Crime : Page 97

Reckitt Benckiser to pay record $1.4bn fine over opioid sales

July 11, 2019 Reckitt Benckiser has agreed to pay a $1.4bn fine to settle a US investigation into sales of a treatment for addiction to opioids by its former prescription drugs business Indivior.

SEC charges accountant and friend in $6.2 million insider trading scheme

July 11, 2019 The Securities and Exchange Commission filed insider trading charges against an accountant and her friend, whom she illegally tipped with confidential information in advance of her company’s quarterly performance announcements in exchange for all-expense paid travel and other expensive gifts.

Brazil court convicts Vale for damages caused by deadly dam rupture, $2.89 billion lost

July 10, 2019 A Brazilian state judge convicted mining company Vale SA for damages caused by the deadly rupture of a tailings dam in January that killed at least 240 people.

Cruising company that sent passengers to Madagascar’s plague epidemic to pay fine

July 9, 2019 The Italian Competition Authority imposed a fine of two million euros on Costa Crociere after ascertaining an improper commercial practice.

Czech Republic fines window producers for bid rigging cartel

July 9, 2019 The Chairman of the Office for the Protection of Competition in Czech Republic, Mr. Petr Rafaj, rejected the appeal of the undertakings DAFE-PLAST Jihlava, s.r.o., OFS 2000, s.r.o. and SULKO s.r.o., and confirmed the first-instance decision issued last year imposing the fines of CZK 20 841 000 on these undertakings for a bid rigging cartel agreement.

Commission fines Sanrio €6.2 million for restricting cross-border sales of Hello Kitty

July 9, 2019 The European Commission has fined Sanrio €6.2 million for banning traders from selling licensed merchandise to other countries within the EEA.

American sentenced to 30 years for fraud that led to collapse of one of Puerto Rico’s largest bank

July 6, 2019 A Key Biscayne, Florida, resident and the former CEO and Chairman of a now-bankrupt multinational pharmaceutical company was sentenced to 30 years in prison followed by five years of supervised release for his role his role in a $100 million scheme to defraud Westernbank of Puerto Rico (Westernbank).

Wells Fargo fined in Ireland over reporting breaches, bank says customers not affected

July 5, 2019 The Central Bank of Ireland reprimanded and fined Wells Fargo Bank International Unlimited Company (WFBI) €5,880,000 for serious failings in its regulatory reporting capability and compliance.

CMA directs Barclays to fix banned banking practices

July 5, 2019 The CMA has directed Barclays to improve its practices after the bank broke rules designed to protect small businesses.

Auckland honey exporter fined $372,500 for adding chemichals in honey

July 4, 2019 A former Auckland honey exporter and its operations manager have been fined a total of $372,500 in a landmark case involving the deliberate adulteration of honey in order to pass it off as high value mānuka honey.

Germany fines Facebook $2.3 million under hate speech law

July 3, 2019 German authorities said that they have imposed a 2 million-euro ($2.3 million) fine on Facebook under a law designed to combat hate speech.

Portugal sanctions another firm and its manager for cartel in railway maintenance services

July 1, 2019 The AdC in Portugal imposed fines totalling 300.000,00 euros on Futrifer Indústrias Ferroviárias and one of its managers for participating in a cartel in public tenders in the sector of railway maintenance services.