Along with 74 arrests in the United States, 167 people were arrested in Nigeria, 18 in Turkey and 15 in Ghana.
Regiments is the financial services company where Wood was a director before a fallout with his co-directors over the terms of his departure to Trillian, a successor company set up by Gupta lieutenant Salim Essa.
This move will expand both firms’ offering in East Africa, across the continent itself, and will open up the Asia-pacific gateway giving clients a new level of service across Africa.
Davids reached a plea agreement with the state, and was sentenced to 15 years imprisonment, of which six are conditionally suspended.
At both these events, Nedbank representatives who sat as judges requested technical information from the entrepreneurs about their invention, and allegedly expressed interest in acquiring the product.
The US authorities have charged 80 people, "most of whom are Nigerian nationals", with participating in a conspiracy to steal millions of dollars, prosecutors say.