POST Online Media Lite Edition



 

Crime : Page 110

Bosch to pay USD 131 million to settle US diesel emissions claims

January 14, 2019
On January 10, 2019, Bosch resolved pending civil litigation with U.S. consumers and used car dealers, as well as investigations by 50 U.S. states and territories into Bosch by entering into two sets of settlement agreements.

Fiat Chrysler agrees to pay $800m to settle emissions cheating case

January 11, 2019
The Department of Justice, the Environmental Protection Agency (EPA) and the State of California announced a settlement with Fiat Chrysler Automobiles N.V., FCA US, and affiliates (Fiat Chrysler) for alleged violations of the Clean Air Act and California law.

Ex-Credit Suisse bankers arrested on charges over Mozambique loans

January 4, 2019
Three former Credit Suisse Group AG bankers were arrested in London on Thursday on U.S. charges that they took part in a fraud scheme involving $2 billion in loans to state-owned companies in Mozambique, a spokesman for U.S. prosecutors said.

Thames Water fined £2m for 'foreseeable and avoidable' pollution

January 4, 2019
Thames Water has been fined £2million after raw sewage polluted two Oxfordshire streams, killing almost 150 fish. The sewage also flooded a nearby garden.

Wells Fargo reached agreement with 50 states, will pay $575 million

December 29, 2018
Wells Fargo & Co. reached an agreement with all 50 state Attorneys General and the District of Columbia regarding previously disclosed retail sales practices, auto collateral protection insurance (CPI) and Guaranteed Asset/Auto Protection (GAP), and mortgage interest rate lock matters.

JPMorgan to pay more than $135 million for improper handling of ADRs

December 27, 2018
The Securities and Exchange Commission announced that JPMorgan Chase Bank N.A. will pay more than $135 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs).

French Banque Postale fined 50 million euros over terror suspect payments

December 26, 2018
France\'s banking regulator said that it had fined the banking service of the national postal operator 50 million euros after finding it had allowed cash transfers to and from people suspected of \"terrorist activities\".

South Korea fines BMW $9.9 million after series of engine fires

December 26, 2018
South Korea fined German carmaker BMW 11.2 billion won ($9.9 million) for allegedly trying to hide defective components and belatedly recalling its vehicles after a number of engine fires.

Former Sinochem manager sentenced to 12 years for graft

December 26, 2018
A Chinese court sentenced the former general manager of Sinochem Group to 12 years in prison.

FINRA sanctions Merrill Lynch $6 million for selling IPOs to insiders

December 21, 2018
FINRA announced that it has fined Merrill Lynch, Pierce, Fenner & Smith for improperly selling shares in initial public offerings (IPOs) to industry insiders, including its employees’ immediate family members and customers who were brokers at other brokerage firms.

Ex-manager sentenced to 39 months prison in SNC-Lavalin hospital corruption case

December 19, 2018
A former hospital executive who pocketed a $10-million bribe in return for helping engineering giant SNC-Lavalin win a Montreal hospital-building contract was sentenced to 39 months in prison.

IAV GmbH to pay $35 million criminal fine related to Volkswagen emissions fraud

December 19, 2018
IAV GmbH (IAV), a German company that engineers and designs automotive systems, has agreed to plead guilty to one criminal felony count and pay a $35 million criminal fine as a result of the company’s role in a long-running scheme for Volkswagen AG (VW) to sell diesel vehicles in the United States by using a defeat device to cheat on U.S. vehicle emissions tests required by federal law.