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The US Securities and Exchange Commission (SEC) says it is suing UK hedge fund Pentagon Capital Management and its chief executive, Lewis Chester.
The watchdog alleges the fund and Mr Chester have schemed to defraud mutual funds and shareholders in the US.
London-based Pentagon Capital said last week it was winding down two funds because it expected the SEC to file civil complaints against Mr Chester
The Swedish lorry maker AB Volvo has agreed to pay millions of dollars in fines in connection with an inquiry into Iraq’s UN oil-for-food programme.
It will pay a $7m (£3.5m) fine to the US Department of Justice (DOJ) and $4m in civil fines to the Securities and Exchange Commission
A US judge has ordered Starbucks to repay its California coffee-makers more than $100m in tips that were paid to shift supervisors.
San Diego Superior Court Judge Patricia Cowett said the coffee-makers – “baristas” – were entitled to $86m in back tips, plus interest.
She issued an injunction banning supervisors from sharing future tips
Network Rail has been fined a record £14m by the railway regulator, after engineering work over-ran during the Christmas and New Year period.
But the company says that without further delays, it risks not meeting a December deadline for finishing work to the West Coast Main Line at Rugby.
Passengers now face extra disruption through the summer, as lines are closed in order to complete the work
The European Commission has fined US computer giant Microsoft for defying sanctions imposed on it for anti-competitive behaviour.
Microsoft must now pay a record 899m euros ($1.4bn; £680
UK Power distributor National Grid has been fined £41.6m ($80m USD) for restricting competition in the UK’s gas metering market.
Energy regulator Ofgem said the company, which owns 99% of the UK’s gas meters, had “severely restricted” rival suppliers from replacing its equipment with cheaper or more advanced devices
Intel, the world’s biggest computer chipmaker, has been raided by European Union competition regulators amid claims it abused its market position.
Chuck Mulloy, a spokesman for Intel, said the regulators raided the company’s office in Munich, Germany.
Mr Mulloy said Intel was co-operating with the investigators
Regulators have confirmed a £20.3m ($40m USD) fine imposed on Southern Water for poor service and reporting misleading data.
Ofwat first announced the fine in November and confirmed it on Friday after a period of consultation
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“Cultural Survival (www.cs.org) deal with indigenous rights issues
Texan private equity firm Lone Star has been found guilty of stock price manipulation by a South Korean court.
The Seoul court fined the Dallas-based company $27m (£13.6m) and sentenced Paul Yoo, the head of its Korean unit, to five years in prison
Intel, the world’s biggest computer chipmaker, is being investigated by New York Attorney General Andrew Cuomo over whether it broke anti-trust laws.
Mr Cuomo is looking into claims that Intel stopped customers from dealing with rival Advanced Micro Devices.
Intel has cut prices and tried to boost efficiency as AMD has made efforts to become the world’s top producer
British Airways has been accused of colluding in setting prices of fuel surcharges and other levies in the provision of air freight services.
BA confirmed it received a letter of complaint from European Union regulators, alleging that it was part of a suspected air freight cartel.
The complaints were also sent to Germany’s Lufthansa, Air France-KLM and Scandinavia’s SAS
Insurance firm Norwich Union has been fined £1.26m ($2.5m) by the Financial Services Authority (FSA) after customers lost £3
Two ex-Mitsubishi members of staff have been found guilty of professional negligence over the death of a woman crushed by a wheel falling off a truck.
The Mitsubishi Fuso truck model was later recalled by the Japanese firm.
Hiroshi Murakawa, 61, and Hirotoshi Miki, 59, had been overseeing quality control at Mitsubishi Motors
Unions representing workers at United Airlines have reacted with anger to the US carrier’s plans to pay a $250m (£123m) dividend to its shareholders.
Thousands of staff took pay cuts to help the airline rebuild its finances after it went into bankruptcy in the aftermath of the 9/11 attacks.
Union officials said the investor payout betrayed the efforts of staff to revive the airline’s reputation
Supermarket firms Sainsbury’s and Asda have admitted that they were part of a dairy price-fixing group that earned about £270m ($550m) extra from shoppers.
The supermarkets, along with a number of dairy firms, have agreed to pay fines totalling some £116m ($240m) after an Office of Fair Trading (OFT) probe.
Cases against Tesco and Morrisons will continue after no deal was struck
A Nigerian anti-corruption agency has begun investigating former ministers alleged to have taken bribes from the German telecoms firm, Siemens.
Siemens was found guilty of paying bribes and was fined 201m euros ($248m) by a Munich court on 4 October.
Names on the court papers that emerged last week included Bello Mohammed Haliru, the late Haruna Elewi and Tajudeen Olanrewaju
Oil giant BP has been fined a total of $373m (£182m) by the US Department of Justice for environmental crimes and committing fraud.
The fines include $50m relating to a Texas refinery explosion in 2005 that killed 15 people and injured 170 more.
That sum is the highest fine of its kind levied under the Clean Air Act
The Brazilian headquarters of computer network equipment maker Cisco Systems has been raided as part of an investigation into tax evasion.
Authorities believe the unit may have imported $500m worth of equipment over the past five years without properly paying import duties.
The firm said its Sao Paulo and Rio de Janeiro offices had been temporarily closed and some staff detained
Lloyds TSB says it will vigorously defend a money-laundering lawsuit brought by US prosecutors.
Lloyds and Bank of Cyprus face civil charges alleging they helped launder hundreds of millions of dollars from a securities fraud.
The US government is seeking penalties of at least $162m from Bank of Cyprus and $130m from Lloyds, which said the legal action was without basis