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....A spokesman for Pepsico, singled out by RAN as “the ultimate snack food 20 laggard”, said “We take this issue very seriously, and we are making significant investments to improve every aspect of our palm oil supply chain. After being informed of the allegations, we immediately initiated a thorough investigation. ... [Read full article on Guardian ]
Friday 21st of July 2017 01:07:23 PM
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....6% stake in the Simandou project to state-owned Chinese metals producer Chinalco. Authorities and the industry have sought to improve governance in a sector that has faced several allegations of illegal payments to secure business in some countries. ... [Read full article on Guardian ]
Monday 24th of July 2017 08:07:02 PM
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. The whiff of scandal around the German car manufacturing industry may be set to intensify, as Volkswagen prepares to hold a top-level meeting to discuss allegations that carmakers colluded to bring down the cost of components – including some used to control diesel emissions. ... [Read full article on Guardian ]
Monday 24th of July 2017 01:46:00 PM
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.... Rydon contacted the University of Leeds, telling them that their lecturer’s work was bringing the university into disrepute, advising them to take their name off Hodkinson’s report. (The university investigated and found no substance to Rydon’s allegation. ... [Read full article on Guardian ]
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Latest Finance News related to Allegation

SFO says it is investigating Rio Tinto over Guinea operations image
Source : Guardian [Read Article] Monday 24th of July 2017 08:07:02 PM
....6% stake in the Simandou project to state-owned Chinese metals producer Chinalco. Authorities and the industry have sought to improve governance in a sector that has faced several allegations of illegal payments to secure business in some countries. ...
VW calls crisis meeting to discuss EU cartel inquiry, source says image
Source : Guardian [Read Article] Monday 24th of July 2017 01:46:00 PM
. The whiff of scandal around the German car manufacturing industry may be set to intensify, as Volkswagen prepares to hold a top-level meeting to discuss allegations that carmakers colluded to bring down the cost of components – including some used to control diesel emissions. ...
Pepsico, Unilever and Nestlé accused of complicity in illegal rainforest destruction image
....A spokesman for Pepsico, singled out by RAN as “the ultimate snack food 20 laggard”, said “We take this issue very seriously, and we are making significant investments to improve every aspect of our palm oil supply chain. After being informed of the allegations, we immediately initiated a thorough investigation. ...
Pensioner left shocked after price of monthly phone contract nearly doubled image
Source : Daily Express [Read Article] Monday 17th of July 2017 11:18:00 AM
....The customers currently slowest to switch are ones with only a landline for calls such as Sheila. Carefree Communications wasn’t too pleased to hear from Crusader, accusing us of being like all reporters, guilty of “bending the truth” and presenting “false allegations”. ...
Aramco may be big, but fawning to Saudis diminishes London image
Source : Guardian [Read Article] Sunday 16th of July 2017 06:00:14 AM
.... It would also have been acceptable to create a purely “sovereign” label and keep Aramco well away from the “premium” club. Instead, the FCA has exposed the London market to the allegation that a whiff of foreign money can produce favourable rulings. ...
A weighty issue: is there something fishy about tins of tuna? image
Source : Guardian [Read Article] Saturday 15th of July 2017 06:00:45 AM
....”. This is the first time anyone has approached Guardian Money with allegations about underperforming tins of tuna. ...
Ofcom made serious errors over Murdoch Sky bid, say high-profile MPs image
Source : Guardian [Read Article] Friday 14th of July 2017 03:31:40 PM
.... Fox is controlled by Rupert Murdoch and his sons, Lachlan and James. The MPs say that the media regulator did not properly consider allegations of sexual harassment at Fox News and the phone-hacking scandal at the News of the World as part of a review into whether a combined Fox and Sky would be committed to meeting broadcasting standards. ...
Rupert Murdoch will not offer new Sky deal to culture secretary image
Source : Guardian [Read Article] Thursday 13th of July 2017 03:18:55 PM
....As the timeline for scrutinising the deal extends, Fox may also run into issues as the spectre of the phone-hacking scandal returns with the Sun facing a new trial later this year. And the Murdochs have come under pressure as allegations of sexual harassment have blown up at Fox News in the US – which have so far claimed the jobs of the late chief executive Roger Ailes, co-president Bill Shine and top presenter Bill O’Reilly. ...
Thousands of drivers suffer loss of power following VW emissions 'fix' image
Source : Guardian [Read Article] Wednesday 12th of July 2017 03:02:18 PM
....VW has so far refused to compensate those affected in the UK and has vowed to fight the legal action. Last month it also faced fresh allegations that the the “fix” for affected cars may not make a difference in the real world, following a leak of internal documents in German media. ...
Threats, bullying, lawsuits: tobacco industry's dirty war for the African market image
....Concerns have been raised about links between politicians and the tobacco companies. “There are allegations of some of them having been bribed in the past,” said Joel Gitali, chief executive of the Kenya Tobacco Control Alliance. ...
British PR firm Bell Pottinger apologizes for South Africa campaign image
Source : Guardian [Read Article] Monday 10th of July 2017 07:42:03 PM
....This time, it worked on a campaign to raise awareness about what was termed “economic apartheid”, representing Oakbay, a company owned by the family of Indian businessmen thought to hold the levers of power in Jacob Zuma’s government. Critics say the purpose of the campaign was to deflect attention from allegations of corruption surrounding the South African president, and that the PR firm has “left deep scars” in the country’s social fabric. ...
G4S awarded £25m government contract despite fraud inquiry image
Source : Guardian [Read Article] Monday 10th of July 2017 04:50:36 PM
.... A three-year attempt to develop a “bespoke” GPS tag by the justice ministry was abandoned in 2016. An SFO investigation into allegations of overcharging in the main electronic monitoring contracts of offenders in England and Wales began in 2013, when a general ban was imposed on G4S and a second company, Serco, bidding for any government work. ...
Carillion has paid a heavy price for too many risky contracts | Nils Pratley image
....Sam Woods, a deputy governor of the Bank of England, didn’t express himself so bluntly, but his warning that financial firms are engaged in games of “pure regulatory arbitrage” is serious. The allegation is that some banks and building societies (though he named no names) are obeying the letter of the rulebook but circumventing its spirit. ...
Spotify denies filling popular playlists with 'fake artists' image
Source : Guardian [Read Article] Monday 10th of July 2017 09:39:31 AM
....Spotify has denied filling its most popular playlists with “fake artists”, after it was accused of creating songs to bulk out its most popular ambient playlists at low cost to itself. The allegation, first made by industry website Music Business Worldwide and brought to wider attention by culture publication Vulture, is that some playlists on Spotify are full of bands with no public profile, few songs, but millions of song plays – all as a result of their position on the service. ...
'Battle mood' EU threatens bourbon whiskey in US steel trade row image
Source : Guardian [Read Article] Friday 7th of July 2017 11:17:26 AM
....1bn), according to the European Steel Association. EU officials insisted they were happy to examine allegations of Chinese steel dumping, but could not endorse any unilateral measures, even if only trained on China. ...
UK workers earning £2.50 an hour prompts call for government action image
Source : Guardian [Read Article] Thursday 6th of July 2017 09:00:07 PM
....50 an hour and can be cancelled at any moment. The allegations are detailed in the latest report by the former work and pensions committee chair, Frank Field MP, into the gig economy, where people work flexible hours on short-term or freelance contracts without the rights of permanent employees. ...
Mike Ashley tells high court: I'm a power drinker, I like to get drunk image
....”. Ashley is defending himself against allegations that during a “night of heavy drinking” in January 2013 he agreed to pay Blue £15m if Sports Direct’s shares doubled to £8. ...
British Gas investigated over switching fees image
Source : BBC [Read Article] Thursday 6th of July 2017 09:11:18 AM
....Those planning a switch before a fixed-term deal expires can do so for free for up to 49 days before the deal ends. But Ofgem is to examine allegations that British Gas told some customers they would have to pay a termination fee within that period. ...
Six new things we know about Mike Ashley image
Source : BBC [Read Article] Wednesday 5th of July 2017 08:12:56 PM
....But in addition to the hard-drinking culture described in Mr Blue's evidence, we got some fascinating insights into how Mr Ashley does business. The Derbyshire village of Shirebrook is home to Sports Direct's vast warehouse, the scene of many allegations of exploitative working practices in the past. ...
HMRC wins Rangers 'big tax case' ruling image
Source : BBC [Read Article] Wednesday 5th of July 2017 04:12:59 PM
....Former Rangers chairman Sir David Murray said he was "hugely disappointed" with the verdict, which he said ran counter to the legal advice which was consistently provided to Rangers Football Club. He said: "It should be emphasised that there have been no allegations made by HMRC or any of the courts that the club was involved in tax evasion, which is a criminal offence. ...
Mike Ashley: former colleague is trying to extort millions over 'banter' image
.... Blue told the court on Monday that Ashley once got so drunk during a drinking competition at one meeting that he vomited into a fireplace. Responding to Blue’s allegations that he often conducted senior management meetings in pubs, hotels and casinos, Ashley said: “It’s a drink after work. ...
Jeremy Corbyn attacks use of zero-hours contracts at Glastonbury image
Source : Guardian [Read Article] Wednesday 5th of July 2017 02:01:38 PM
....Reports claim hundreds of workers were hired from other EU countries to work as litter pickers – with many finding themselves unexpectedly dismissed after just two days’ work. Asked about the allegations, Corbyn’s spokesman said: “Jeremy and the Labour party have taken a very strong stand against the use of zero-hours contracts, and the exploitation of migrant and other workers, and the spread of all manner of insecure agency working, and we would take that view wherever it happened. ...
Lloyds and the FCA must give full story on HBOS Reading fraud | Nils Pratley image
.... How were those complaints handled, and by whom?. The allegation – heard consistently over the years, and very loudly since sentences were passed in February – is that Lloyds tried to cover up the fraud and was deaf to the victims’ arguments. ...
Mike Ashley 'paid ex-Sports Direct chief secret £1m-a-year bonus' image
Source : Guardian [Read Article] Tuesday 4th of July 2017 04:57:10 PM
....The sportswear tycoon is also alleged to have personally paid Forsey a secret £5m bonus – on top of a another publicly declared £5m company bonus – for his role in helping Sports Direct float on the stock market and turn Ashley into a billionaire in 2007. The allegations of secret payments were made by a former banker who is suing Ashley in the high court for allegedly reneging on a £15m payment said to have been agreed over a boozy session in a London pub. ...
Carlsberg buys London Fields Brewery image
Source : Guardian [Read Article] Monday 3rd of July 2017 05:39:11 PM
....The beer firm in Hackney, east London, which built a cult following for brews such as Easy IPA and Shoreditch Triangle IPA, is the latest in a string of “craft” breweries to be bought by a multinational firm, joining ABInBev-owned Camden and Meantime, now owned by Asahi. But the deal was struck in unique circumstances, with the brewery having been on the market for £1m since last year after founder Jules De Vere Whiteway-Wilkinson was charged with several counts of tax fraud, allegations which he denies. ...
The Guardian view on Murdoch’s Sky takeover: not a done deal | Editorial image
.... It was not until last year that a string of sexual harassment accusations saw Mr Ailes depart. A few months later, Mr O’Reilly left after similar allegations emerged, amid bad publicity and a fall in advertising. ...
Ofcom has concerns about Murdoch power in UK if Sky bid allowed image
Source : Guardian [Read Article] Thursday 29th of June 2017 06:55:06 PM
.... It also hints at the concessions that the Murdochs could offer to push the deal through. A separate report by Ofcom clears the Murdochs and Fox as being “fit and proper” to hold a UK broadcasting licence despite the regulator expressing concern about “extremely serious and disturbing” allegations of harassment at Fox News. ...
The Tories must rein in Rupert Murdoch and block the Sky deal | Tom Watson image
....James Murdoch is named in a number of civil cases that allege phone hacking and “blagging” took place at the Sun. He is likely to take the stand as early as September to answer allegations that senior executives ordered the deletion of emails that could have proved the veracity of the claims against the newspaper. ...
Rupert Murdoch's Sky bid is now very likely to succeed image
Source : Guardian [Read Article] Thursday 29th of June 2017 03:01:16 PM
.... Media regulator Ofcom looked at the sexual harassment scandals at Fox News in the US and decided they are not a problem, takeover-wise. The allegations amount to “significant corporate failure” but Sky would still be a fit and proper organisation to hold a broadcast licence under 100% ownership by Fox. ...
Labour MPs warn ministers against ‘grubby deal with Murdochs’ over Sky image
....However, the Murdochs did clear one major hurdle in their attempt to buy Sky after Ofcom concluded they were “fit and proper” owners of Sky’s UK broadcasting licence. The regulator said that phone hacking at the News of the World and allegations of sexual and racial harassment at Fox News had amounted to significant corporate failure at the Murdochs companies – but this was not enough to prevent them from holding a broadcasting licence. ...
Sky's the limit? How broadcaster has fared over three decades image
Source : Guardian [Read Article] Thursday 29th of June 2017 11:05:49 AM
.... The watchdog is tasked with investigating whether the deal gives Rupert Murdoch too much control of UK news media and whether Fox, which owns the rightwing Fox News channel, will adhere to existing standards of accuracy and impartiality once it takes full control of broadcasting assets including Sky News. Separately, Ofcom launches an investigation to establish whether the Murdoch family are “fit and proper” owners of Sky after the phone-hacking scandal and sexual harassment allegations that have emerged at Fox News in the US. ...
Uber's scandals, blunders and PR disasters: the full list image
Source : Guardian [Read Article] Tuesday 27th of June 2017 11:14:33 PM
.... The company blamed red-light issues on “human error”, but the New York Times later claimed that the company’s statements were false and that the autonomous technology failed. Uber was forced to pay $20m to settle allegations that the company duped people into driving with false promises about earnings. ...
Murdoch's Sky takeover bid: culture secretary's verdict due this week image
....When the proposed takeover was announced last December James Murdoch, the chief executive of Fox and chair of Sky, bullishly said the company would not have to make any “meaningful concessions” to complete the takeover. However, since then the Murdochs have come under pressure as allegations of sexual harassment have blown up at Fox News in the US – which have so far claimed the jobs of the late chief executive Roger Ailes, co-president Bill Shine and top presenter Bill O’Reilly. ...
Frustrated homebuyers in a fight to the finish with Bovis image
Source : Guardian [Read Article] Saturday 24th of June 2017 06:00:00 AM
....”. Other allegations on the Facebook group include shoddy painting or plastering, faulty plumbing, cracks in tiles or brickwork, the wrong fittings being installed, creaking and moving floors and more serious structural issues. ...
The Guardian view on Uber after Kalanick: only window dressing? | Editorial image
....One early win for consumer pressure was the success of a #deleteUber campaign in protest at the company’s top-level backing for President Trump. Then, after Susan Fowler’s allegations unleashed a flood of similar horror stories, the former attorney general Eric Holder was asked to report on corporate culture. ...
Fox’s £11.7bn bid for Sky ‘should be referred to competition authorities’ image
....Analysts speculate that Ofcom is likely to raise some issues with the takeover – in particular regarding Sky News – but if that is the case, that Fox is expected to offer lesser concessions, such as suggesting that Sky News will have an independent editorial board. Campaigning groups also say allegations of sexual harassment at Fox News in the US – which have so far claimed the jobs of the late chief executive Roger Ailes, co-president Bill Shine and top presenter Bill O’Reilly – mean that the UK takeover should be blocked. ...
Bosses under fire for telling staff to vote Tory or risk losing jobs image
Source : Guardian [Read Article] Monday 12th of June 2017 04:05:44 PM
....He said Labour and the Liberal Democrats would crack down on controversial fixed-odds betting terminals (FOBTs), which make up more than half of bookmakers’ revenues. Both parties pledged in their manifestos to reduce the maximum stake from £100 to £2 over allegations, disputed by the bookmaking industry, that the machines are particularly addictive. ...
How low does Uber have to go before we stop using it? image
Source : Guardian [Read Article] Thursday 8th of June 2017 01:27:04 PM
....You could see that this spring, when Uber leapt headfirst into a sexual harassment scandal from which it is still attempting to extract itself. First one employee, then a trickle, then a flood, came forward with allegations that the company’s working environment was hostile to women, and that HR simply didn’t care. ...
Why Uber's latest scandal shows the need for a whole new board image
Source : Guardian [Read Article] Thursday 8th of June 2017 12:37:02 PM
.... The findings of a second inquiry on Uber’s wider culture, led by former US attorney general Eric Holder, are due to be announced next week. Through all the scandals, including allegations that Uber used secret software to fool law enforcement officers, supposedly independent directors such as Arianna Huffington, the most visible, have stood by Kalanick. ...
Uber executive 'had no reason to obtain rape victim's medical records' image
....Alexander reportedly gained access to, and shared the records on the suspicion that the case might have been fabricated by one of Uber’s rivals in the Indian market, the Bangalore-based ridesharing service Ola. After reporters from Recode began investigating the allegations, Uber announced that Alexander no longer worked for the company. ...
Uber fires more than 20 employees after sexual harassment investigation image
Source : Guardian [Read Article] Wednesday 7th of June 2017 03:52:01 AM
....The identities of the terminated employees have not been revealed, although the Guardian has learned that some senior executives were among them. The terminations follow an investigation carried out by the law firm Perkins Coie in the wake of allegations of sexual harassment made by Susan Fowler, a former Uber engineer who published a viral account of sexual harassment and discrimination at the company. ...
Uber fires 20 staff after harassment investigation image
Source : BBC [Read Article] Tuesday 6th of June 2017 07:14:58 PM
....Uber has been under fire over its treatment of women staff since a former employee wrote a scathing blog post about her experience. It led to two investigations and the uncovering of 215 complaints about harassment and other allegations. ...
Qatar row: Calls for diplomatic talks to end Gulf crisis image
Source : BBC [Read Article] Tuesday 6th of June 2017 04:03:56 AM
....The Financial Times also reports that Gulf allies were angry that Qatar paid a $1bn (£773m) ransom to jihadists and Iranian security officials after Qatari nationals were kidnapped in Iraq and Syria. Saudi Arabia, too, has been accused of funding IS, either directly or by failing to prevent private donors from sending money to the group - allegations it denies. ...
Qatar row: Five countries cut links with Doha image
Source : BBC [Read Article] Monday 5th of June 2017 07:13:41 AM
....Qatar, which is due to host the football World Cup in 2022, was critical of the decision, in comments broadcast on Al Jazeera. "The measures are unjustified and are based on claims and allegations that have no basis in fact," Al Jazeera quoted the foreign ministry as saying. ...
Putin scorns US claims over Trump-Russia ties image
Source : BBC [Read Article] Friday 2nd of June 2017 11:58:17 AM
....Mr Putin again denied Russian meddling in the election that Mr Trump won. The allegations of Russian interference in the presidential election were "harmful chatter" detrimental to international relations, security and the fight against terrorism, he said. ...
Brazil emerges from recession as GDP grows 1% image
Source : BBC [Read Article] Thursday 1st of June 2017 01:32:47 PM
....Stock markets plummeted last month after a taped conversation was leaked in which the president seemed to discuss the payment of hush money to a jailed politician. Mr Temer has denied the allegations, saying the tape had been "manipulated" but there have been growing calls for his resignation. ...
Spain's top anti-corruption prosecutor quits over Panama link image
Source : Guardian [Read Article] Thursday 1st of June 2017 01:21:08 PM
....Next month, the PP leader will become the first acting prime minister to appear in court as a witness since Spain’s return to democracy when he is called to the Gürtel case. The case – which centres on allegations of a kickbacks-for-contracts scheme involving businessmen and several senior PP members – has been billed as the trial of the year. ...
Another Uber executive quits but losses improve image
Source : BBC [Read Article] Thursday 1st of June 2017 11:41:41 AM
.... . In recent months Uber has been shaken by scandals, high-profile sackings and allegations of sexism. ...
Brazil meat-packing giant JBS to pay record $3.2bn corruption fine image
.... The number of people embroiled in it continues to rise. The country's Supreme Court has approved an investigation into the allegations against the president. ...
Undercover activist detained at Ivanka Trump shoe supplier image
Source : BBC [Read Article] Wednesday 31st of May 2017 05:30:37 AM
.... . CLW said Mr Hua was detained in Jiangxi province on suspicion of illegally using eavesdropping equipment but that this allegation had "no factual basis". ...
Ukraine raids offices of 'Russian Google' image
Source : BBC [Read Article] Tuesday 30th of May 2017 05:02:57 PM
....". It added that the company had "always fiercely protected" users' data privacy: "The allegations that our employees were transmitting personal data to Russian security forces have no merit. ...
Tesco boss named as witness in fraud case against former directors image
Source : Guardian [Read Article] Tuesday 30th of May 2017 12:58:27 PM
.... The three men could face up to 10 years in prison if found guilty of fraud and seven years for false accounting. The allegations relate to accounts records at Tesco which the company said left a hole of up to £326m. ...
Petrofac executive suspended amid fraud probe image
Source : BBC [Read Article] Thursday 25th of May 2017 11:29:00 AM
....Shares in Petrofac have dived almost 30% after the oilfield services firm suspended its chief operating officer Marwan Chedid amid a fraud inquiry. The Serious Fraud Office is probing the firm over allegations of "bribery, corruption and money laundering" relating to oil contractor Unaoil. ...
'I spit on you again': Russian billionaire renews tirade against Putin rival image
....Navalny, who has announced his intention to stand against Putin in presidential elections next year, made a video earlier this year accusing the prime minister, Dmitry Medvedev, of in effect receiving bribes from a number of businessmen, including Usmanov. Usmanov has promised to take Navalny to court over the bribery allegations, which he denies, and has also begun an online offensive against the opposition politician. ...
Bank of England governor falls for email prank but maintains his composure image
....Carney appeared to exercise more caution than Staley, who responded to emails sent by a “John McFarlane”, the name of the Barclays chairman. The email exchange showed Staley being told “you owe me a large Scotch” after the bank’s difficult annual general meeting, in which the chairman repeatedly defended the chief executive over the latter’s attempts to unmask a whistleblower who had been making allegations about the previous conduct of a new recruit in the US. ...
Sean FitzPatrick cleared as Anglo Irish trial collapses image
Source : BBC [Read Article] Tuesday 23rd of May 2017 01:04:32 PM
....He became an admired and influential figure, at one stage acting as an unofficial advisor to Prime Minister Brian Cowen. But in 2008, he was forced to resign amid allegations about the true size of his personal borrowings from the bank. ...
RBS settlement has left business couple feeling 'gutted' image
Source : BBC [Read Article] Thursday 18th of May 2017 01:48:53 PM
....London and Westcountry's debt was later sold on to another company, Isobel Assetco - 75% owned by RBS - which appointed administrators in 2012. RBS strongly contests the allegation that it caused London and Westcountry to fail, arguing in court papers that the business had prior experience of interest rate hedging products. ...
Roger Ailes: Fox News founder dies at 77 image
Source : BBC [Read Article] Thursday 18th of May 2017 01:25:13 PM
....Indeed, Trump's election owes a huge debt to the crusading, aggressive, and often conspiratorial agenda of Ailes' network. Yet last summer he left amid huge controversy, earning tens of millions of dollars in a payout after allegations of sexual harassment were launched against him by former employees. ...
Tesla factory workers reveal pain, injury and stress: 'Everything feels like the future but us' image
....”. In February, Tesla worker Jose Moran published a blogpost that detailed allegations of mandatory overtime, high rates of injury and low wages at the factory, and revealed that workers were seeking to unionize with the United Auto Workers. ...
Channel 4 executive who poached Bake Off favourite to land top job image
Source : Guardian [Read Article] Thursday 18th of May 2017 06:00:18 AM
.... The day after Hunt arrived, in January 2011, Miriam O’Reilly won her age discrimination case against the BBC after she was dropped from Countryfile when Hunt was still controller of BBC1. Hunt had appeared before an employment tribunal and given an impassioned defence against the allegations and accusations that she “hated women”. ...
Dow Jones falls more than 370 points as Trump controversy rattles markets image
.... Financial stocks, which had soared in the months since the election, slumped the most as bond yields declined and traders piled into utilities, gold and other traditional safe-haven assets. Investors are questioning whether Trump’s agenda can remain on track in light of the growing questions and allegations playing out in the media, said Quincy Krosby, a market strategist at Prudential Financial. ...
VW emissions: bosses face investigation over claims they misled investors image
....”. Fiat Chrysler has previously rejected the allegations against it, saying that it “believes that its emission control systems meet the applicable requirements”. ...
Buy-to-let millionaire who bans 'coloured' people faces legal action image
Source : Guardian [Read Article] Wednesday 17th of May 2017 02:20:13 PM
....”. The EHRC is also investigating allegations that Wilson has banned “battered wives” and people on zero-hours contracts from renting his properties. ...
VW chief Matthias Mueller probed over emissions scandal image
Source : BBC [Read Article] Wednesday 17th of May 2017 09:57:50 AM
....As a rule, executives are expected to keep investors updated as soon as potentially price-sensitive information comes to light. Porsche SE said the allegations were unfounded, adding it had complied with disclosure rules. ...
Anti-corruption police investigate UK firm over ex-Nigerian warlord deal image
....Investigators in the UK, the US, Nigeria, and Norway are scrutinising Cas-Global after it was alleged that the firm paid a bribe to a Norwegian official as part of the sale of seven decommissioned naval vessels. The case has not yet been resolved but is set to take a significant turn on Tuesday when the verdict in the first court case arising out of the allegations is due to be announced in Oslo. ...
Barclays boss Jes Staley fooled into email exchange with prankster image
Source : Guardian [Read Article] Thursday 11th of May 2017 07:05:50 PM
....45pm on Wednesday. The email exchange shows Staley being told “you owe me a large Scotch” after the AGM, in which the chairman repeatedly defended the chief executive over the latter’s attempts to unmask a whistleblower who had been making allegations about the previous conduct of a new recruit in the US. ...
New Uber blow as European legal adviser says service should be licensed like taxis image
....”. A wave of recent executive departures has piled more pressure on Uber, following allegations of sexual harassment and the emergence of video of an abuse-filled row between its chief executive, Travis Kalanick, and one of the company’s disgruntled drivers. ...
Chinese hackers must pay $9m over insider trading scam image
Source : BBC [Read Article] Thursday 11th of May 2017 12:04:50 PM
....The trio then bought shares in listed companies ahead of announcements about their merger plans - something that often causes stock to jump. In a judgement on 5 May, the Southern District of New York said the accused had accepted liability by failing to respond to the allegations. ...
21st Century Fox hit by lack of blockbusters image
Source : BBC [Read Article] Wednesday 10th of May 2017 09:14:26 PM
....Advertising at its US cable networks was also flat. Dozens of advertisers abandoned the conservative Fox News channel this year amid allegations of sexual harassment and mismanagement, an issue that led to the departure of former chairman Roger Ailes and its highest-rated presenter, Bill O'Reilly. ...
Barclays chief apologises to shareholders over whistleblowing incident image
Source : Guardian [Read Article] Wednesday 10th of May 2017 06:26:33 PM
....Jes Staley, the chief executive of Barclays under fire for his attempts to unmask a whistleblower, has admitted to hundreds of shareholders that he made a mistake and has issued a personal apology for his behaviour. The American banker told 460 investors at Barclays’ AGM that he had made an error in trying to reveal the identity of the individual making allegations about the previous conduct of a newly hired executive in the US. ...
Barclays CEO sees no reason for Brexit jobs shift to Europe image
Source : Guardian [Read Article] Wednesday 10th of May 2017 12:12:29 PM
....At the meeting shareholders raised questions about an investigation into Staley’s attempts to unmask a whistleblower and one investor called on the American banker to resign. Another asked what he had intended to do if had been successful in his attempts to uncover the identity of the individual who made allegations about the previous conduct of Tim Main, who worked with Staley at JP Morgan and who Staley recruited to Barclays in a senior role last June. ...
'Block Fox bid for Sky', says ex-guest claiming harassment image
....Wendy Walsh's legal team says the deal would allow Fox to bring a "culture of sexual and racial harassment" to the UK. The company said it has addressed the allegations and made fundamental changes. ...
Bill O’Reilly accuser to meet Ofcom as Fox News scandal threatens Sky deal image
.... The psychologist and radio host claims that after she declined the invitation she lost her regular segment on Fox. Walsh and Lisa Bloom, a lawyer representing Walsh and other women who have made allegations against O’Reilly, are to meet the UK media regulator on Monday. ...
Société Générale to pay £815m to settle Libyan lawsuit image
Source : Guardian [Read Article] Thursday 4th of May 2017 01:57:33 PM
.... Last year the LIA lost a $1. 2bn claim against Goldman Sachs that included allegations of Goldman bankers paying for prostitutes, private jets and five-star hotels to win business from the Libyan sovereign wealth fund. ...

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