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Crime : Page 42

Celltrion companies, others, fined $12.5 million

March 16, 2022
The Financial Services Commission (FSC) imposed a combined fine of 15.4 billion won ($12.5 million) on three listed Celltrion companies, five responsible executives, and their accounting firms that engaged in transfer pricing in violation of accounting rules.

Rio Tinto reached settlement with Australian Securities and Investment Commission

March 10, 2022
Rio Tinto has reached a settlement with the Australian Securities and Investment Commission (ASIC) regarding the disclosure of the impairment of Rio Tinto Coal Mozambique (RTCM), which was reflected in Rio Tinto’s 2012 year-end accounts.

Chevron Phillips Chemical Company agrees to reduce harmful air pollution at three U.S. chemical plants

March 10, 2022
Chevron Phillips Chemical Company has agreed to make upgrades and perform compliance measures estimated to cost $118 million to resolve allegations that it violated the Clean Air Act and state air pollution control laws at three petrochemical manufacturing facilities located in Cedar Bayou, Port Arthur, and Sweeney, Texas.

Pharmaceutical crime: First Interpol-Afripol front-line operation sees arrests and seizures across Africa

March 9, 2022
A pan-African police operation jointly coordinated by Interpol and Afripol has identified hundreds of suspects and resulted in seizures of more than 12 million illicit health products.

Italy: 270 million euros illegal waste ring dismantled

March 9, 2022
Soldiers of the Guardia di Finanza of Turin are executing, as part of the \"FERROMAT\" operation, a precautionary custody order issued by the Judge for the preliminary investigations of the local Court against 33 people suspected of belonging to the accusatory hypothesis, to 3 distinct criminal associations aimed at the illicit trafficking of metal waste and the issuance and use of documents certifying non-existent operations.

Italy: Tax fraud for over 100 million euros in motor vehicle trade sector

March 9, 2022
The military of the Provincial Command of the Guardia di Finanza of Lucca, in the context of an activity aimed at combating tax fraud and related phenomena of economic illegality, concluded a complex and detailed investigation that allowed to refer to the competent Judicial Authorities for territory 45 individuals and 21 companies, as, for various reasons, involved in a turnover, in tax evasion, estimated at over 100 million euros deriving from the sale of more than 6,000 vehicles.

83 million euros seized in Italy from crime in construction sector

March 9, 2022
The Provincial Command of the Guardia di Finanza of Naples has carried out the seizure of 83 million euros as a profit from the crime ordered with an urgent preventive seizure decree issued by the Public Prosecutor\'s Office of Naples and validated by the Judge for Preliminary Investigations at the local Court.

FINRA fines Deutsche Bank Securities $2 million for best execution violations

March 9, 2022
FINRA announced that it has fined Deutsche Bank Securities $2 million for failing to comply with its obligation to seek best execution for its customers’ orders.

Pharmaceutical company fined £51,000 for manufacturing defective medicine

March 3, 2022
Syri has been fined £51,000 and ordered to pay costs of £104,898 by Aylesbury Crown Court.

Former president of China Citic Bank pleads guilty to accepting $155 million in bribes

February 23, 2022
A former president of China Citic Bank Corporation went on trial accused of taking almost one billion yuan in bribes.

Nova Scotia mining company ordered to pay $125K for offence under Fisheries Act

February 22, 2022
On February 3, 2022, Atlantic Mining NS (previously Atlantic Mining NS Corp.) pleaded guilty in the Provincial Court of Nova Scotia to one count of contravening the Fisheries Act.

Largest South Korean telecommunications company KT Corporation to pay SEC to settle FCPA charges

February 21, 2022
The Securities and Exchange Commission announced that Seoul-based KT Corporation will pay $6.3 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) by providing improper payments for the benefit of government officials in Korea and Vietnam.
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