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....Jones is the latest in a string of high-level executives to leave the company. Last month, engineering executive Amit Singhal was asked to resign amid a sexual harassment allegation stemming from his previous job at Alphabet Inc’s Google. ... [Read full article on Guardian ]
Sunday 19th of March 2017 11:27:43 PM
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....”. Another echo of the dotcom era is what Dinan calls “bad habits” such as the allegations of sexual harassment at Uber and human resources startup Zenefits cheating on mandatory compliance training. ... [Read full article on Guardian ]
Friday 17th of March 2017 07:02:02 AM
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....Uber president Jeff Jones left the taxi-hailing firm after just six months in the job because working at Uber was incompatible with his values, he said. Jones’s departure is the latest blow to the San Francisco-based company, after revelations of a secret programme to evade law enforcement, allegations of workplace discrimination and sexual harassment, and a string of departures of high-level executives. ... [Read full article on Guardian ]
Monday 20th of March 2017 09:15:56 AM
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. The authorities in Brazil suspended 33 government officials amid allegations that some of the country's biggest meat processors have been selling rotten beef and poultry for years. ... [Read full article on BBC ]
Friday 17th of March 2017 08:21:35 PM
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....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. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 06:33:29 PM
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. Some of the biggest consumers of Brazilian meat have suspended imports over allegations that companies have been selling unsafe produce for years. ... [Read full article on BBC ]
Monday 20th of March 2017 08:39:48 PM
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. The Kremlin has denied allegations by US authorities that the FSB intelligence agency was involved in a huge data breach affecting Yahoo. ... [Read full article on BBC ]
Thursday 16th of March 2017 12:50:43 PM
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....Nick Pollard, an Ofcom board member and former Sky News chief, has excused himself from the Fox investigation process. Pollard, who led the inquiry into the failure of BBC2’s Newsnight to broadcast an investigation into allegations of sexual abuse against Jimmy Savile, worked at Sky from 1996 to 2006. ... [Read full article on Guardian ]
Thursday 16th of March 2017 11:35:05 AM
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....Controversial ticket resale website Viagogo was accused of “naked mis-selling and fraud”, as it delivered an almost unprecedented snub to MPs by failing to show up for a select committee hearing. MPs on the department for culture, media and sport committee heard allegations from music industry figures and fans about Viagogo, which allows touts to advertise tickets for huge mark-ups even before they go on sale, in return for a cut of up to 25% of the selling price. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 10:57:46 AM
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....His lawyer said the payments in question were organised by his father without Shin Dong-bin's involvement, according to Reuters. The Lotte Group has said most of the allegations aren't directly linked to him as they involve events during the time his father was in charge. ... [Read full article on BBC ]
Tuesday 21st of March 2017 09:11:15 AM
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Latest Finance News related to Allegation

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. ...
Viagogo snubs MPs' inquiry into online ticket reselling image
Source : Guardian [Read Article] Tuesday 21st of March 2017 10:57:46 AM
....Controversial ticket resale website Viagogo was accused of “naked mis-selling and fraud”, as it delivered an almost unprecedented snub to MPs by failing to show up for a select committee hearing. MPs on the department for culture, media and sport committee heard allegations from music industry figures and fans about Viagogo, which allows touts to advertise tickets for huge mark-ups even before they go on sale, in return for a cut of up to 25% of the selling price. ...
K-Drama image
Source : BBC [Read Article] Tuesday 21st of March 2017 09:11:15 AM
....His lawyer said the payments in question were organised by his father without Shin Dong-bin's involvement, according to Reuters. The Lotte Group has said most of the allegations aren't directly linked to him as they involve events during the time his father was in charge. ...
Brazil meat scandal: China and EU suspend imports image
Source : BBC [Read Article] Monday 20th of March 2017 08:39:48 PM
. Some of the biggest consumers of Brazilian meat have suspended imports over allegations that companies have been selling unsafe produce for years. ...
Uber president quits firm saying its values are 'inconsistent' with his image
....Uber president Jeff Jones left the taxi-hailing firm after just six months in the job because working at Uber was incompatible with his values, he said. Jones’s departure is the latest blow to the San Francisco-based company, after revelations of a secret programme to evade law enforcement, allegations of workplace discrimination and sexual harassment, and a string of departures of high-level executives. ...
Uber faces further turmoil as company president Jeff Jones quits image
Source : Guardian [Read Article] Sunday 19th of March 2017 11:27:43 PM
....Jones is the latest in a string of high-level executives to leave the company. Last month, engineering executive Amit Singhal was asked to resign amid a sexual harassment allegation stemming from his previous job at Alphabet Inc’s Google. ...
'Brothers bling': lawsuit puts Nick and Christian Candy in spotlight image
Source : Guardian [Read Article] Saturday 18th of March 2017 09:00:35 AM
.... They have refused to blink, preferring to battle on until the bitter end. The allegations have drawn in an extraordinary cast of characters, from the pop star Katy Perry and the Queen’s grandchildren, Princesses Beatrice and Eugenie, all of whom attended Nick’s wedding, to the murdered Russian dissident Alexander Litvinenko, who worked for an investigations firm employed by the brothers. ...
Brazil meat-packing giants 'exported rotten beef' image
Source : BBC [Read Article] Friday 17th of March 2017 08:21:35 PM
. The authorities in Brazil suspended 33 government officials amid allegations that some of the country's biggest meat processors have been selling rotten beef and poultry for years. ...
Has the tech bubble peaked? Signs that the startup boom may be fizzling image
....”. Another echo of the dotcom era is what Dinan calls “bad habits” such as the allegations of sexual harassment at Uber and human resources startup Zenefits cheating on mandatory compliance training. ...
Russia denies Yahoo hack involvement image
Source : BBC [Read Article] Thursday 16th of March 2017 12:50:43 PM
. The Kremlin has denied allegations by US authorities that the FSB intelligence agency was involved in a huge data breach affecting Yahoo. ...
Rupert Murdoch's Sky bid to be investigated by UK regulator image
Source : Guardian [Read Article] Thursday 16th of March 2017 11:35:05 AM
....Nick Pollard, an Ofcom board member and former Sky News chief, has excused himself from the Fox investigation process. Pollard, who led the inquiry into the failure of BBC2’s Newsnight to broadcast an investigation into allegations of sexual abuse against Jimmy Savile, worked at Sky from 1996 to 2006. ...
Brazil prosecutor targets politicians in Petrobras scandal image
Source : BBC [Read Article] Tuesday 14th of March 2017 11:19:32 PM
....He took power promising to tackle corruption and restore fiscal discipline as Brazil faces its worst recession on record. But he has lost several ministers following corruption allegations, and the investigations may hamper his efforts to revive the economy and restore confidence, correspondents say. ...
Christian Candy's finance chief denies 'good cop, bad cop' game image
Source : Guardian [Read Article] Tuesday 14th of March 2017 05:51:04 PM
....” Dean denied this. The court had previously heard an allegation that a property agent at Savills had passed a confidential property valuation, prepared for Holyoake’s villa in Ibiza, to the Candy brothers. ...
Nick Candy denies claim he is jointly in charge of brother's CPC empire image
. Nick Candy has denied allegations that the distinction between his business empire and that of his brother is “pure fantasy”, as a £132m high court tussle with a former university friend delved into the duo’s tax affairs. ...
Democrats question Trump 'conflict of interest' with Deutsche Bank investigation image
....She cited the testimony of Jeff Sessions, the US attorney general, who swore under oath during his confirmation hearing that he had never had any contact with Russian officials during the presidential campaign, even though it was subsequently revealed that he had two meetings with the Russian ambassador to the US, Sergey Kislyak. Sessions has recused himself from the DoJ’s investigation into allegations that Russia meddled in the US election, possibly with the help of Trump campaign officials. ...
Has TalkTalk’s security been breached yet again? image
Source : Guardian [Read Article] Saturday 11th of March 2017 06:59:27 AM
....”. The fresh allegations come amid a long and delayed investigation by the Information Commissioner’s Office. ...
Nick Candy paid Katy Perry £1.2m to sing at his wedding, court told image
Source : Guardian [Read Article] Friday 10th of March 2017 05:00:20 PM
.... Holyoake says that during a phone call, Candy threatened that his brother might sell the loan to Russian debt collectors who would not hesitate to “seriously fucking hurt” Holyoake and his family. “What makes me sick about this case is the allegations that have been put that I threatened his family,” Candy told the court. ...
Uber stops using Greyball 'secret program' to dodge regulators image
Source : BBC [Read Article] Thursday 9th of March 2017 05:21:32 AM
....Uber has been hit by a series of controversies recently. A video of its chief Travis Kalanick swearing at a driver appeared on social media, and there had also been allegations the company had routinely ignored cases of sexual harassment. ...
Apple, Samsung and Microsoft react to Wikileaks' CIA dump image
Source : BBC [Read Article] Wednesday 8th of March 2017 09:32:08 AM
....Wikileaks published thousands of documents said to detail the US spy agency's hacking tools on Tuesday. They included allegations the CIA had developed ways to listen in on smartphone and smart TV microphones. ...
Uber's 'hustle-oriented' culture becomes a black mark on employees' résumés image
....Keala Lusk, a former Uber software engineer, wrote on Medium that during her time at Uber she saw “malicious fights for power, interns repeatedly putting in over 100 hours a week but only getting paid for 40, discrimination against women, and prejudice against the transgender community”. Uber responded to Lusk’s post in a statement, saying, “We take any and all allegations of this nature very seriously and have forwarded this to Eric Holder and Tammy Albarran to include in their investigation. ...
Switch hitch: Ofgem to look into improper exit-fee allegations image
Source : Guardian [Read Article] Monday 6th of March 2017 11:14:41 AM
. Ofgem is looking into allegations that energy suppliers have wrongly threatened to impose exit fees on householders switching away from them. ...
The oil deal, the disgraced former minister, and $800m paid via a UK bank image
.... But ordinary citizens of Nigeria have not seen a penny from the deal – which, it is alleged, was partly negotiated by two ex-MI6 officers hired by Shell as “business and investment advisers”. The astonishing allegations have been made by an Italian prosecutor, Fabio de Pasquale, whose previous scalps include former Italian leader Silvio Berlusconi. ...
No bed of roses image
Source : BBC [Read Article] Sunday 5th of March 2017 01:12:42 AM
.... . But beyond the vibrant fields of freshly cut roses and chrysanthemums, it's claimed that workers' rights are being exploited on an industrial scale, with allegations of low pay, unfair dismissals and sexual harassment of the predominantly female workforce. ...
Uber is smart, simple and seductive. But should we still be using it? image
.... There’s the fundamental question about Uber’s relationship with its drivers: are they self-employed, as it claims, or is Uber taking advantage of people who should be employees?. And in the last month, it has faced serious allegations about sexual harassment, as early-stage investors have lambasted its “destructive culture”. ...
Christian Candy tells high court: ‘I don’t deal with shady people’ image
. Property tycoon Christian Candy has rejected allegations that he intimidated a business associate by threatening to hire a debt collector, telling the high court: “I don’t deal with shady people. ...
NHS 'overcharged' by drug makers' non-compete deal, says CMA image
Source : BBC [Read Article] Friday 3rd of March 2017 08:39:04 AM
....The CMA accused the firms of agreeing between January 2013 and June 2016 that Concordia would not launch its own version of the drug, leaving Actavis as the sole supplier to the NHS for much of that time. Pharmaceutical firm Teva confirmed Actavis UK was the subject of "allegations of anti-competitive conduct" from the CMA. ...
Bitcoin value tops gold for first time image
Source : BBC [Read Article] Friday 3rd of March 2017 01:16:15 AM
.... . The website Silk Road was closed in 2013 following raids by the FBI and other agencies amid allegations of drug dealing. ...
Capita boss to quit amid profit fall image
Source : BBC [Read Article] Thursday 2nd of March 2017 08:19:35 AM
....Capita has also been under fire over the way it collects the TV licence fee. Capita, which collects the fee on behalf of the BBC, is now under investigation by the corporation after allegations that its collectors targeted vulnerable people, spurred on by an aggressive incentive scheme. ...
Samsung heir Lee Jae-yong to be indicted on bribery charges image
Source : BBC [Read Article] Tuesday 28th of February 2017 07:14:00 AM
.... They alleged this was done to win government support for a big restructuring of Samsung that would help a smooth leadership transition in favour of Mr Lee, who is standing in as chairman for his ill father, Lee Kun-hee. The controversial merger required support from the national pension fund - the allegation is that this support was granted in return for the donations. ...
Uber executive resigns after failing to disclose prior sexual harassment claim image
....The top engineering executive at Uber has resigned, adding to the company’s turmoil a week after the company found itself in an unrelated sexual harassment firestorm. Amit Singhal, whose hire was announced just five weeks ago, failed to disclose that he’d left his previous job at Google because of a sexual harassment allegation, according to the tech blog Recode. ...
Theresa May must block London Stock Exchange bids until after Brexit | Nils Pratley image
....5m (£3. 8m) share purchase by Carsten Kengeter, the Deutsche chief executive who had been lined up to lead the merged business (and who denies the allegations), is an unresolved difficulty. ...
Barclays: triple the profits, but still a work in progress | Nils Pratley image
Source : Guardian [Read Article] Friday 24th of February 2017 07:09:13 AM
....Staley’s other big call has been to refuse a settlement with the US Department of Justice over distributing mortgage junk between 2005 and 2007. Barclays thinks the department’s claims are “disconnected from the facts” and that it has a duty to defend itself “against unreasonable allegations and demands”. ...
India police arrest 'world's cheapest smartphone' firm boss image
Source : BBC [Read Article] Friday 24th of February 2017 05:59:23 AM
. The director of Ringing Bells, the Indian firm which claimed to be selling the world's cheapest smartphone, has been arrested on allegations of fraud. ...
Former IMF chief gets four years in jail for embezzlement in Spain image
Source : Guardian [Read Article] Thursday 23rd of February 2017 04:40:36 PM
.... Several PP officials, including Luis Bárcenas, a former party treasurer and Rajoy ally, are on trial for alleged involvement in a huge kickbacks-for-contracts scheme involving businesspeople and senior PP members. Rita Barberá, a PP senator who died last November, had resigned from the party two months earlier after the supreme court announced an investigation into allegations of money laundering during her two-and-a-half decade run as mayor of Valencia. ...
FTSE dragged down by ex-dividend firms image
Source : BBC [Read Article] Thursday 23rd of February 2017 12:36:49 PM
.... . Shareholders baulked at warnings from chairman John McFarlane that "significant challenges remain" as the bank fights US authorities over allegations surrounding its part in a mortgage bond mis-selling scandal. ...
Tax barrister plans to take Uber to court over alleged £20m black hole image
Source : Guardian [Read Article] Tuesday 21st of February 2017 03:00:09 PM
....Uber has 40,000 drivers operating on its platform in the UK. In the US, the company’s chief executive, Travis Kalanick, has called in the former attorney general Eric Holder to investigate allegations by the software engineer Susan Fowler of sexual harassment and discrimination at its San Fransisco head office. ...
Uber hires Eric Holder to investigate sexual harassment allegations image
Source : Guardian [Read Article] Tuesday 21st of February 2017 03:06:50 AM
. Uber has hired the former US attorney general Eric Holder to investigate allegations of sexual harassment after an engineer went public with claims that she repeatedly faced sexism and discrimination at the ride-sharing company. ...
Uber launches 'urgent investigation' into sexual harassment claims image
Source : Guardian [Read Article] Monday 20th of February 2017 01:36:50 AM
. A former Uber engineer has come forward with allegations of sexual harassment and discrimination, claiming that management repeatedly dismissed her complaints, protected a repeat offender and threatened to fire her for raising concerns. ...
Rolls-Royce posts biggest loss in its history image
Source : Guardian [Read Article] Tuesday 14th of February 2017 07:28:53 AM
.... The very fact you are asking the question shows there is uncertainty,” he added. The charge for settling the corruption allegations comes after Rolls agreed to pay £671m of penalties plus interest to the UK, US and Brazil. ...
Donald Trump is undermining the fight against corruption image
Source : Guardian [Read Article] Sunday 12th of February 2017 03:25:57 PM
.... The aerospace company – one of the UK’s genuinely world class manufacturing firms – will this week announce one of Britain’s biggest ever corporate losses, in part the result of the £671m cost of settling bribery actions. The cases were brought by the authorities in Britain, Brazil and the US and involve allegations that Rolls bribed middlemen around the world between 1989 and 2013 to win contracts. ...
Bribery and Brexit propel Rolls-Royce towards historic losses image
Source : Guardian [Read Article] Saturday 11th of February 2017 01:42:36 PM
....Rolls-Royce will report one of the biggest losses in British corporate history this week as Brexit and a corruption scandal leave an indelible mark on the famous aerospace company. City analysts have forecast that Rolls could report a pre-tax loss of more than £4bn – its worst ever – due to the sharp decline in the value of the pound and the £671m penalty that the company has agreed to pay to settle corruption allegations. ...
Candy brothers were 'not prepared to pay any tax', high court told image
Source : Guardian [Read Article] Friday 10th of February 2017 05:27:30 PM
....The billionaire Candy brothers moved their business offshore because they were “not prepared to pay any tax” on the profits from their luxury property developments, a former associate has claimed. Entrepreneur Mark Holyoake, a university friend of Nick Candy who fell out with the brothers over a business deal, made the allegation as he took the witness stand in the high court in London on Friday. ...
Former Rolls-Royce boss questioned in corruption inquiry image
Source : Guardian [Read Article] Friday 10th of February 2017 11:31:33 AM
....Rose also left his position as a director of two organisations in recent weeks. He resigned as director of the Eden Trust, owner of the Eden Project in Cornwall, on 27 January, just 10 days after Rolls-Royce and the SFO announced the company had agreed to pay £671m to settle allegations it bribed middlemen around the world between 1989 and 2013. ...
Candy brothers accused of blackmail and extortion in high court image
Source : Guardian [Read Article] Wednesday 8th of February 2017 11:40:18 AM
.... Candy then bought the company, which was set up to create a music sharing app, taking it out of administration. The evidence from Roberts would support the allegations of blackmail, Stewart said. ...
Trump's bonfire of banking rules could burn us all | Nils Pratley image
Source : Guardian [Read Article] Monday 6th of February 2017 07:14:50 PM
....” The share price fell by 4% but, unlike easyJet’s, it has had an excellent run. Next year will bring €65m of savings from hedging on fuel prices and, one suspects, more gains in market share, especially in Germany where O’Leary sounds like a man who will enjoy milking his allegation of cartel behaviour for all it is worth. ...
Deutsche Börse chief probed over €4.5m share deals ahead of LSE merger talks image
....Deutsche Börse board chairman Joachim Faber said the accusations against Kengeter were “without foundation”, arguing that merger discussions with the London market between the two chairmen and chief executives did not begin until the second half of January 2016. The LSE backed its German counterpart on Thursday, saying: “LSE welcomes the strong statement of support by Joachim Faber, chairman of the supervisory board of Deutsche Börse who has described the allegations related to Carsten Kengeter as without foundation. ...
Booker Tesco deal has hedge funds in a funk image
Source : Guardian [Read Article] Sunday 29th of January 2017 07:00:17 AM
.... But elsewhere, Conn really is in the middle of a seriously unfortunate trot. He was the senior independent director at Rolls-Royce in 2010 – and he was on the board from 2005 to 2014 – which suddenly looks awkward following Lord Justice Leveson’s judgment this month that the company was aware in 2010 of corruption allegations within the company, but decided not to notify the Serious Fraud Office. ...
Theresa May signs £100m fighter jet deal with Turkey's Erdoğan image
Source : Guardian [Read Article] Saturday 28th of January 2017 02:30:02 PM
....”. Speaking before the prime minister’s arrival in Turkey, Amnesty International’s UK director, Kate Allen, said the visit was a “vital opportunity” for May to ask “probing questions” about allegations of excessive use of force and ill-treatment of detainees by Erdoğan’s security forces. ...
BT shareholders will remember profit warning for years | Nils Pratley image
Source : Guardian [Read Article] Tuesday 24th of January 2017 05:47:06 PM
.... Back in October, “inappropriate management behaviour” in Italy was said to be leading to a “non-cash” write-down of £145m. That behaviour has now been upgraded to “improper” – which amounts to an allegation of fraud – and the bill will definitely be felt. ...
Ticket touts rebrand as investigations put them in spotlight image
Source : Guardian [Read Article] Monday 23rd of January 2017 03:16:42 PM
....The change took place on 21 December, two days after the CMA said it planned to investigate the secondary ticketing industry. The regulator is investigating allegations that touts are breaching consumer law by failing to provide their details when they sell a ticket on secondary websites such as Viagogo, StubHub, GetMeIn and Seatwave. ...
Textile firms paying UK workers £3 per hour, investigation finds image
Source : Guardian [Read Article] Monday 23rd of January 2017 06:00:25 AM
.... The retailer said it would “not tolerate suppliers paying less than the minimum wage” and that a member of its compliance team had visited United Creations last week. Missguided said: “We take the allegations … very seriously and demand the highest standards of safety, working conditions and pay from all of our suppliers and subcontractors. ...
Whistleblower wins 13-year campaign against HSBC image
Source : Guardian [Read Article] Friday 20th of January 2017 01:17:13 PM
.... In a strongly worded ruling in December 2015, the commissioner said the FCA had presided over a series of events “bordering on the farcical”, was “negligent” and “defensive” and had even attempted to “shift blame” on to Wilson. Stung by the criticism, the regulator said it would reconsider its decision and since then has carried out a full review of the allegations. ...
What did Rolls-Royce directors know about bribery scandal? 'No comment' image
Source : Guardian [Read Article] Thursday 19th of January 2017 07:00:30 AM
. The leadership of Rolls-Royce knew in 2010 about allegations regarding corruption within the company but decided not to notify the Serious Fraud Office, according to the damning judgment on the scandal from Lord Justice Leveson. ...
Calls for ex-Rolls-Royce CEO to lose knighthood after firm admits bribery image
Source : Guardian [Read Article] Wednesday 18th of January 2017 07:48:18 PM
....Barry Gardiner, the shadow secretary of state for international trade, said Rose could not credibly retain his knighthood in light of the company’s conduct during his term as chief executive. “If Sir John Rose was the controlling mind in the company at the time, and was aware of these allegations, then he is not fit to hold his knighthood,” he said. ...
JP Morgan Chase to pay $55m to settle racial discrimination charges image
Source : Guardian [Read Article] Wednesday 18th of January 2017 04:50:34 PM
....JP Morgan denied wrongdoing. “We’ve agreed to settle these legacy allegations that relate to pricing set by independent brokers,” said the bank in a statement. ...
Rolls-Royce apologises in court after settling bribery case image
Source : Guardian [Read Article] Tuesday 17th of January 2017 01:29:50 PM
....The engineering giant Rolls-Royce has apologised after it was found to have paid bribes including a luxury car and millions of pounds’ worth of cash to middlemen to secure orders in six countries, including Indonesia, Russia and China. Britain’s leading multinational manufacturer made the admissions on Tuesday at the high court in London, a day after it was revealed that it would pay £671m in penalties to settle long-running corruption allegations. ...
Rolls-Royce to pay £671m over bribery claims image
Source : Guardian [Read Article] Monday 16th of January 2017 05:32:13 PM
....The firm has had close relations with British governments of all political hues, while ministers have often lobbied foreign governments to give large export contracts to the manufacturer. Without admitting any wrongdoing, Rolls-Royce has repeatedly attempted to signal its willingness to reform after the bribery allegations emerged. ...
Samsung boss faces arrest as South Korea corruption scandal grows image
Source : Guardian [Read Article] Monday 16th of January 2017 06:18:48 AM
....“The special prosecutor’s office, in making this decision to seek an arrest warrant, determined that while the country’s economic conditions are important, upholding justice takes precedence,” Lee Kyu-chul, a spokesman for the office, told reporters on Monday. The involvement of the third-generation leader of South Korea’s richest chaebol – or family-run conglomerate – comes days after Park denied any wrongdoing over allegations that Choi fraudulently received tens of millions of dollars from South Korean companies, including Samsung, for two foundations she operated. ...
Moody's $864m penalty for ratings in run-up to 2008 financial crisis image
Source : Guardian [Read Article] Saturday 14th of January 2017 06:53:00 AM
....The credit rating agency Moody’s has agreed to pay nearly $864m to settle with US federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the department of justice said on Friday. Moody’s reached the deal with the justice department, 21 states and the District of Columbia, resolving allegations that the firm contributed to the worst financial crisis since the Great Depression, the department said in a statement. ...
Renault to be investigated over diesel emissions 'cheating' image
Source : Guardian [Read Article] Friday 13th of January 2017 12:34:10 PM
....The Italian-American company immediately denied the charges and pledged to work with president-elect Donald Trump’s administration to resolve the issue “fairly”. The UK has lodged an urgent request with US authorities for information on the allegations against Fiat Chrysler. ...
Natarajan Chandrasekaran: Who is new Tata Group chairman? image
Source : BBC [Read Article] Friday 13th of January 2017 10:28:22 AM
....The bitter and very public feud between Mistry and the Tatas over the last couple of months has tarnished the conglomerate's brand image. Both sides have made serious but unverified allegations against one other and are now locked in a legal battle. ...
VW papers shed light on emissions scandal image
Source : BBC [Read Article] Thursday 12th of January 2017 11:15:47 PM
.... . The FBI makes further detailed allegations in its criminal complaint against Oliver Schmidt. ...
Fiat Chrysler used software to cheat diesel emissions testing, EPA alleges image
Source : Guardian [Read Article] Thursday 12th of January 2017 05:16:43 PM
....Fiat Chrysler “believes that its emission control systems meet the applicable requirements,” the company said in a prepared statement. Fiat Chrysler did not address the EPA’s allegations that the car company had hidden the software from the regulator, instead stating that lowering its cars’ emissions during testing was necessary to “balance EPA’s regulatory requirements for low nitrogen oxide (NOx) emissions and requirements for engine durability and performance, safety and fuel efficiency”. ...
Tata Sons names Natarajan Chandrasekaran new chairman image
Source : BBC [Read Article] Thursday 12th of January 2017 02:31:56 PM
.... . Cyrus Mistry and Tata Group have been involved in a very bitter, public battle, during which both the sides have made serious but unverified allegations against each other. ...
Robbie Williams tickets put directly on resale sites image
Source : BBC [Read Article] Wednesday 11th of January 2017 02:42:08 AM
.... . In a previous statement to Billboard Magazine, Live Nation Italy said the allegations related to a "small number of tickets, for a handful of international artists". ...
US charges three foreign exchange traders image
Source : BBC [Read Article] Tuesday 10th of January 2017 11:28:46 PM
.... . In March 2016 the UK's Serious Fraud Office (SFO) closed its criminal investigation into allegations of price-rigging in the foreign exchange market. ...
VW chiefs 'hushed up emission cheating' image
Source : BBC [Read Article] Monday 9th of January 2017 08:05:24 AM
.... . "The key allegation is that the affected cars should not have been certified as fit for sale because it is alleged that they produced higher levels of nitrogen oxide and nitrogen dioxide emissions than the rules allowed," it said in a statement. ...
Samsung execs quizzed over government corruption scandal image
Source : BBC [Read Article] Monday 9th of January 2017 03:29:40 AM
....Ms Choi has been charged with coercion and attempted fraud. According to South Korea's Yonhap news agency, Choi Gee-sung, a Samsung vice chairman, and Chang Choong-ki, a president at the group, were being interviewed on Monday by special prosecutors about the corruption allegations. ...
Run-DMC in $50m trademark battle image
Source : BBC [Read Article] Friday 30th of December 2016 09:42:58 AM
....Darryl "DMC" McDaniels said that products sold by Amazon, Walmart and other stores violated federal trademark and New York competition laws. McDaniels, who owns a firm named Run-DMC Brand, made the allegations in a complaint filed in the US District Court in Manhattan. ...
US cyber fraud: Three men accused of $4m insider deal image
Source : BBC [Read Article] Wednesday 28th of December 2016 08:52:27 AM
.... The others were named as Bo Zheng of Changsha, and Chin Hung of Macau. Lawyers for the trio have not so far commented on the allegations against them. ...
South Korea pension fund head arrested in scandal probe image
Source : BBC [Read Article] Wednesday 28th of December 2016 06:21:02 AM
....The NPS has denied previous reports that Mr Moon pressured the organisation to back the deal, and Mr Moon told reporters on Tuesday that he would cooperate with the investigation. The scandal has also caught Samsung up in allegations that it backed foundations controlled by Choi Soon-sil in the hope of receiving political favours, which investigators are also examining. ...
Barclays refuses to settle with US DoJ over 'craptacular loans' image
Source : Guardian [Read Article] Friday 23rd of December 2016 05:37:13 PM
. Barclays is refusing to settle with the US Department of Justice over allegations it deliberately sold mortgage bonds to investors that it knew contained “craptacular loans”. ...
Barclays' defiance of US fines has merit image
Source : Guardian [Read Article] Friday 23rd of December 2016 04:03:46 PM
....That is not the view of the chief executive, Jes Staley. Barclays thinks the DoJ’s claims are “disconnected from the facts” and that it has “an obligation to our shareholders, customers, clients and employees to defend ourselves against unreasonable allegations and demands. ...
American Apparel shuts 12 of its 13 UK stores with loss of 150 jobs image
Source : Guardian [Read Article] Friday 23rd of December 2016 11:31:33 AM
.... The brand expanded to more than 20 countries and more than 200 stores, and became the biggest clothing manufacturer in America. But the retailer attracted notoriety for racy advertising, often featuring young female staff members, and for the exploits of Charney, who faced a string of increasingly lurid allegations about his treatment of women. ...

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