POST Online Media Lite Edition



 

Crime : Page 137

Volkswagen agrees to $232 million Canadian emissions settlement

January 12, 2018
Volkswagen has agreed to a settlement worth up to $232 million (C$290.5) with owners of vehicles in Canada affected by its diesel emissions-cheating scandal.

India bans Price Waterhouse for 2 years in corporate fraud case

January 11, 2018
India\'s market regulator has banned international accounting firm Price Waterhouse from auditing listed companies for two years for its role in the country\'s biggest ever corporate scandals.

Britain fines Carphone Warehouse 400,000 pounds over data breach

January 10, 2018
Britain\'s information regulator said it had fined Carphone Warehouse 400,000 pounds ($539,400) after a 2015 cyber attack exposed the personal data of more than 3 million customers.

China: 159,100 officials sentenced for corruption

January 9, 2018
59,100 Chinese officials were sentenced for misappropriating State\'\'s funds and using them with personal purposes in 2017, according to statistics from the disciplinary committee of the Communist Party (CPCh).

VTech Electronics to pay for violating Children’s Privacy Law and the FTC Act

January 8, 2018
Electronic toy manufacturer VTech Electronics Limited and its U.S. subsidiary have agreed to settle charges by the Federal Trade Commission (FTC).

Britain's financial watchdog fines and bans former RBS trader

January 8, 2018
Britain\'s financial watchdog has fined former Royal Bank of Scotland interest rate derivatives trader Neil Danziger 250,000 pounds ($338,000) and banned him from working in any regulated financial activity.

Former CFO of Arthrocare Corporation sentenced to prison

January 6, 2018
The former CFO of ArthroCare Corporation, a publicly traded medical device company based in Austin, Tx., was sentenced to 50 months in prison for his role in orchestrating a fraud scheme that resulted in shareholder losses of over $750 million.

Petrobras agrees to $2.95bn settlement with U.S. investors

January 3, 2018
Petrobras agreed to pay nearly $3 billion to settle a U.S. shareholder lawsuit.

Competitors agreed who will win auction by Ignalina nuclear plant

January 2, 2018
The Competition Council found that UAB Norvesta and the German company Sypra concluded a cartel agreement while participating in the radioactive scrap metal auction conducted by Ignalina nuclear power plant, and thus were fined EUR 27,500 and EUR 27,100 respectively.

Ethiopia: Authority charges 11 more medicine importers

January 2, 2018
The number of pharmaceutical suppliers and retailers accused of inflating prices by the Trade Competition & Consumer Protection Authority (TCCPA) has now reached 19, with 11 importers added to the list along with the previously charged eight wholesalers.

Citigroup to pay $11.5 million for inaccurate stock ratings

December 29, 2017
Citigroup was fined by a U.S. regulator $5.5 million and required to pay at least $6 million in compensation to customers for displaying inaccurate stock ratings.

Germany's Bundeskartellamt imposes fines on harbour towage service providers

December 28, 2017
The Bundeskartellamt has imposed fines amounting to approximately 13 million euros on three harbour towage service providers.
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