The Serious Fraud Office has begun an investigation into Severn Trent Water.
The office was contacted by water watchdog Ofwat which has been holding its own investigation into the company after allegations from an employee.
The allegations concern fears the water company provided unreliable information, particularly accounting inaccuracies, to Ofwat
Millionaire businessman Oleg Kiselev has resigned as chairman of investment bank and brokerage Renaissance Capital to fight allegations of fraud.
Mr Kiselev has denied the charges, which were brought last week and relate to transactions in shares of a metal ore extraction and processing plant.
Calling the charges completely false, Mr Kiselev said he was stepping down to clear his “good name”
Three Romanians who conned eBay customers out of thousands of pounds have been sentenced to a total of eight years’ imprisonment.
The “cell” tricked customers into paying for £300,000 worth of fictitious goods which never arrived.
The man said to be the gang’s ringleader, Nicolae Cretanu, 30, of Forest Gate, London, was given a three and a half year term for the fraud
A top aide to the US vice-president has resigned after being charged with perjury over an investigation into the unmasking of a covert CIA agent.
Lewis Libby, chief-of-staff to Dick Cheney, was also charged with obstruction of justice and making false statements to a federal grand jury.
Bush aide Karl Rove was not charged but the investigation remains open
Mr Ahmadinejad told some 3,000 students in Tehran that Israel’s establishment had been a move by the West against the Islamic world.
He was addressing a conference entitled The World without Zionism and his comments were reported by the Iranian state news agency Irna.
“As the Imam said, Israel must be wiped off the map,” he said, referring to Iran’s late revolutionary leader, Ayatollah Ruhollah Khomeini
Financial watchdogs have launched an inquiry into Austrian bank BAWAG’s 350m euro ($418m; £237m) loan to the ex-boss of crisis-hit US finance firm Refco.
Austrian regulators are investigating if BAWAG followed proper rules when it granted the loan to Phillip Bennett.
Refco has been struggling since its former chief executive was charged with fraud and concealing a $430m loan ahead of a stock market flotation
A US oil trading company has pleaded guilty to involvement in the Iraq oil-for-food scandal and agreed to pay a fine of $250,000 (£141,000).
Midway Trading was accused of paying $400,000 in bribes to Iraqi officials for oil purchases under the UN scheme.
The scheme was devised to let Saddam Hussein sell oil and buy humanitarian goods while sanctions were in force
Malawi’s Anti-Corruption Bureau has summoned ex-president Bakili Muluzi to a hearing about his financial dealings with foreign donors next week.
It intends to ask him what happened to millions of dollars of aid during his rule, which ended last year.
The announcement came as parliament renewed its drive to impeach current President Bingu wa Mutharika
The former chief executive of US brokerage Refco has been charged with securities fraud, sending the company’s shares down 22% in New York.
Phillip Bennett is accused of hiding millions of dollars of debt owed to Refco by another firm he controlled.
The purpose of such a move was to make Refco look stronger than it was ahead of its $583m (£333m) float in August, US Attorney Michael Garcia alleges
Two firms have been fined a total of £13.5m for breaching health and safety regulations over the 2000 Hatfield train crash, in which four people died.
Network Rail, formerly Railtrack, was fined £3