Three non-executive directors of China Aviation Oil (CAO) have pleaded guilty in Singapore to insider dealing charges and failing to disclose losses.
Jia Changbin, Gu Yanfei and Li Yongji now face sentencing on Thursday.
Last month, Peter Lim, CAO’s former finance chief, was given two years in prison and fined over one of Singapore’s biggest business scandals
Enron boosted its earnings by dipping into reserve accounts, a former chief accountant at a unit of the scandal-hit energy company has testified in court.
Wesley Colwell claimed that he shifted $14m (£8m) from one account onto Enron’s balance sheet so that the firm could beat Wall Street profit targets.
Prosecutors are trying to prove that Enron’s former bosses manipulated accounts to boost its share price
A Nigerian court has ordered oil giant Shell’s local operation to pay $1.5bn to the Ijaw people of the Delta region.
The Ijaw have been fighting since 2000 for compensation for environmental degradation in the oil-rich region
Peter Lim, ex-finance chief of China Aviation Oil (CAO), has been given two years in prison and fined over one of Singapore’s biggest business scandals.
CAO, China’s monopoly jet fuel trader, accumulated $550m (£317m) in losses in oil derivatives trading.
Lim was imprisoned for cheating, an offence under the Penal Code, and fined 150,000 Singapore dollar($92,000) for an offence under the Securities Act
Google has denied accusations that its new Chinese-language search engine is operating without a licence.
It follows a report in the Beijing News that Google did not have the correct paperwork for its China site.
The web giant has rejected the allegation, saying it was operating under the licence of its business partner, Ganji
Insurance broker Xsavi has had its permission to trade cancelled by the Financial Services Authority (FSA).
The broker, which is now insolvent, sold travel insurance to 2,000 consumers without having an underwriter in place.
As a result, consumers travelled abroad unaware that if something went wrong they could have been left in the lurch
The US mining giant Newmont has agreed to pay Indonesia $30m in an out-of-court settlement over alleged pollution in North Sulawesi.
The money will be paid over 10 years to fund environmental monitoring and community development.
The Indonesian government will drop a civil case against Newmont, but a criminal trial of a top local executive will continue
Corus is to face prosecution by the Health and Safety Executive (HSE) after an investigation into a fatal blast furnace explosion in 2001.
Three workers were killed and another nine were badly injured at the Port Talbot steelworks.
Len Radford, from Maesteg, and Andrew Hutin and Stephen Galsworthy, from Port Talbot, died after the explosion
Takafumi Horie, the former boss of Japanese internet firm Livedoor, has been indicted on charges of breaking securities laws, according to reports.
Together with three other Livedoor executives, Horie has been in custody since 23 January, when he was arrested on suspicion of misleading investors.
The Kyodo news agency said they are accused of spreading false financial information about a takeover in 2004
Iraq has suspended business dealings with Australia’s monopoly wheat exporter AWB, the company has said.
The suspension will remain in force until the completion of an inquiry into allegations that the firm paid bribes to the former regime of Saddam Hussein.
“AWB is disappointed by the decision,” said chairman Brendan Stewart