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Crime : Page 166

EC fines six in car air conditioning cartel €155 million

March 8, 2017
The European Commission has fined Behr, Calsonic, Denso, Panasonic, Sanden, and Valeo a total of €155 million for taking part in one or more of four cartels concerning supplies of air conditioning and engine cooling components to car manufacturers in the European Economic Area (EEA).

Hoyt's Food pays $10,800 for alleged false and misleading Oregano representations

March 8, 2017
Hoyt Food Manufacturing Industries has paid a penalty of $10,800 following the issue of an infringement notice by the Australian Competition and Consumer Commission.

ZTE pleads guilty to violating Iran sanctions,will pay $892 million

March 7, 2017
ZTE pled guilty to violating U.S.-Iran sanctions. The plea marks the end of a five-year joint investigation by the Department of Justice, the FBI and the Department of Homeland Security, among others.

Kiekert AG to plead guilty to bid rigging involving auto parts

March 7, 2017
Kiekert AG, an automotive parts manufacturer based in Heiligenhaus, Germany, has agreed to plead guilty and to pay a $6.1 million criminal fine.

Competition Commission charges Unilever South Africa for cartel conduct

March 7, 2017
The Competition Commission has referred to the Competition Tribunal for prosecution a cartel case against Unilever South Africa and Sime Darby Hudson Knight.

SoleNet and Sure Telecom banned from operating in Australia

March 7, 2017
The Federal Court has ordered the corporations trading as SoleNet and Sure Telecom and James Harrison pay penalties totaling $250,000 and be restrained from carrying on a business or supplying services in connection with telecommunications for a period of two years.

Spain's anti-trust watchdog fines Renfe, Deutsche Bahn 75.6m euros

March 6, 2017
Spain's anti-trust watchdog CNMC said it had fined rail cargo carriers belonging to Spain's Renfe and Deutsche Bahn 75.6 million euros ($80.13 million) for reaching pacts it said affected competition.

Former Arkansas senator, two others charged with bribery and fraud

March 3, 2017
A former Arkansas state senator, a college president and a consultant were charged in an indictment filed for perpetrating a bribery and fraud scheme.

SEC charges Mexico-based homebuilder in $3.3 billion accounting fraud

March 3, 2017
The Securities and Exchange Commission (SEC) announced that Mexico-based homebuilding company Desarrolladora Homex has agreed to settle charges that it reported fake sales of more than 100,000 homes to boost revenues in its financial statements during a three-year period.

Ex-Aeroflot top manager sentenced to 8 years for $122.5m embezzlemet

March 3, 2017
Moscow’s Savelovsky District Court sentenced Nikolay Glushkov, former Aeroflot first Deputy Director General in charge of Finance, to 8 years in prison and a 1 million ruble fine ($17,100) in absentia.

Record number of doctors disciplined in New Jersey

March 2, 2017
New Jersey Attorney General Christopher S. Porrino filed disciplinary actions against doctors at a record pace last year.

Former investment advisor indicted in Arizona

March 2, 2017
Arizona Attorney General Mark Brnovich announced a State Grand Jury indicted former investment advisor Richard Mark Schmerman for his alleged misappropriation of over $800,000 of his client’s funds.
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