Offices 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
The 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
A 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
Two 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
Ailing 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
UK 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
Former Shell chairman Sir Philip Watts has lost an appeal against the UK’s city watchdog over how it handled the probe into Shell’s oil reserves crisis.
Sir Philip was forced to step down in January 2004 after the oil giant cut its reserves estimates by 20%.
Sir Philip accused the Financial Services Authority (FSA) of violating his rights by fining Shell £17m without giving him the opportunity to respond
US retail giant Wal-Mart has been hit with a lawsuit that claims it ignores sweatshop conditions at many of its suppliers’ factories around the world.
The class-action suit has been filed in Los Angeles on behalf of 15 workers in Bangladesh, Swaziland, Indonesia, China and Nicaragua.
Each claims they were paid less than the minimum wage and not given overtime payments
Prosecutors are set to seek criminal charges against several certified public accountants at a Japan unit of the PricewaterhouseCoopers group, suspecting that they collaborated with executives at Kanebo Ltd in an accounting fraud that has humbled what was once a premier cosmetics and textile company, investigative sources said Saturday.
The sources said the accountants at Tokyo-based ChuoAoyama PricewaterhouseCoopers worked together with two executives in producing consolidated financial statements that concealed 81.9 billion yen in capital deficit in fiscal 2001 and 80
The Securities and Exchange Surveillance Commission filed a criminal accusation of accounting fraud Wednesday against Kanebo Ltd. and three former executives of the textile and cosmetics company now undergoing rehabilitation.
The three executives — former President Takashi Hoashi, 69, former Vice President Takashi Miyahara, 63, and former Managing Director Kenzaburo Shimada, 59 — were arrested July 29 for allegedly submitted falsified financial statements to financial authorities