Employee Assets Frozen

The bank accounts of a Norwich Union employee at the centre of a £1.5m fraud have been frozen.

Carol Birrell, originally from Liverpool, is one of 30 people from Merseyside named in a writ lodged at London’s High Court by Norwich Union Insurance of Surrey Street

$355m fraud fine

Anglo-Swedish drug giant AstraZeneca has agreed to pay $354.9m to settle charges it defrauded the US healthcare system.

The company admitted giving free samples of cancer drugs to doctors, who then billed Medicare for the full price

Martha Stewart appears in Court

The domestic style setter is facing federal obstruction of justice charges, related to an investigation of her December 2001 sale of almost 4,000 shares of biotech firm ImClone Systems before bad news about one of its key drugs was revealed to the public. Stewart and her attorneys have denied any wrongdoing in the case.

Stewart, whose June 4 arraignment in court was a media circus, is heading into court for what is known as a status conference, in which lawyers on the two sides of the case can raise issues before the judge and discuss a schedule

Cablevision financial irregulatories

NEW YORK — Cablevision Systems (CVC) tried to head off a potentially damaging financial scandal Wednesday by disclosing that an internal investigation turned up years of misreported expenses and fabricated invoices at cable channel American Movie Classics.

Although the company says the amounts of cash involved are too small to require a restatement of earnings, it fired AMC president Kate McEnroe and 13 other employees — mostly senior staff. Rainbow Media CEO Josh Sapan, who oversees Cablevision’s programming services, is temporarily in charge

Citicorp Brokerage Executive Fired

NEW YORK (Reuters) – Citigroup Inc. C.N , the world’s largest financial services company, has fired William Maguire, the top executive in its Citicorp brokerage unit, the New York Times said on Thursday, citing a Citigroup spokesman

Nigeria Fraud Investigation

LAGOS, June 18 (Reuters) – Nigerian President Olusegun Obasanjo has ordered an investigation into alleged fraud by a local unit of U.S. oil services firm Halliburton Co (nyse: HAL – news – people), his spokeswoman said on Wednesday

Halliburton awarded US military contact

WASHINGTON (AP) – Halliburton’s contract to restart Iraq’s oil production has doubled in cost over the past month, and the no-bid work may last longer than expected, the Army says.

The expanded role awarded to Vice President Dick Cheney’s former company cost taxpayers $184.7 million as of last week, up from $76

Tender for PeopleSoft

12th June 2003 Oracle Corporation has made a tender for a takeover of PeopleSoft corporation.

The consolidation is believed to be a reaction to the PeopleSoft bid for J.D