Crime : Page 153

South Korean Airlines ordered to pay fines, pilots suspended

July 20, 2017 Asiana Airlines was fined 900 million won ($802,282) for a runway accident two years ago and the pilot responsible stripped of his license, the transport ministry said while announcing a series of punitive actions against carriers.

Telecom executive pleads guilty in connection with Haitian bribery scheme

July 20, 2017 The former general manager of a Miami-based telecommunications company pleaded guilty for his role in a scheme to pay $3 million in bribes to various Haitian officials to secure a lucrative contract with Telecommunications D’Haiti (Haiti Teleco), the state-owned and state-controlled telecommunications company in Haiti.

U.S. government contractor in Afghanistan pleads guilty to $250k kickback scheme

July 19, 2017 A former employee of a U.S. government contractor in Afghanistan pleaded guilty to accepting more than $250,000 in illegal kickbacks from an Afghan subcontractor in exchange for assistance in obtaining U.S. government contracts, officials said.

Korean Aerospace Industries offices raided in anti-corruption probe

July 18, 2017 Computer hard drives, documents and other materials of Korea Aerospace Industries have been seized by state prosecutors in a corruption probe, officials announced last weekend.

Three arraigned in foreign currency exchange antitrust conspiracy

July 18, 2017 Three United Kingdom nationals and former traders of major banks voluntarily surrendered to the FBI and were arraigned on a charge arising from their alleged roles in a conspiracy to manipulate the price of U.S. dollars and euros exchanged in the foreign currency exchange (FX) spot market, the Justice Department announced.

U.S. fines BNP Paribas $246m over forex oversight

July 18, 2017 U.S. regulators have fined BNP Paribas $246m (€213m) for poor oversight of its foreign exchange traders who manipulated trading prices.

Societe Generale to pay 450,000 euro fine for compliance breaches in research notes

July 13, 2017 Societe Generale has agreed to pay a 450,000 euros fine in an agreement with the French markets regulator AMF for breaching compliance rules in analyst notes produced by its Global Research and Strategy department.

RBS has settlement with the Federal Housing Finance Agency, will pay $5.5 billion

July 13, 2017 The Royal Bank of Scotland Group (RBS) has reached a settlement with the Federal Housing Finance Agency (FHFA) as conservator of Fannie Mae and Freddie Mac.

United States settles lawsuit over electric cable in Boston Harbor

July 13, 2017 A lawsuit was settled involving an electrical cable beneath Boston Harbor that runs across two shipping channels that the government alleged was not placed at the required depth when it was installed in 1990.

Mallinckrodt to pay record $35m for failure to report suspicious orders

July 13, 2017 Mallinckrodt, a pharmaceutical manufacturer and one of the largest manufacturers of generic oxycodone, agreed to pay $35 million to settle allegations that it violated certain provisions of the Controlled Substances Act (CSA).

Paint companies settle allegations of misleading consumers, says FTC

July 12, 2017 Four paint companies have agreed to settle charges that they misled consumers on the safety of products by deceptively promoting them as emissions-free and VOC-free, according to Federal Trade Commission or FTC.

Philip Morris to pay Australia after losing arbitration over packaging

July 11, 2017 Philip Morris has been ordered to pay millions of dollars in compensation to Australia after unsuccessfully challenging the nation's tobacco plain packaging laws.