Crime : Page 131

Barclays to pay $2 billion in residential mortgage-backed securities case

March 29, 2018 The United States has reached agreement with Barclays Capital and several of its affiliates to settle a civil action filed in December 2016 in which the United States sought civil penalties for alleged conduct related to Barclays’ underwriting and issuance of residential mortgage-backed securities (RMBS) between 2005 and 2007.

British Telecom fined record amount for unsafe streetworks

March 29, 2018 Transport for London (TfL) has successfully prosecuted British Telecom (BT) for putting the public at risk during streetworks in the City of London, with the telecommunications giant ordered to pay a record £90,000 fine.

RBI imposes $9 million penalty on ICICI Bank

March 29, 2018 In a rare move, The Reserve Bank of India (RBI) imposed monetary penalty worth Rs. 58.9 crore ($9 million) on ICICI Bank, the country\'s biggest private bank, for failing to abide by rules on the sale of bonds in the held-to-maturity (HTM) category.

Maxwell Technologies, former executive settle U.S. SEC charges

March 28, 2018 The Securities and Exchange Commission (SEC) charged a California-based energy storage and power delivery product manufacturer and one of its former sales executives in a fraudulent revenue recognition scheme designed to inflate the company’s reported financial results.

Anti-trust body fines ferry operators Moby and Tirrenia

March 27, 2018 Italian Anti-Trust Authority has fined two Italian ferry operators, Moby Spa and Tirrenia Compagnia Italiana di Navigazione, for abusing their dominant position in Sardinia.

Dubai Police arrest international gang for stealing more than $3 million from Asian banks

March 26, 2018 More than $3 million (Dh11m) was stolen from bank accounts located in Thailand and other Asian Countries, according to Dubai Police.

Alere to pay $33.2 million to settle False Claims Act allegations

March 24, 2018 Massachusetts-based medical device manufacturer Alere and its subsidiary Alere San Diego (Alere) have agreed to pay the United States $33.2 million.

WesternOne to pay $1 million to settle securities class action litigation

March 23, 2018 WesternOne announced that the parties to the pending class action lawsuit in Ontario against WesternOne and certain of its current and former directors and officers, among others, alleging misrepresentation have entered into an agreement to settle the proceedings.

Accredo to pay $375,000 over failure to provide basic services

March 23, 2018 New York Attorney General Eric T. Schneiderman announced a settlement with specialty pharmacy Accredo Health Group.

Venezuela: High-level arrests at PDVSA for alleged graft

March 22, 2018 Venezuela\'s attorney general, Tarek William Saab, announced Tuesday new arrests in an ongoing anti-graft investigation into the country’s oil industry.

UBS to pay $230 million in US subprime settlement

March 22, 2018 UBS will pay $230 million to settle charges it misrepresented mortgage-backed securities in the run-up to the financial crisis, New York State officials announced.

EC fines 8 producers of capacitors €254 million for participating in cartel

March 22, 2018 The European Commission (EC) has fined Elna, Hitachi Chemical, Holy Stone, Matsuo, NEC Tokin, Nichicon, Nippon Chemi-Con, Rubycon € 253 935 000.