Crime : Page 196

Gazprom GN must pay 3.7 million RUB fine for abusing dominance

August 11, 2016 Ingushetia OFAS fined Gazprom Gazoraspredelenie Nazran (Gazprom GN) JSC 3.7 million RUB ($56,947) for unlawfully switching off gas supplies to apartment blocks in different districts of Magas.

GVH imposed fines for coordination of bids in tenders of hospitals

August 11, 2016 Hungarian Competition Authority (GVH) imposed a total fine of 270 million HUF (approx. 843.800 EUR) was imposed on the undertakings for the infringement after it has found bids concerning four public procurement projects of hospitals.

Chevron wins big time in court in Ecuador case

August 10, 2016 The United States Court of Appeals for the Second Circuit has unanimously affirmed a lower court decision in Chevron-Ecuador case.

Russia starts investigations in iPhones price fixing

August 10, 2016 The Russian antimonopoly authority FAS said it noticed signs of price-setting coordination in the Russian Federation among the resellers of iPhone, which became a reason for fixing of the same retail prices for the smartphones.

Hitachi Automotive Systems pleads guilty to fixing price of auto parts

August 10, 2016 Hitachi Automotive Systems Ltd. has agreed to plead guilty and to pay a criminal fine of at least $55.48 million for its role in a conspiracy.

FCA fines broker Cenkos £530,000 for it failed as sponsor

August 10, 2016 Small cap stockbroker Cenkos Securities was fined £530,000 by the Financial Conduct Authority (FCA) for failing as a sponsor to scandal-hit Quindell.

Online travel companies owe Hawaii millions in taxes, court says

August 9, 2016 State circuit judge Gary W.B. Chang ruled that online travel companies, including Expedia, Priceline, Travelocity, Orbitz, Hotwire, and others, must pay Hawaii’s general excise tax on certain rental car transactions in Hawaii.

Ethical Electric will pay for being unethical

August 9, 2016 Illinois Attorney General Lisa Madigan announced a settlement with Ethical Electric, an alternative retail electricity supplier (ARES).

Italy fines Volkswagen maximum $5.54m over diesel emissions

August 8, 2016 The Italian Competition Authority found that Volkswagen AG and Volkswagen Group Italia S.p.A. have been breaching commercial practices legislation, and imposed a fine of 5 million euros, the maximum fine provided by the law.

Barclays reaches $100 million Libor settlement in U.S.

August 8, 2016 Attorney General Eric T. Schneiderman announced a $100 million, 44-state settlement with Barclays Bank and Barclays Capital.

FINRA fines Deutsche Bank Securities $12.5 million

August 8, 2016 The Financial Industry Regulatory Authority (FINRA) has fined Deutsche Bank Securities $12.5 million for significant supervisory failures.

SEC charges cardiologist with insider trading on confidential drug trial

August 8, 2016 The Securities and Exchange Commission (SEC) charged a cardiologist with insider trading on confidential developments as he worked on a clinical drug trial.