Wed Dec 24, 2014/Reuters The U.S. Commodity Futures Trading Commission said on Wednesday it had fined MF Global Holdings Ltd for wrongdoing during the collapse of the futures brokerage, but will continue its lawsuit against the firm’s former chief, Jon Corzine. A federal judge in Manhattan approved a settlement in […]
Frauds & Scandals
Alstom to Pay Record $772 Million in U.S. Bribery Settlement
Dec 22, 2014/Bloomberg Alstom SA (ALO) pleaded guilty and agreed to pay a record $772 million to end a U.S. Justice Department investigation into bribes paid to win power-plant contracts in Indonesia and the Middle East. U.K. authorities also charged another unit today for paying bribes in Lithuania. The U.S. […]
Bank sells Akingbola’s London houses to recover debt
Access Bank Plc said it had sold some London properties of a former Managing Director of the defunct Intercontinental Bank Plc, Erastus Akingbola, in a bid to recover a debt of N164bn from him. According to the bank, a sum of £11m has so far been recovered by selling Akingbola’s […]
