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.... . Malta currently holds the presidency of the European Union, so the allegations are all the more sensitive. ... [Read full article on BBC ]
Thursday 25th of May 2017 09:54:43 PM
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....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. ... [Read full article on Guardian ]
Tuesday 23rd of May 2017 04:18:50 PM
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....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. ... [Read full article on BBC ]
Thursday 25th of May 2017 11:29:00 AM
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Tuesday 23rd of May 2017 08:55:34 AM
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....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. ... [Read full article on Guardian ]
Wednesday 24th of May 2017 02:19:27 PM
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Latest Finance News related to Allegation

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. ...
Swiss 'spied inside German ministry' in tax scandal image
Source : BBC [Read Article] Thursday 4th of May 2017 11:22:21 AM
....German investigators suspect that a mole spied for Swiss intelligence from inside a government office which was trying to catch German tax dodgers. The allegations are part of the case against an alleged Swiss spy arrested in a Frankfurt hotel on Friday, German media report. ...
KPMG's audits of Rolls-Royce accounts probed by regulator image
Source : BBC [Read Article] Thursday 4th of May 2017 08:31:07 AM
....The Financial Reporting Council (FRC) will probe the accountancy giant's oversight of Rolls-Royce's financial statements covering four years. It follows Rolls-Royce's settlement of £671m with the Serious Fraud Office in January over corruption allegations. ...
Accounting watchdog to investigate KPMG over Rolls-Royce audit image
Source : Guardian [Read Article] Thursday 4th of May 2017 07:22:01 AM
....The UK’s accounting watchdog has begun an investigation into KPMG’s audit of Rolls-Royce, after the engineering group settled a bribery case with the Serious Fraud Office earlier this year. Rolls-Royce agreed in January to pay £671m in penalties to settle long-running corruption allegations, in a deferred prosecution agreement. ...
If Barclays CEO is shown the door, let it be for the right reason | Nils Pratley image
.... So what? He’s allowed to offer an opinion in a matter in which Barclays had no role. The other allegation is that Staley encouraged an old friend to invest in Aceco’s debt alongside Nitzan. ...
Barclays chief clashes with private equity firm over family dispute image
....She and her brother Jorge Nitzan sold their stakes in Aceco to KKR in a 2014 deal that valued the company at $700m (£542m) and is said to have made the siblings $240m between them. The deal was KKR’s maiden direct investment in Brazil but went sour in 2015 when the private equity giant fired Nitzan, then Aceco’s chief executive, and wrote off its $475m investment, after an internal investigation into a whistleblower’s allegations of fraud. ...
Niger 'cleared' over Areva uranium deal image
Source : BBC [Read Article] Friday 28th of April 2017 04:54:04 PM
...." . The on-going legal action centres on the allegation that Areva in 2011 bought a stock of uranium from Niger at a discounted price, causing the national treasury to lose money. ...
Job opportunities image
Source : BBC [Read Article] Wednesday 26th of April 2017 11:12:43 PM
....In February, chief executive Travis Kalanick was filmed arguing with one Uber driver over the company's fare structure, while it has faced a string of court cases over its workers' rights. There have been allegations of sexual harassment, and accidents in testing its self-driving cars. ...
Airbus chief in Eurofighter fraud probe image
Source : BBC [Read Article] Wednesday 26th of April 2017 07:47:50 PM
.... . Airbus confirmed that Mr Enders is a subject of the inquiry, adding that the allegations are "completely unsubstantiated. ...
Even Trump's Twitter binges aren't enough to make it worth $11bn | Nils Pratley image
.... The fraud, for which six people were jailed in February, ran from 2003 to 2007, but victims have long argued that Lloyds wouldn’t listen to their complaints after the takeover. That allegation is serious, and an investigation is overdue. ...
Barclays boss’s spy act is a funny old business image
Source : Guardian [Read Article] Sunday 23rd of April 2017 06:00:05 AM
....Firstly, this will be chairman Douglas Flint’s final AGM – although that is hardly a shock as he announced his departure a year ago. Secondly, it is farewell to non-executive director Paul Walsh, who has been pressured by proxy voting groups including ISS and Glass Lewis into stepping down because of “over-boarding” allegations. ...
O’Reilly’s exit shows the sons are rising in the Murdoch empire image
Source : Guardian [Read Article] Sunday 23rd of April 2017 05:59:05 AM
.... But still not massive enough. Now see how the pall of sexual harassment allegations that forced Roger Ailes from the top of Fox News moves on to doom Bill O’Reilly, Fox’s greatest star. ...
'Vijay Mallya can't avoid the law': Herts villagers on 'fugitive' billionaire neighbour image
. Vijay Mallya, the multimillionaire co-owner of the Force India Formula One team and self-proclaimed “King of the Good Times”, does not appear to be preparing for his possible extradition to India to face a fraud trial on allegations over £1bn of unpaid debts. ...
UK bank accounts of Iranian customers still being closed, says law firm image
.... Some banks refuse to explain why, while others cite sanctions against Iran as the main reason. Blackstone Solicitors represents a string of Iranians who have taken high street banks to court over allegations of racial discrimination. ...
Sadly it was money – not morals – that forced Fox to boot Bill O'Reilly | Lucia Graves image
. It would be less accurate to say that Bill O’Reilly’s career ended amid allegations of sexual harassment than to say it ended amid an advertising boycott. ...
Fox forcing out Bill O’Reilly could appease critics of the Sky deal | Graham Ruddick image
. The controversial Fox News host Bill O’Reilly has been dropped from the network after allegations of inappropriate behaviour and sexual harassment, in a development that could have significant implications for the Murdoch empire on both sides of the Atlantic. ...
Fox dumps star presenter Bill O'Reilly image
Source : BBC [Read Article] Wednesday 19th of April 2017 07:28:15 PM
....Presenter Bill O'Reilly has been dropped from Fox News over sexual harassment claims, the company says. "After a thorough and careful review of the allegations. ...
Fox News 'to drop host Bill O'Reilly' after harassment cases image
Source : BBC [Read Article] Wednesday 19th of April 2017 04:25:30 PM
....According to New York Magazine, executives were holding emergency meetings on Wednesday morning to discuss how to get rid of Mr O'Reilly. The presenter, who has been with the network almost since its inception, has denied all of the allegations. ...
Force India F1 team boss Vijay Mallya arrested in London image
Source : Guardian [Read Article] Tuesday 18th of April 2017 12:31:31 PM
. Vijay Mallya, the multimillionaire co-owner of the Force India Formula One team, has been arrested in London on behalf of Indian authorities investigating allegations of fraud in connection with the collapse of Kingfisher Airlines. ...
iRobot sues Hoover and Black & Decker over robo-vacuums image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:13:06 AM
....It sued four German companies over related claims in 2013. Prior to that it sued Robotic FX over allegations the military robotic specialist had stolen trade secrets, which led the Chicago-based company to dissolve in 2007. ...
Microsoft patched 'NSA hack' Windows flaws before leak image
Source : BBC [Read Article] Monday 17th of April 2017 10:27:49 AM
....It is used by about 11,000 financial institutions. The allegation is that third parties - known as Swift Service Bureaus - that provide access to Swift's network were targeted by the NSA, rather than Swift itself. ...
Libor rigging: chancellor urged inquiry into Bank of England allegations image
....Revelations that the rate was rigged at the height of the financial crisis have led to banks being fined hundreds of millions of pounds from a variety of regulators, while bankers from Barclays and UBS have been jailed. In a letter to Hammond released over the weekend, McDonnell said new allegations potentially implicating the Bank of England “demand an immediate response from this government”. ...
United Airlines shows why it's time to deplane corporate-speak image
Source : Guardian [Read Article] Sunday 16th of April 2017 05:59:23 AM
.... Until David Dao was dragged off the US carrier’s flight there was a bright spotlight on Staley and Barclays’s own extraordinary gaffe: trying to find a whistleblower. A quick recap of the Barclays story: when Tim Main was hired to the bank in a senior position, a couple of letters were sent to the board and a senior executive making allegations about his past conduct. ...
Labour plans clampdown on 'sweetheart deals' to close £36bn tax gap image
Source : Guardian [Read Article] Friday 14th of April 2017 11:01:09 PM
....Successive governments, including Theresa May’s administration, have pledged to crack down on multinational companies gaming the international tax system to pay less tax. But accusations persist that some multinationals have been allowed to arrange so-called “sweetheart” deals with firms, including Google, Vodafone and Starbucks, to pay nominal sums to settle investigations into allegations of years of tax avoidance. ...
Here’s how to civilise Uber, and make the other ‘death stars’ work for us too | Deborah Orr image
.... Executive haemorrhage is by no means the company’s only problem. Among many other difficulties is the legal action Google’s parent company, Alphabet, is pursuing, following allegations that one of their former executives stole the research details of their self-driving technology arm, Waymo, and took them to Uber. ...
Hell of a ride: even a PR powerhouse couldn't get Uber on track image
Source : Guardian [Read Article] Friday 14th of April 2017 07:00:27 AM
....The taxi-hailing app had a reputation for aggressive and even underhand tactics, and a CEO, in Travis Kalanick, with a reputation as a gaffe-prone “tech bro”, but it was one of the fastest growing startups in the world, achieving a $50bn valuation (now almost $70bn) within just six years. However Whetstone departed the company this week amid a stunning array of scandals and controversies, including allegations of sexual harassment, a video of Kalanick berating an Uber driver, a legal battle with Google over the alleged theft of driverless car technology, the revelation that Uber used secret “Greyball” software to deceive city regulators, and allegations that the company had another program called “Hell” designed to spy on its arch-rival Lyft. ...
Trade agenda image
Source : BBC [Read Article] Thursday 13th of April 2017 11:17:15 PM
....And just days after meeting President Xi, Mr Trump said his administration would not label China a currency manipulator, rowing back on a campaign promise. China's critics have a wide-ranging list of allegations about unfair practices - subsidies to Chinese industries, dumping underpriced goods, and the theft of patents and copyright. ...
Uber allegedly used secret program to undermine rival Lyft image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:10:45 PM
....A secret Uber program internally dubbed “Hell” allegedly spied on arch-rival Lyft to determine which drivers were working double shifts for both companies, letting the cab-hire app steer more work towards them in an attempt to deprive its competitor of workers. The report of the “Hell” program continues a string of uncomfortable claims for the company, still dealing with the fall-out of a string of sexual harassment allegations at the beginning of the year, and now operating with a brand new head of public policy and communications following the departure of its previous PR chief, Rachel Whetstone, on Tuesday. ...
How Uber conquers a city in seven steps image
Source : Guardian [Read Article] Wednesday 12th of April 2017 03:19:57 PM
.... Uber’s “disruptive” approach has up until now attracted investors like flies, leading to its valuation snowballing to $69bn. However, a string of allegations about sexual harassment, intellectual property theft and driver manipulation have called into question the aggressiveness of its expansion practices. ...
Akzo Nobel faces call to axe chairman amid takeover battle image
Source : BBC [Read Article] Wednesday 12th of April 2017 10:42:40 AM
....Elliott, which has a 3. 25% stake in Akzo, said it would respond to the company's allegations soon. ...
Uber's head of communications quits scandal-hit cab app image
Source : Guardian [Read Article] Wednesday 12th of April 2017 08:49:11 AM
....”. British Whetstone, who in 2003 was appointed Michael Howard’s chief of staff when he became Conservative leader , and is a friend of both David Cameron and George Osborne, also found herself at the centre of a more localised storm following allegations that she used her contacts to secure an advantageous deal for Uber in London. ...
The money machine: how a high-profile corruption investigation fell apart image
Source : Guardian [Read Article] Wednesday 12th of April 2017 05:00:26 AM
.... A transfer had been flagged as suspicious, and British authorities had frozen the account and initiated a money-laundering investigation. “This week the UK’s Serious Fraud Office (SFO) announced that it is investigating allegations of corruption linked to the Yanukovich regime and has obtained a court order to restrain assets valued at approximately $23m,” Grieve told the assembled delegates. ...
Barclays whistleblower case sparks calls for more protection image
Source : Guardian [Read Article] Tuesday 11th of April 2017 11:59:31 AM
....Whistleblowing charities and law firms have called for companies to offer more protection to workers who flag up internal problems after the chief executive of Barclays attempted to track down the author of anonymous letters. Jes Staley is being investigated by financial regulators and faces a significant cut to his pay after admitting trying to unmask a whistleblower who made allegations about a long-term associate he had brought to the bank. ...
Not so friendly skies image
Source : BBC [Read Article] Tuesday 11th of April 2017 09:03:55 AM
.... Look at Samsung, for example. The tech giant has just reported a stellar profit forecast despite facing corruption allegations and the embarrassment of exploding phones. ...
JD Sports' profits boosted by fashion for fitness wear image
Source : BBC [Read Article] Tuesday 11th of April 2017 07:22:03 AM
....A Channel 4 undercover investigation in December quoted workers saying conditions at its Kingsway distribution centre in Rochdale were "worse than a prison". JD Sports denied allegations that it operated a "three strikes" policy before dismissing workers over minor misdemeanours such as being caught with a cigarette lighter or using mobile phones, and that workers were being underpaid. ...
Shell admits dealing with money launderer image
Source : BBC [Read Article] Monday 10th of April 2017 11:36:26 PM
.... . A spokesperson for Goodluck Jonathan told the BBC that no charges or indictments have been brought or secured against the former president relating to this transaction and described the allegations as a "false narrative". ...
BBC to air recording that implicates Bank of England in Libor scandal image
Source : Guardian [Read Article] Monday 10th of April 2017 06:45:56 PM
....The October 2008 conversation between Dearlove and Johnson was first reported in the recently published book on Libor rigging, The Fix, by Gavin Finch and Liam Vaughan. For the Bank of England, the recording returns unwelcome attention to its role during the Libor scandal after it was forced to deal with allegations about pressure on commercial banks during parliamentary hearings almost five years ago. ...
High court approves £129m fine for Tesco over accounting scandal image
Source : Guardian [Read Article] Monday 10th of April 2017 06:18:16 PM
.... Entering into a DPA does not require an admission of wrongdoing. The DPA relates to allegations of false accounting between February and September 2014 against Tesco Stores Limited, a subsidiary of the retailer. ...
City regulators investigate Barclays boss Jes Staley image
Source : BBC [Read Article] Monday 10th of April 2017 06:32:38 AM
.... . "The allegations related to personal issues from many years ago, and the intent of the correspondents in airing all of this was, in my view, to maliciously smear this person. ...
'Punk' beer maker BrewDog sells 22% of firm to private equity house image
Source : Guardian [Read Article] Sunday 9th of April 2017 01:40:17 PM
.... @brewdog is now 22 per cent owned by a major private equity firm. The brewer has also recently battled allegations of behaving just like the big businesses it claims to scorn, after the Guardian revealed that it threatened legal action against two small businesses it said were infringing its trademarks. ...
Ofcom could decide that 100% of Sky is the limit for Murdoch image
Source : Guardian [Read Article] Sunday 9th of April 2017 06:00:00 AM
....Last summer, Roger Ailes, the spin wizard who created Fox News, was finally pushed from his perch. Exit, pursued by escalating allegations of sexual advances and grotesque behaviour. ...
Speedboat among £5.1m of assets seized in tax fraud investigation image
Source : Guardian [Read Article] Wednesday 5th of April 2017 06:53:57 PM
....Dozens of officers raided the couple’s homes in Macclesfield, the Netherlands and Austria in a complex international tax fraud investigation. A 46-year-old woman from Macclesfield was arrested during the raid, and a warrant has been issued for the arrest of a 51-year-old Dutch man in connection with allegations of money laundering and multimillion-pound tax avoidance. ...
Asos chief says warehouse conditions are 'great' despite complaints image
Source : Guardian [Read Article] Tuesday 4th of April 2017 05:13:48 PM
....He said the company would be spending £20m on developing the warehouse in the next 12 months, including putting in a wellness centre and gym for workers as well as new sorting equipment. He said Asos had addressed all the allegations made by the GMB and staff satisfaction had now increased. ...
Serious Fraud Office boss warns big names to play ball – or else image
Source : Guardian [Read Article] Saturday 1st of April 2017 03:00:28 PM
....Getting such well-known British companies to pay huge fines could be construed as a major victory for the SFO, which suffered a setback last year, after City brokers were found not guilty of helping Tom Hayes rig Libor interest rates. Rolls agreed to pay £671m to the SFO and the US Department of Justice over allegations that it bribed middle men around the world between 1989 and 2013. ...
South Africa leaders divided after President Zuma sacks Gordhan image
Source : BBC [Read Article] Thursday 30th of March 2017 10:39:38 PM
....Last October, Mr Gordhan was charged with fraud, but the charges were later dropped. He has described the allegations as politically motivated. ...
Samsung Galaxy S8 hides home button and gains Bixby AI image
Source : BBC [Read Article] Wednesday 29th of March 2017 03:00:35 PM
....4 Jan 2017: Brighter TVs - QLED-branded TVs, laptops and smart skin sensor unveiled at CES tech expo. 17 Feb 2017: Chief arrested - Vice-chairman of Samsung Electronics, Lee Jae-yong, faces bribery allegations. ...
Uber to shut down Denmark operation over new taxi laws image
Source : Guardian [Read Article] Tuesday 28th of March 2017 01:36:28 PM
....If, on the other hand, the judges decide Uber is an “information society service” – essentially, an online platform that connects independent drivers with passengers – it will be free to develop other low-cost and unlicensed services of the kind already banned in many European countries. Uber has also been hit by recent problems in the US following allegations of sexual harassment and the emergence of video of an abuse-filled row between its CEO, Travis Kalanick, and one of the company’s disgruntled drivers. ...
Tesco to pay £129m fine over accounting scandal image
Source : Guardian [Read Article] Tuesday 28th of March 2017 07:16:54 AM
.... Tesco’s case is scheduled to be heard on 10 April. The DPA with Tesco follows a settlement with Rolls-Royce in January that saw the aerospace and defence company agree to pay £671m over allegations that it bribed middlemen around the world between 1989 and 2013. ...
Access to justice was once a worker’s basic right. Now it’s a costly luxury | Aditya Chakrabortty image
.... Its statement reads in part: “We do not tolerate discrimination in the workplace and all claims … are investigated thoroughly. Following extensive investigation of the allegations brought against Cofely Workplace, all claims were denied and Cofely was formally discharged from the proceedings by the court on 24th May 2016. ...
Tesco and Serious Fraud Office near to deal over accounting scandal image
Source : Guardian [Read Article] Monday 27th of March 2017 05:46:01 PM
....The Tesco and Barclays investigations are two of the most high-profile cases ever to face the SFO. The fraud-busting agency has been heavily criticised by politicians in the past for the cost of failed investigations but it recorded a significant victory earlier this year when Rolls-Royce agreed to pay £671m to settle allegations that it bribed middlemen around the world between 1989 and 2013. ...
BrewDog accused of hypocrisy after forcing pub to change name image
Source : Guardian [Read Article] Sunday 26th of March 2017 04:42:58 PM
....The fast-growing Scottish brewer, which has burnished its underdog credentials with vocal criticism of how major brewers operate, recently launched a vodka brand called Lone Wolf. But it threatened legal action against a pub in Birmingham that opened under the same name, prompting allegations of bullying and hypocrisy from within the pubs and brewing community. ...
Viagogo's shady reputation grows as it shuns critics image
Source : Guardian [Read Article] Friday 24th of March 2017 06:02:46 PM
.... It has been criticised for providing a conduit for touts to sell tickets at huge mark-ups to fans despite knowing that they might be denied entry. It was also faced allegations of breaching consumer rights laws and withholding refunds from overcharged customers. ...
Police to examine 'Global Laundromat' money laundering allegations image
Source : Guardian [Read Article] Tuesday 21st of March 2017 06:33:29 PM
....Fraud investigators have launched a review of the activities of Britain’s high street banks following revelations in the Guardian about a $20bn money laundering scam that MPs described as a national disgrace and scandal. Forced to answer urgent questions in the House of Commons, the Treasury minister Simon Kirby announced the Financial Conduct Authority (FCA) and the National Crime Agency (NCA) would be examining allegations that Britain’s banks processed vast amounts of tainted money from Russian criminals without noticing. ...
City minister in right and proper pickle over financial crime image
Source : Guardian [Read Article] Tuesday 21st of March 2017 04:53:03 PM
.... Having recently been relieved of any involvement in Brexit after everyone realised he was hopelessly out of his depth, the Treasury was conducting a process of elimination to discover if there was anything he could do well. On the basis of his answers to an urgent question from Labour on the Guardian’s allegations about British banks processing billions of pounds of dirty Russian money, the answer might well be nothing. ...

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