POST Online Media Lite Edition



 

Crime : Page 114

Ice-making company fined $350K for Fisheries Act violation

November 9, 2018
On November 5, 2018, Arctic Glacier Canada Inc. pleaded guilty, in the Provincial Court of British Columbia, to violating subsection 36(3) of the Fisheries Act.

Westpac fined $2.4 million in rate case, fraction of penalty sought

November 9, 2018
The Federal Court of Australia ordered Westpac Banking Corporation (Westpac) pay a pecuniary penalty of $3.3 million for contravening s12CC of the Australian Securities and Investments Commission Act 2001 (Cth) (ASIC Act) through its involvement in setting BBSW in 2010.

Citibank to pay more than $38 million for improper handling of ADRs

November 8, 2018
The Securities and Exchange Commission (SEC) announced that Citibank N.A. has agreed to pay $38.7 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs).

Not meeting honey rules cost Auckland businessman more than $26,000

November 5, 2018
An Auckland businessman has been fined more than $26,000 for offences related to making false therapeutic claims about honey and failing to ensure he was a registered exporter.

German shipping operator sentenced to pay $3.2 million for falsifying logs to hide oil

November 3, 2018
A German shipping company, MST Mineralien Schiffahrt Spedition und Transport GmbH (MST), pleaded guilty and was sentenced in Portland, Maine, for obstruction of justice and for maintaining false official records to conceal deliberate pollution from one of its ships, the MV Marguerita, announced Assistant Attorney General Jeffrey B. Clark for the Justice Department’s Environment and Natural Resources Division and United States Attorney Halsey B. Frank for the District of Maine.

Northrop Grumman to pay $27.45 million to settle False Claims Act allegations

November 3, 2018
The Justice Department announced that Northrop Grumman Systems Corporation (NGSC) has agreed to settle civil allegations that it violated the False Claims Act (FCA), 31 U.S.C. §3729, by overstating the number of hours its employees worked on two battlefield communications contracts with the United States Air Force.

U.S. indicts Chinese, Taiwan firms for targeting Micron trade secrets

November 1, 2018
A federal grand jury indicted a state-owned enterprise of the People’s Republic of China (PRC), a Taiwan company, and three individuals, charging them with crimes related to a conspiracy to steal, convey, and possess stolen trade secrets of an American semiconductor company for the benefit of a company controlled by the PRC government.

Former PDVSA executive director pleads guilty in billion-dollar money laundering conspiracy

November 1, 2018
A former executive director at the Venezuelan state-owned oil company, Petróleos de Venezuela, S.A. (PDVSA), pleaded guilty today for his role in a billion-dollar international scheme to launder funds embezzled from PDVSA.

Ex-Afren executives sentenced for fraud, money-laundering

October 30, 2018
Two former executives of collapsed oil company Afren were sentenced to up to six years in prison on Monday after they were convicted of fraud and money laundering over a $300 million business deal, Britain\'s Serious Fraud Office (SFO) said.

Former Swiss bank executive sentenced to prison for role in billion-dollar money laundering scheme

October 30, 2018
The former managing director and vice chairman of a Swiss bank was sentenced to 10 years in prison, after previously pleading guilty for his role in a billion-dollar international scheme to launder funds embezzled from Venezuelan state-owned oil company Petróleos de Venezuela, S.A. (PDVSA).

Korea reaffirms prison term for ex-Hanjin Shipping chair for insider trading

October 29, 2018
The Supreme Court on Monday finalized an 18-month prison term for a former head of the now-defunct Hanjin Shipping Co. for selling off her family\'s stake in the firm using insider information.
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