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Crime : Page 85

Australia fines Purdue Pharma affiliate Mundipharma Australia over misleading advertising

December 24, 2019
Mundipharma Australia, the international affiliate of OxyContin maker Purdue Pharma, was ordered to pay penalties of 302,400 Australian dollars ($209,000) by the Therapeutic Goods Administration over its promotion of the opioid Targin, the drug regulator said in a statement.

Watchdog slaps $5 million euros fine on Telenor Hungary

December 21, 2019
The Hungarian competition watchdog GVH imposed a 5.45 million euros fine on Telenor Hungary for misleading commercial practices.

France Telecom suicides: Ex-CEO Didier Lombard, other executives jailed

December 20, 2019
The ex-boss of France Télécom and two former executives have been jailed over a moral harassment policy linked to suicides among employees in the 2000s.

Westpac ordered to pay $9.15 million fine for 22 breaches of Corporations Act

December 20, 2019
The Federal Court of Australia has ordered Westpac Banking Corporation to pay a penalty of $9.15 million in respect of 22 contraventions of section 961K of the Corporations Act (the Act), and to pay ASIC’s costs of the proceeding.

MetLife to pay $10 million fine for longstanding internal control failures

December 20, 2019
The Securities and Exchange Commission charged MetLife, Inc. with violating the books and records and internal accounting controls provisions of the federal securities laws relating to two errors in its accounting for reserves associated with its annuities businesses.

SNC-Lavalin fined for bribes to Libyan officials

December 19, 2019
SNC-Lavalin was fined CAN$280 million stemming from bribes made to Muammar Gaddafi’s Libyan regime from 2001 to 2011.

Daimler to pay $20 million fine over U.S. vehicle recalls

December 19, 2019
Mercedes-Benz USA has agreed to a $20 million civil penalty over its handling of U.S. vehicle recalls after a year-long U.S. government investigation into 1.4 million recalled vehicles.

Big banks settle Fannie Mae, Freddie Mac bond rigging litigation in U.S.

December 18, 2019
Thirteen prominent banks and financial services companies agreed to pay $337 million to resolve claims by investors that they conspired to rig prices of bonds issued by mortgage companies Fannie Mae and Freddie Mac for a decade.

Samsung chairman Lee Sang-hoon sentenced to 18 months in jail

December 18, 2019
The chairman of Samsung Electronics\'s board Lee Sang-hoon was convicted of violating South Korean labor union laws and sentenced to 18 months in jail.

SEC charges former Goldman Sachs executive Tim Leissner with FCPA violations

December 17, 2019
The Securities and Exchange Commission announced charges against former Goldman Sachs Group Inc. executive Tim Leissner for engaging in a corruption scheme, by which he obtained millions of dollars by paying unlawful bribes to various government officials to secure lucrative contracts for Goldman Sachs.

Bundeskartellamt fines steel manufacturers for quarto steel plate cartel

December 13, 2019
The Bundeskartellamt has imposed fines totalling around 646 million euros on Ilsenburger Grobblech GmbH, thyssenkrupp Steel Europe AG and voestalpine Grobblech GmbH as well as three individuals responsible for exchanging information on and agreeing certain price supplements and surcharges for quarto plates in Germany.

U.S. fines HSBC’s private Swiss banking arm

December 12, 2019
HSBC Holdings’s Swiss private banking arm has agreed to fork over nearly $200 million in unpaid taxes, improper fees and fines after confessing to helping Americans evade federal taxes, the U.S. Department of Justice announced.
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