A former Auckland honey exporter and its operations manager have been fined a total of $372,500 in a landmark case involving the deliberate adulteration of honey in order to pass it off as high value mānuka honey.
The AdC in Portugal imposed fines totalling 300.000,00 euros on Futrifer Indústrias Ferroviárias and one of its managers for participating in a cartel in public tenders in the sector of railway maintenance services.
A former executive of collapsed Dubai private equity firm Abraaj Capital Ltd on Friday pleaded guilty to U.S. fraud and conspiracy charges, admitting that he lied to investors about the firm’s financial health and track record.
The Moscow City Court on Thursday delivered a ruling extending detention of the former bankruptcy commissioner of several Russia’s Rosneft subsidiaries Oleg Smetanin charged with embezzling more than 300 million rubles ($4.5 million) until October 3, RAPSI reported from the courtroom.
The European Commission has fined Canon, the Japan-based imaging and optical products manufacturer, €28 million for implementing its acquisition of Toshiba Medical Systems Corporation (TMSC) before notification to and approval by the Commission, in breach of EU Merger control rules.
Merrill Lynch Commodities has agreed to pay $25 million to resolve the government’s investigation into a multi-year scheme by MLCI precious metals traders to mislead the market for precious metals futures contracts traded on the Commodity Exchange Inc. (COMEX), announced Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division and Assistant Director in Charge William F. Sweeney Jr. of the FBI’s New York Field Office.
TechnipFMC and its wholly-owned U.S. subsidiary, Technip USA have agreed to pay a combined total criminal fine of more than $296 million to resolve foreign bribery charges with authorities in the United States and Brazil.