POST Online Media Lite Edition



 

Crime : Page 133

RBS reaches $500 million settlement with New York over mortgage securities

March 7, 2018
Royal Bank of Scotland Group (RBS) has reached a $500 million settlement with New York state to resolve charges it misled investors by selling risky mortgage securities that contributed to the 2008 global financial crisis.

RBI imposes monetary penalty on Indian Overseas Bank

March 7, 2018
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹ 20 million on Indian Overseas Bank for non-compliance with the directions issued by RBI on Know Your Customer (KYC) norms.

Nashville mayor resigns after pleading guilty to felony theft

March 6, 2018
Nashville Mayor Megan Barry resigned amid a scandal that saw her plead guilty to felony theft related to an extramarital affair she had with a former bodyguard.

Nine on trial for 18 ruptures in major water pipeline to Hanoi

March 6, 2018
The Hanoi People’s Court commenced a first-instance trial looking into wrongdoings that caused repeated failures of a major pipeline that supplies water to the capital city.

RBI imposes monetary penalty on Axis Bank

March 6, 2018
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹ 30 million on Axis Bank Limited (the bank) for non-compliance with the directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms.

Pennsylvania AG Shapiro sues Uber for massive data breach, penalties up to $13.5m

March 6, 2018
Pennsylvania Attorney General Josh Shapiro filed a lawsuit against Uber Technologies, Inc. for violating Pennsylvania’s data breach notification law.

Deloitte & Touche to pay $149.5m to settle claims connected with Taylor, Bean & Whitaker

March 1, 2018
The Justice Department announced that Deloitte & Touche has agreed to pay the United States $149.5 million to resolve potential False Claims Act liability arising from Deloitte’s role as the independent outside auditor of Taylor, Bean & Whitaker Mortgage Corp. (TBW).

Tyson Poultry fined $2 million for violating Clean Water Act

March 1, 2018
Tyson Poultry was sentenced in federal court in Springfield, Missouri, to pay a $2 million criminal fine, serve two years of probation, and pay $500,000 to directly remedy harm caused when it violated the Clean Water Act, the Justice Department announced.

Tank vessel operator and master convicted for oil and garbage offenses

February 27, 2018
Sea World Management & Trading and Edmon Fajardo were convicted for maintaining false and incomplete records relating to the discharge of oil and garbage from an oil tanker that was operating off the coast of Texas.

Moscow court grants $1.9 million lawsuit against Hewlett-Packard

February 26, 2018
The Ninth Commercial Court of Appeals has granted a lawsuit filed by the Russian Union of Right Holders and ruled to recover 107.7 million rubles ($1.9 million) from Hewlett-Packard A.O., the Russian subsidiary of Hewlett-Packard corporation, RAPSI reported.

Takata to settle U.S. probe by 44 state AGs over deadly air bags

February 22, 2018
Takata’s U.S. unit agreed to settle a probe by 44 state attorneys general into claims it concealed a deadly safety defect with air bag inflators.

Global economic crime hits record levels

February 22, 2018
A much wider awareness and understanding of the range, threat and cost of fraud in business has driven reported economic crime to its highest level recorded in PwC’s bi-annual survey of business crime.
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