Firms fined over Hatfield crash
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
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News Corp sued over ‘poison pill’
/0 Comments/in News Corp /by ceadminInstitutional investors have sued Rupert Murdoch’s News Corp claiming it reneged on a promise to protect shareholders when it moved to the US.
Investors allege the group failed to get their approval to extend measures to protect it against a takeover.
Last year, News Corp vowed not to extend this “poison pill” beyond a year if investors backed a move to the US
Yukos offices are raided in probe
/0 Comments/in Yukos /by ceadminOffices of oil giant Yukos in Russia and the Netherlands have been raided as part of an inquiry into allegations that up to $7bn (£4bn) was laundered.
Prosecutors said four offices in the Moscow region, as well as a subsidiary in Amsterdam, were involved.
Investigators said they were looking into claims that money was stolen and taken abroad from 2000 to 2003
Fraudster jailed for car racket
/0 Comments/in John Gilmour /by ceadminA man has been jailed after pleading guilty at the High Court in Edinburgh to a £600,000 fraud involving an international car import business.
The judge was told that John Gilmour, 52, brought four-wheel drive cars from Cyprus to the UK, where he sold them without paying the VAT which was due.
He was given a sentence of two years and three months for cheating Customs
Peugeot Citroen hit with EU fine
/0 Comments/in Peugeot Citroen /by ceadminThe European Commission has ordered French car group PSA Peugeot Citroen to pay a 49.5m euros ($59m; £34m) fine for breaking competition rules.
Brussels found that the firm’s Peugeot and Citroen marques blocked the cross-border sale of new cars from the Netherlands, where prices are cheapest
Hospital manager admits $1m fraud
/0 Comments/in Joy Henry /by ceadminA hospital manager who helped steal £585,000 – thought to be one of the biggest frauds against a single NHS trust – is facing a long jail term.
Joy Henry, 47, siphoned off the money over four years from King’s College NHS Trust, and split the proceeds with her then boyfriend, who is still missing.
Henry, of Elliot Court, South Norwood, admitted one count of conspiracy just before her trial was due to start
Oracle settles Insider Trading lawsuit
/0 Comments/in Oracle Corporation /by ceadminA San Mateo Superior Court judge on Monday postponed signing off on an $100 million settlement agreement between Oracle founder Larry Ellison and Oracle shareholders over an insider trading lawsuit.
Instead, Judge Jonathan Schwartz will review the matter on Nov. 15 and issue his decision on whether to accept the agreement hammered out by the parties
Tyco two get up to 25 years’ jail
/0 Comments/in Tyco /by ceadminTwo former bosses of US manufacturer Tyco have been sentenced to up to 25 years in jail for stealing more than $150m (£82m) from the company.
Former Tyco chief executive Dennis Kozlowski and finance chief Mark Swartz were taken from the court in handcuffs.
They were also ordered to repay most of the money, which they spent on expensive jewellery, luxury apartments and giant $2m Mediterranean parties
Olympic Air in appeal against EU
/0 Comments/in Olympic Air /by ceadminAiling airline Olympic is to appeal against a European Commission ruling that it received illegal state aid and must repay it to the Greek government.
The announcement was made by the Greek Transport Minister Mihalis Liapis, who did not specify whether the government would also be appealing.
Brussels ruled last week that Olympic must repay up to 540m euros ($663m; £364m) to the Greek administration
BAE ‘payments to Pinochet firms’
/0 Comments/in BAE Systems /by ceadminUK arms manufacturer BAE has paid over £1m to front companies for the Chilean General Augusto Pinochet, documents obtained by the Guardian show.
Three companies linked to Gen Pinochet were getting money from the UK defence giant as late as June last year.
The documents show that between December 1997 and October 2004 BAE paid $1,998,871 (£1