POST Online Media Lite Edition



 

Crime : Page 41

CCI penalises firms found guilty of bid rigging and cartelization in Indian Railways, tenders

April 11, 2022
The Competition Commission of India (CCI) issued a final order against eleven companies which were found to have contravened the provisions of the Competition Act.

Former Goldman Sachs investment banker convicted in massive bribery and money laundering scheme

April 11, 2022
A former Managing Director of The Goldman Sachs Group Inc. was convicted by a federal jury in the Eastern District of New York for conspiring to commit bribery, to circumvent internal accounting controls, and to commit money laundering in connection with a multibillion-dollar scheme involving Malaysia’s state-owned investment and development fund, 1Malaysia Development Berhad (1MDB).

SEC: Takeover bid of Fortune 500 company Textron was a sham

April 6, 2022
The Securities and Exchange Commission charged Melville ten Cate, a U.S. citizen residing abroad, with fraud stemming from his allegedly phony offer to purchase Textron – a large U.S.-listed aircraft, defense, and industrial company.

Brussels airports fined over temperature checks

April 5, 2022
The Belgian Data Protection Authority (DPA or APD) has imposed a fine of 200,000 euros on Brussels Airport Zaventem, and 100,000 euros on Brussels South Charleroi airport for passenger temperature checks carried out as part of the fight against COVID-19.

Poland's consumer protection office imposed penalties for falsifying composition of clothing

April 4, 2022
President of UOKiK Tomasz Chróstny imposed a total of over PLN 2.1 million ($498,000) in penalties on manufacturers of men\'s formal wear: Kubenz, Recman and Dastan Logistics.

Former Eskom officer, supplier get 20-year sentence

April 1, 2022
Eskom Chief Executive, Andre de Ruyter, says the company is working hard to root out corruption and fraud at the State-owned power utility.

Dutch regulator levies 10th fine on Apple of 50m euros in dating app row

March 29, 2022
On Sunday, March 27, Apple adjusted its proposal concerning compliance with the requirements set by the Netherlands Authority for Consumers and Markets (ACM) under Dutch and European competition rules.

Peters Ice Cream to pay $12 million penalty for anti-competitive exclusive dealing

March 28, 2022
The Federal Court has ordered that Australasian Food Group, trading as Peters Ice Cream, pay a $12 million penalty for anti-competitive conduct in relation to the distribution of ice creams sold in petrol stations and convenience stores, in proceedings brought by the Australian Competition & Consumer Commission (ACCC).

UPS to pay $5.3 million to settle False Claims Act allegations for falsely reporting delivery times

March 22, 2022
The Justice Department announced that United Parcel Service (UPS) has agreed to pay approximately $5.3 million to resolve its potential liability under the False Claims Act for falsely reporting information about the transfer of U.S. mail to foreign posts or other intended recipients under contracts with the U.S. Postal Service (USPS).

Singapore: Former wealth planning manager with DBS Bank gets 10 years prohibition orders

March 18, 2022
The Monetary Authority of Singapore (MAS) has issued ten-year prohibition orders (POs) against Loh Thim Mun Marcus, a former wealth planning manager with DBS Bank.

London & South Eastern Railway Limited (LSER) issued with £23.5 million penalty over breach of contract

March 17, 2022
The UK government has announced that a £23.5 million penalty notice has been issued to LSER following a serious breach of the company’s franchise agreement.

Meta hit by €17 million fine by Irish regulator

March 16, 2022
The DPC in Ireland has adopted a decision, imposing a fine of €17m on Meta Platforms Ireland (formerly Facebook Ireland).
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