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Crime : Page 183

SFR Group and Altice to pay gun-jumping fine of 80 million euros

November 10, 2016
SFR Group and Altice have been notified of the decision of the French Competition Authority sentencing them to a 80 million euro gun-jumping fine in connection with the 2014 acquisition of SFR and Virgin Mobile.

PHH Mortgage Corporation to pay $28 million fine

November 10, 2016
PHH Mortgage Corporation and its affiliate, PHH Home Loans LLC, will pay a $28 million fine as part of a consent order for violations of state and federal laws designed to protect homeowners.

Japanese auto company to pay $7.2 million criminal fine

November 9, 2016
Usui Kokusai Sangyo Kaisha, an automotive parts manufacturer based in Shimizu, Japan, has agreed to plead guilty and pay a $7.2 million criminal fine.

Biocompatibles to pay $36 million to resolve criminal liability

November 8, 2016
Pennsylvania-based medical device manufacturer Biocompatibles, a subsidiary of BTG, pleaded guilty to misbranding its embolic device LC Bead and will pay more than $36 million to resolve criminal and civil liability arising out of its illegal conduct, the Justice Department announced.

RBS to pay £400 million after small business scandal

November 8, 2016
Royal Bank of Scotland (RBS) has agreed to refund around £400m of fees to smaller business customers hit by failings at bank's former Global Restructuring Group subsidiary, while also launching a new complaints process to be overseen by a retired High Court judge.

Germany widen Dieselgate probe to Volkswagen chairman

November 7, 2016
Volkswagen (VW) said on Sunday that German prosecutors had widened an investigation into suspected market manipulation to include supervisory board chairman Hans Dieter Poetsch.

Agricultural Bank of China to pay New York state $215 million

November 7, 2016
Agricultural Bank of China will pay a $215 million penalty for violating New York state's anti-money laundering law, the state's financial regulator said.

Ulster Bank Ireland fined €3.3m over money laundering and terrorist financing

November 4, 2016
The Central Bank of Ireland fined Ulster Bank Ireland DAC and reprimanded it for breaches of the Criminal Justice Money Laundering & Terrorist Financing Act 2010.

$3.45m in fraudulently collected benefits repaid to New York fund

November 3, 2016
The New York State Department of Labor recovered nearly $3.45 million in fraudulently obtained Unemployment Insurance benefits during the first 10 months of 2016.

Russian antitrust fines Google, Google Ireland $15,725

November 3, 2016
Russia’s Federal Antimonopoly Service has fined Google Inc. and Google Ireland Ltd. 500,000 rubles each (together $15,725) for a failure to fix breaches on the local market of mobile applications.

Saudi companies fined $24.9 million for monopoly

November 2, 2016
Saudi Council of Competition has imposed 24.9 million dollars worth of fines on companies for practicing monopoly in the last 12 months, Al Eqtisadiah reported.

Hyundai, Kia to pay $41.2m to settle investigations over fuel economy ratings

October 28, 2016
Hyundai Motor Co. and Kia Motors Corp. have agreed to pay $41.2 million in a settlement to end investigations in dozens of U.S. states over inflated fuel economy ratings of some of their vehicles, an official said Thursday.
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