden microphones and cameras, the 52-year-old Italian was heard speaking at length about mafia affairs, according to previously unpublished details of the investigation contained in 1,700 pages of Italian court documents reviewed by Reuters. ... Crupi was heard allegedly discussing drug deals, arms shipments and a lethal power struggle between mafia members in Canada. ... Police and prosecutors say the case sheds new light on the ‘Ndrangheta – the Calabrian mafia – and the way it has spread its tentacles from southern Italy into dozens of countries across five continents. ... For much of the last century, the Calabrian mafia made its money from extortion and kidnappings. Then in the late 1980s and early 1990s the group, which consists of about 160 patriarchal clans, bet big on the cocaine trade. ... Its success at drug smuggling catapulted the ‘Ndrangheta past its more storied Sicilian rival, the Cosa Nostra, in both wealth and power. Italian authorities now consider the ‘Ndrangheta to be Europe’s single biggest importer of cocaine.